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NJ Lottery private operator on track to meet budget projectionsNews Story
Turnaround for Northstar after two years of missed targets Increased sales mean New Jersey's lottery contribution to the state budget is on track to meet its target for 2016 after falling short the first two years of a long-term contract with a private operator. The operator of the lottery's sales and marketing, Northstar New Jersey, is budgeted to return $1 billion to the state to help fund programs for education, disabled veterans and senior citizens. Through the first three months of th
Oct 16, 2015, 10:22 am - Lottery News

Payout situation getting worse for Illinois lottery winnersNews Story
Suspends lottery payouts for winners of $600 or more Feeling like you've hit the jackpot through the Illinois Lottery? Well, think again. State officials announced Wednesday that winners who are due to receive more than $600 won't get their money until the state's ongoing budget impasse is resolved. Players who win up to $600 can still collect their winnings at local retailers. In a statement, the Illinois Lottery said that its account for writing out checks to winners would be exhaust
Oct 15, 2015, 4:32 pm - Lottery News

Illinois Lottery not paying big winners because state legislature won't pass budgetNews Story
After years of struggling financially, Susan Rick thought things were looking up when her boyfriend won $250,000 from the Illinois Lottery last month. She could stop working seven days a week, maybe fix up the house and take a trip to Minnesota to visit her daughter. But because Illinois lawmakers have not passed a budget, she and her boyfriend, Danny Chasteen, got an IOU from the lottery instead. For the first time, we were finally gonna get a break, said Rick, who lives in Oglesby. And
Aug 28, 2015, 4:51 pm - Lottery News

N.C. legislators look to expand lotteryNews Story
Lawmakers in Raleigh are looking to place bets on the state lottery once again as a source of more money for education programs across North Carolina. House and Senate budget negotiators are working on a plan, already adopted by the state Senate, that would significantly increase advertising of the lottery's scratch-off and other offerings, including the Powerball and Mega Millions jackpot games. Another part of the plan, also backed by the Senate: Making a version of instant tickets availabl
Aug 22, 2015, 10:07 pm - Lottery News

Arkansas Lottery anticipates drop in revenue next yearNews Story
Delays participation in Decades of Dollars game The Arkansas Lottery Commission approved a new budget Wednesday that takes into account expected reductions in revenue. Under the budget for the fiscal year that begins July 1, operating revenue would be $459 million, compared to $464 million for the current fiscal year, with $100 million in net proceeds, down from $105 million. Lottery Director Ernie Passailaigue said the budget for the upcoming year is based on actual revenue. The com
Mar 11, 2011, 10:44 am - Lottery News

N.C. Lottery making changes to counter weak salesNews Story
Additional draws to be added in Feb.; search narrows for new director North Carolina lottery commissioners estimated Wednesday the program will earn $40 million less than expected in the current year because of weak ticket sales another financial blow for a state education system already bracing for budget cuts. The North Carolina Education Lottery Commission revised its sales estimate in approving a new budget. That plan projects the lottery will be able to provide about $402 million for
Dec 16, 2010, 9:24 am - Lottery News

N.C. Lottery increases prize percentageNews Story
Critics decry smaller education 'slice of pie' Like or loathe the state lottery, there's no question the total amount it generates for education keeps growing. One thing that isn't growing, however, is the percentage that goes to schools. The funding formula keeps changing. Since its inception, state lawmakers and lottery leaders tweaked the funding formula in an effort to increase ticket sales. A new report from the nonprofit watchdog group North Carolina Policy Watch shows just how mu
Sep 26, 2010, 11:12 am - Lottery News

N.C. Lottery grows despite recessionNews Story
The North Carolina Education Lottery hit the jackpot with its budget this year, significantly increasing funding for salaries and benefits despite uncertain economic times that have stalled similar line items at many private-sector firms and government agencies. The lottery's new budget, which was approved by the Lottery Commission in mid-June, calls for $17.7 million in salaries, wages and benefits in the coming fiscal year, almost 14 percent higher than what lottery officials spent in the l
Jul 20, 2010, 9:10 am - Lottery News

Ark. lottery forced to revise budget after law change foundNews Story
Arkansas' lottery director said Wednesday he wasn't aware that the Legislature changed how money from unclaimed prizes is to be managed a move that required lottery officials to revise their 2011 budget. The revised lottery budget allocates $11 million less for scholarships and overall revenue is projected to drop by $14 million. However, the lottery has been taking in money above projections, and the original scholarship budget target of $116 million could still be met. We will do our be
Apr 9, 2010, 8:45 am - Lottery News

Illinois Lottery may privatize lottery to solve budget woesNews Story
The search for revenue to help fix to the state's budget woes has put a spotlight on the Illinois State Lottery. For more than three decades, the lottery has been a steady, reliable source of revenue for the state. Since 1985, it has brought in more than a half billion dollars annually. But, just as other state and local governments have sold off assets to help balance their bottom line and avoid tax hikes, the lottery is now being marketed as a potential target for a hybrid brand of priva
Apr 5, 2010, 7:03 am - Lottery News