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Tennessee retailers reluctant to pay lottery prizes in cashNews Story
Rebecca Paul, CEO of the Tennessee Education Lottery Corp., said she is concerned because retailers do not want to pay out lottery prizes in cash.Retailers do not have to pay cash for prizes over $20, Lottery spokesperson Kym Gerlock said. The Lottery Corp. encourages them to pay prizes in cash but they can also pay by check or money order.Paul is concerned paying by check or money order will discourage participation in the lottery. The statute gave our retailers 6.5 percent base [pay] with no c
Apr 29, 2004, 7:30 am - Lottery News

Georgia lottery sales continue setting recordsNews Story
Georgia lottery sales continued to set records during the first quarter of this year, easing worries that the lottery-funded HOPE scholarship may run dry.Lottery figures to be released Wednesday show a 6 percent growth rate in sales during the first three months of 2004 and a record pace for this fiscal year, The Atlanta Journal-Constitution reported.Through three quarters of the 12-month period ending June 30, sales are up more than $100 million compared with the same period last year, accordin
Apr 28, 2004, 7:40 am - Lottery News

N.D. Powerball lottery sales reach $2 millionNews Story
In the first month since North Dakota joined the Powerball lottery, more than $2 million worth of Powerball tickets have been sold at the state's 400-plus participating retailers, the state lottery director says.The total is nearly one-fifth of the $11 million that organizers had projected North Dakota would sell in the game's first 15 months.Director Chuck Keller said sales broke the $2 million mark on Monday, thanks in part to strong weekend sales. An expected $103 million prize may have helpe
Apr 28, 2004, 7:38 am - Lottery News

UK Lottery sales up for the first time in six yearsNews Story
Camelot, the company that runs the National Lottery, will this week reveal that annual sales have risen for the first time in six years.The announcement will be a relief for Dianne Thompson, Camelot's chief executive, who pledged last year to put an end to years of decline that have hurt the lottery's good causes - the charities and cultural projects that benefit from it - and led to mounting criticism of the company.A year ago Camelot revealed that annual sales had fallen to 4.6bn (US$8.2 bi
Apr 25, 2004, 6:58 pm - Lottery News

Scientific Games Reports First Quarter 2004 ResultsNews Story
Revenues Increased 51%; Net Income Increased 80% to $20 million; Earnings per Diluted Share were $0.22Scientific Games Corporation today announced results for the first quarter ended March 31, 2004. Revenues for the first quarter of 2004 increased 51% to $185.5 million compared to $123.2 million for the first quarter of 2003. Income before the preferred stock dividend was $20.4 million, an increase of 80% over 2003 first quarter income of $11.3 million, and diluted earnings per share increased 6
Apr 22, 2004, 5:17 pm - Lottery News

S.C. Senators welcome lottery windfallNews Story
State senators were excited Tuesday to learn the S.C. lottery is bringing in more money than expected and, therefore, more money for the state to spend.The Senate Finance Committee is planning to meet today to divvy up $341 million in lottery proceeds for next year a third more than this years take.Some senators, led by Nikki Setzler, D-Lexington, wanted to bend the rules and use as much money as possible to pay for K-12 education. But others, including finance panel chairman Hugh Leatherman, R-
Apr 21, 2004, 6:43 am - Lottery News

Law firm cuts lottery bill by 15% after scrutinyNews Story
A Nashville law firm has agreed to reduce its $892,000 bill for legal services to the Tennessee lottery by 15 percent, or more than $100,000 legislators said Monday.Sen. Jerry Cooper, D-Morrison, co-chairman of the Fiscal Review Committee, said the reduction came after negotiations between the state attorney general's office, legislators and the law firm of Waller Landsen Dortch Davis, which teams with other law firms under a contract with the Tennessee Education Lottery Corp.Legislators had b
Apr 20, 2004, 7:16 am - Lottery News

Kentucky Lottery works to counter revenue lossNews Story
Even as they celebrated the 15th anniversary of the start-up of the Kentucky Lottery and predicted a strong finish to the fiscal year lottery officials acknowledged an uncertain future yesterday.That's due in large part to new competition from a neighbor. Tennessee, whose residents once were responsible for 12 percent to 15 percent of the Kentucky Lottery's sales, started its own lottery this year.Yesterday, Tennessee added the Powerball to its lineup.Kentucky Lottery spokesman Chip Polston said
Apr 20, 2004, 7:14 am - Lottery News

Tennessee Lottery has paid nearly $700,000 in bonuses to dateNews Story
State lawmakers are surprised by the number of Tennessee Lottery employees who have received bonuses totaling nearly $700,000 since the launch of the games in January.Lottery CEO Rebecca Paul has earned $245,000 in bonuses for beginning scratchoff games ahead of schedule and starting the lottery online by March 20. The other 142 Tennessee Education Lottery Corp. employees have cashed $422,304 in startup bonus checks, according to lottery records, an average of $2,974 each.Paul used employee ince
Apr 19, 2004, 6:23 am - Lottery News

New York lottery fans have Mega ManiaNews Story
Mega Millions has become megapopular since its launch in New York two years ago.Sales of the high-payout lottery game in New York jumped 27 percent during its second year of operation, according to the New York Post.Mega Millions registered more than $474 million in sales in New York during the 2003-04 state fiscal year, which ended March 31, up from the $373 million it took in the previous fiscal year, according to New York State Lottery.Eleven states participate in the game, which has a minimu
Apr 19, 2004, 6:14 am - Lottery News