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Arkansas Lottery may not be able to meet scholarship demandsNews Story
Panel considered reducing scholarship amounts The legislative committee that oversees the state lottery yesterday considered, but ultimately tabled, a proposal to recommend reducing lottery scholarship amounts by 10 percent for the second class of lottery recipients. Last year the Legislature set the amount for the first group of lottery recipients at $5,000 per year to attend a four-year school and $2,500 per year to attend a two-year school. Rep. Barry Hyde, D-North Little Rock, co-ch
Dec 31, 2010, 10:48 am - Lottery News

Most Kentucky Lottery players don't know where the money goesNews Story
Kentucky is only state with odd law that prohibits advertising where funds go Since its inception, the Kentucky Lottery has taken in $12.5 billion. A recent study said most people in the commonwealth have no idea where that money goes. A local TV station has been investigating how much of that Powerball cash actually goes to Kentucky. Kentucky Lottery officials believe they could be taking in more money if Kentuckians were better informed about lottery proceeds, but state law is prevent
Oct 29, 2010, 9:52 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

TN lottery scholarships safe from cutsNews Story
UT study shows shortfall is less than previously projected The dollar shortfall between Tennessee lottery revenue and the scholarship programs it funds is much less than previously projected, a study shows, indicating that lottery scholarships won't have to be cut or made harder to get. The Commercial Appeal of Memphis reported that the study by the University of Tennessee Center for Business and Economic Research was presented this week at the Lottery Scholarship Stabilization Task Force'
Aug 19, 2010, 10:19 am - Lottery News

Georgia Lottery profits up in 2010News Story
Another good year for the Georgia Lottery meant more money for the state's pre-kindergarten and HOPE college scholarship programs, but it isn't enough to keep state officials from worrying about HOPE's future. The Georgia Lottery Corp. announced Wednesday that profits increased again during the 2010 fiscal year providing a dozen consecutive years of growth. As a result, the lottery increased its payments to the popular pre-k and HOPE programs. During the 2010 fiscal year, which ended June
Jul 14, 2010, 9:21 pm - Lottery News

Increased California Lottery payouts spur salesNews Story
Californians who play lottery Scratcher games have apparently noticed a new and not unwelcome change in the way some of the games are structured: They win more. As a result, they're playing more. Scratcher sales leaped by $55 million in June, the first month that a new law allowed lottery officials to increase the percentage of revenues returned in prize money. Officials are confident that trend will continue. In its budget for the fiscal year that began July 1, the Lottery Commission p
Jul 6, 2010, 9:03 am - Lottery News

Senator says Tenn. lottery scholarship fund in troubleNews Story
Tennessee Senate Minority Leader Jim Kyle, D-Memphis, is urging lawmakers to deal with the state's insolvent lottery-funded college scholarship fund. Sen. Kyle's comment came after a Senate panel refused to adopt his plan to plug a $13 million program shortfall. This is the first step to reducing scholarships and denying accessibility for thousands of Tennessee students who depend on the lottery scholarship as their sole opportunity to attend college, Sen. Kyle said in a news release Thur
Apr 9, 2010, 9:18 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

Bill would boost California Lottery jackpotsNews Story
The state Lottery would be allowed to pay out more money on jackpots, with the aim of gaining more players and boosting funding for schools, under a measure that advanced Tuesday, but Los Angeles' teachers are skeptical. Assemblywoman Mary Hayashi (D-Castro Valley) said her legislation would ultimately mean more money for education, but the United Teachers of Los Angeles objected during a committee hearing that it would allow funds to be shifted from education to prizes. Voters approved th
Feb 25, 2010, 9:36 am - Lottery News

Oklahoma Lottery gets mixed financial reviewNews Story
Oklahoma gets a larger share of the take than most states do, but its net revenue lags Oklahoma squeezes a better return from its lottery than most states do from theirs, but it might get more if it loosened some rules, U.S. Census Bureau data suggest. Oklahoma ranks high in the percentage of lottery proceeds netted for government use, but it's low in actual lottery sales and dollars netted, according to information gathered by the Census Bureau as part of its annual survey of state govern
Dec 30, 2009, 7:48 am - Lottery News