Search

Search for news stories tagged with the keyword you specify

See all tags:
TagResults 171 - 180 of 802 for financials. (0.13 seconds)

NJ Lottery private operator on track to meet budget projections
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 winners
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

Kentucky Lottery and legislature tussle over cash reserves
Straining to find hidden money within state government's bureaucracy to balance a tight state budget two years ago, the Kentucky Senate discovered about $16.9 million in unrestricted reserves held by the Kentucky Lottery Corp. Senators concluded the lottery didn't need that much in reserve and put into the budget bill a directive that in addition to the normal flow of dividends the lottery sends to the state the lottery transfer $11 million to the general fund by June 30. But, in a rare de
Sep 2, 2015, 7:39 am - Lottery News

Illinois Lottery not paying big winners because state legislature won't pass budget
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 lottery
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

Virginia Lottery turns over more than a half-billion dollars to education
For just the second time in its history, the Virginia Lottery has delivered more than a half-billion dollars to Virginia's K-12 public schools in a single fiscal year. The Lottery announced today that profits for the 2015 fiscal year totaled nearly $534 million. It wasn't just education in the Commonwealth that benefited. Players raked in a record $1.1 billion in prizes during the year, and retailers selling Virginia Lottery tickets earned nearly $104 million in commissions a record. Many of
Aug 19, 2015, 9:05 am - Lottery News

Alabama Gov. compares lottery to leisure suits
Alabama Gov. Robert Bentley took his campaign for tax increases and budget reform to the Bessemer Chamber of Commerce today, where he was asked about whether he's concerned that Alabamians buy lottery tickets in other states. Bentley indicated an Alabama lottery would not be the budget booster that some people think. Now listen folks, the lottery is like leisure suits, the governor said. We're about 30 years behind. Three neighboring states, Georgia, Florida and Tennessee, already hav
Aug 2, 2015, 11:37 am - Lottery News

Scratch-off games propel Ohio Lottery to record sales
Like other state lotteries have recently reported, the Ohio Lottery has managed to increase its sales to record levels in the past year, despite a sharp downturn in multi-state lottery sales, through an emphasis on scratch-off ticket sales. The Ohio Lottery Commission sold $1.55 billion in instant scratch-off lottery tickets in the fiscal year ending June 30, which was $123.3 million, or 8.6 percent, more than the previous year, according to annual, unaudited sales figures released on Thursda
Jul 10, 2015, 3:02 pm - Lottery News

Scratch-off tickets push Florida Lottery to record sales
Floridians with dreams of instant payoffs are generating record scratch for the Florida Lottery. Lottery revenues for the fiscal year ending June 30 are up $180 million over last year, reaching a record $5.58 billion, with two-thirds of that money via scratch-offs. The state sold $3.7 billion in scratch-off tickets this year, compared with $3.4 billion in 2013-14. That more than offset a drop of about $120 million in Powerball, Florida Lotto and other games. Scratch-offs accounted for 6
Jul 3, 2015, 7:46 am - Lottery News

Mass Lottery to announce record sales
The Massachusetts Lottery is expected to break a sales record this year for the fourth year in a row, the lottery executive director said Tuesday. As of Saturday, the lottery had tallied $4.973 billion in sales, said Beth Bresnahan. She said the final sales total would be just shy of $5 billion when the fiscal year ends at midnight tonight. The lottery posted sales of $4.741 billion in fiscal 2012, $4.85 billion in fiscal 2013, and $4.863 billion in fiscal 2014. Profit this year is expe
Jun 30, 2015, 4:13 pm - Lottery News