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Some States Consider Leasing Their LotteriesNews Story
As chief operating officer of the California Department of Finance, Fred Klass gets pitches from Wall Street bankers as often as the rest of us might get cold calls from telemarketers or insurance agents. But when Kathleen Brown of Goldman Sachs came to his office earlier this year and suggested privatizing the state lottery, Mr. Klass listened closely. It wasn't merely because Ms. Brown happened to be a former state treasurer as well as the daughter of one famous California governor and the
Oct 16, 2007, 10:05 am - Lottery News

S.C. Lottery Director: Profit losses leveling offNews Story
Sales of South Carolina lottery tickets initially sank as gas prices climbed, but customers seem to have gotten used to paying more at the pump, the state's lottery director said Wednesday. When gas prices climbed above $3 a gallon after Hurricane Katrina, lottery sales at South Carolina gas stations fell sharply, probably because customers felt that they had less pocket change after filling up. But a sample survey of retailers shows convenience store sales have since leveled, director Ernie
Oct 10, 2007, 10:17 pm - Lottery News

CBS publishes second hatchet job on lotteryNews Story
News outfit intent on slamming lotteries CBS News, currently the lowest-rated broadcast network of the big three , today ran its second story in the past month attempting to dig dirt on lotteries in America. In its latest diatribe, CBS News alleges one of the oldest, most widely-spread lottery myths that lotteries prey on the poor and destitute. The problem is, the myth has been disproved time and again by long-term studies, using scientific means. (See Study proves lottery not '
Oct 8, 2007, 12:19 am - Lottery News

Lottery competition between two border statesNews Story
A close look at the Georgia and Tennessee Lotteries University of Georgia demographer exemplifies general lack of understanding; buys into lottery myth: There aren't people in Brooks Brothers suits holding briefcases standing in line for tickets. Bob Kilgore lives in Jasper, Tenn., but he regularly buys lottery tickets in neighboring Georgia. I started playing the lottery in Georgia when it started (in 1993), and I've just kept buying most of my tickets in Georgia, Mr. Kilgore sai
Oct 5, 2007, 2:10 pm - Lottery News

Opponents of lottery say 'I told you so'News Story
A database consultant alleges the N.C. Lottery didn't deliver the money promised By Frank Koconis The N.C. Education Lottery has been in operation for barely a year, and so far the state has seen little benefit from it. The promised boost in education funding is much smaller than expected, and for certain programs, nonexistent. Even worse, some of the ominous predictions of those who originally opposed the lottery appear to be coming true. The lottery simply isn't bringing in nearly as
Sep 19, 2007, 1:35 pm - Lottery News

Is the lottery shortchanging schools?News Story
According to the North American Assoc. of State and Provincial Lotteries, 42 states and the District of Columbia run lotteries, and more than half claim the games boost funding for education. But CBS News chief investigative correspondent Armen Keteyian found that lotteries aren't exactly providing a windfall for schools. If you listen to state lottery ads, we're supposed to believe that all the numbers are supposedly adding up to more and more money for education. Lotteries help, but n
Sep 19, 2007, 12:38 pm - Lottery News

Scholarships hit by S.C. Lottery downturnNews Story
As revenue declines, grants could cover less of rising in-state tuition Declining revenues from the S.C. lottery and increasing demand for the scholarships it provides means students could see their tuition grants drop. It's already happened in Georgia, where tighter standards for winning lottery-funded scholarships have cost 18,000 students once-free rides. Some day, we will have to cap the cost, S.C. Senate Finance Chairman Hugh Leatherman said. The general fund cannot afford to ha
Aug 6, 2007, 7:43 am - Lottery News

Oklahoma Lottery scrambles to increase revenueNews Story
Education funding doesn't see expected boon; officials cite low prize payouts as root cause With sales floundering compared to projections, Oklahoma Lottery officials are scrambling to bring in more money. State officials are saying the lottery hasn't been the boon to educational funding it was touted to be. To increase lottery sales, Lottery Commission Executive Director Jim Scroggins is advocating putting more of the lottery sales into prize money, saying people play to win. The fe
Jul 30, 2007, 10:13 am - Lottery News

Georgia Lottery sets sales record with $3.4 billion salesNews Story
The Georgia lottery took in a record $3.4 billion dollars during the last fiscal year a $244 million jump from the previous year. Officials say more than $850 million was transferred to the education fund, which pays for HOPE scholarships and pre-kindergarten classes. That brings the total funds raised to nine-point-three billion since the lottery began in 1993. State officials were concerned a few years ago that lottery sales wouldn't meet the growing demand for pre-kindergarten class
Jul 18, 2007, 12:53 pm - Lottery News

Calif. Lottery fails to meet Mega Millions deadlineNews Story
The Democrat-controlled California legislature, which has taken an adversarial role against the California Lottery for the past several years, has not met its obligation to change state law by a court-ordered deadline, aimed at ensuring participation in multi-state lotto is fair to education, lottery officials said Wednesday. The lottery bill making the needed change extension of California's prize-claim period to match 11 other Mega Millions states remained stalled on the eve of Friday's
Jul 12, 2007, 1:12 pm - Lottery News