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TagResults 161 - 170 of 802 for financials. (0.03 seconds)

Deal struck, Illinois Lottery winners to be paid
Republican Gov. Bruce Rauner and House Democrats on Wednesday struck a rare agreement, compromising on a plan to release more than $3.1 billion to pay Illinois Lottery winners and help cities and towns operate 911 centers, plow roads and train firefighters. Normally, municipalities receive a share of gas tax, 911 surcharge and gambling revenue to help prop up day-to-day operations, but those dollars have been on hold due to the state budget impasse. Legislation passed 107-1 by the House would
Dec 3, 2015, 10:42 am - Lottery News

Illinois Lottery sales lowest in two years
Our winners will be paid, Illinois Lottery Superintendent B.R. Lane said. After nearly three months of withholding payments due to the state budget impasse, the Illinois Lottery said it's not if winners will get their cash -- but when. The Illinois Lottery saw a significant drop in ticket sales from September to October, which coincides with the state budget stalemate. Because they're not sure when they'll be paid, our players are buying fewer tickets. It's really that simple, Lane said.
Nov 12, 2015, 11:33 am - Lottery News

Democrats hold up lottery payouts after Illinois Gov. compromises
After Illinois' Republican Governor Bruce Rauner froze the funds that pay out Illinois Lottery earnings last month, the governor made a compromise this week to get the funds flowing again. Now, however, the governor's office says it's the Democrats who are holding up the payouts. House Majority Leader Barbara Flynn Currie (D-25th) filed a motion to reconsider on House Bill 4305 after the House passed it yesterday with a 115-1 vote. The bill would free up tax money that has already been collec
Nov 11, 2015, 6:45 pm - Lottery News

Florida lawmakers seek to automate lottery ticket sales
The Florida Lottery and education in the state go hand in hand, with the department contributing more than $28 billion to education trust funds since 1988. Lawmakers think they can get that number to up with a bill that would make it easier for consumers to buy a ticket. The idea for automated lottery terminals comes from a state study where it has been noted for two years in a row that ticket automation could increase revenues. The Florida Lottery is coming off a record-breaking month. Mo
Nov 10, 2015, 8:30 am - Lottery News

Winners suing Illinois Lottery try to rope in other states
Multi-state lottery groups pushed back on Monday against a move by lottery winners in Illinois to drag dozens of states into a lawsuit against the Illinois Lottery's suspension of payments. Illinois has halted payments on winnings of $600 or more due to the state's ongoing budget impasse. A class action originally filed in September in U.S. District Court in Chicago seeking to force the Illinois Lottery to pay winners was amended last week to add as defendants lottery agencies in 43 states
Nov 9, 2015, 10:14 pm - Lottery News

Wyoming Lottery earns high marks in audit of first year
Independent auditors found no major financial issues with how the Wyoming Lottery operated during its first year of ticket sales. The board of directors of the Wyoming Lottery Corp. received results of the audit by Cheyenne-based McGee, Hearne Paiz during a meeting Monday. Board chairman Mark Macy said the lottery seemed to be right on track or at least not significantly off on how our operations were conducted. The audit noted a couple of minor accounting issues that lottery CEO Jon C
Nov 4, 2015, 9:05 am - Lottery News

Illinois Lottery is not paying, but people are still playing
Joe Joost and several other city truck drivers thought they won $1 million in September. However, they have yet to see a dime because the state comptroller has said they can't make payouts over $25,000 because the state hasn't approved a budget. In October, that payout limit was further reduced to just $600. One state lawmaker says the Illinois Lottery is committing fraud, but Joost simply can't understand why people continue to play. They announce they're not paying but yet they're st
Nov 3, 2015, 9:13 am - Lottery News

Illinois border states report increased lottery sales
With Illinois delaying payouts of more than $600 because of its budget mess, neighboring states are salivating at the chance to boost their own lottery sales. Businesses near borders, particularly in Indiana, Kentucky and Iowa, say they've already noticed a difference. The Lottery problems stemming from Illinois' budget impasse have led to a lawsuit and come amid questions about Illinois revenues and a shake-up in lottery management. Many gas stations, smoke shops and convenience stores in
Oct 27, 2015, 9:54 am - Lottery News

'Daily Show' knocks Illinois for shortchanging lottery winners during budget battle
Includes video report The ongoing budget impasse in Illinois was under the heat of the national spotlight this week when the 'Daily Show' took a jab at the state for its treatment of lottery winners during the stalemate. One of the show's correspondents Jordan Klepper headed to central Illinois to speak with Danny Chasteen and Susan Rick, who have won $250,000 in the Illinois lottery, but have yet to receive their winnings. The lottery is not paying individuals who have won more than $600
Oct 25, 2015, 9:36 am - Lottery News

Illinois lottery players crossing border to play in other states
Players lose confidence as budget stalemate halts winner payouts Randall Lobello of Bensenville said he still plans to buy lottery tickets, despite the Illinois Lottery's announcement Wednesday that even more winners will be getting IOUs. He'll just play in another state, one where winnings would be paid out immediately. I do a lot of traveling; I would just jump to the border and go to Wisconsin, said Lobello, 47. I used to buy lottery tickets in Illinois, but I'm not purchasing them
Oct 17, 2015, 9:17 am - Lottery News