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GTech Profit Up as Lottery Sales RiseNews Story
GTech Holdings Corp., a leading lottery systems operator, on Thursday said quarterly earnings rose 14 percent, on acquisitions and higher lottery ticket sales driven by big jackpots.The fiscal fourth-quarter earnings topped Wall Street estimates, but GTech stock fell slightly. It was a good quarter, but not a phenomenal one, Farmhouse Equity Research analyst J.P. Mark said. People expected them to beat estimates. For the fiscal fourth quarter ended Feb. 28, the West Greenwich, Rhode Island, co
Apr 16, 2004, 9:33 am - Lottery News

Tennessee Lottery yields $64M for scholarshipsNews Story
Tennessee Lottery officials gave the state nearly $64 million Thursday to fund college scholarships.The transfer of $63,774,000 from the Tennessee Education Lottery Corp. to the bank account for scholarships represents the profits since the first scratchoff tickets were sold Jan. 20. It's the most exciting day in our history, lottery CEO Rebecca Paul told members of the Tennessee State Funding Board. The money comes from profits on $231.6 million in sales through March 31.She said the lottery e
Apr 16, 2004, 9:26 am - Lottery News

The Two Titans of the Lottery IndustryNews Story
We often hear that the $40 billion spent on video games worldwide dwarfs the amount spent on the motion picture industry. But another form of mass entertainment dwarfs them both: the lottery business. According to a Morgan Stanley study, sales of lottery tickets around the world will top $160 billion in 2004.You should be thankful for the lottery business this week as you write a check for your tax bill. That's because you'd probably owe a lot more if not for your fellow citizens' crazed desire
Apr 15, 2004, 4:58 am - Lottery News

Minnesota Senate wants lottery examinedNews Story
After soundly rejecting a call to abolish the state lottery, Minnesota senators voted unanimously Monday night to study ways to change its management and business practices.The bill comes on the heels of a legislative audit that was critical of promotions and vending contracts by the lottery. During that review, the lottery's director, George Andersen, committed suicide.The bill sets up a task force that will report to the 2005 Legislature on whether the lottery should be run by a state agency,
Apr 13, 2004, 5:12 am - Lottery News

Lottery is bright spot in S.C. revenueNews Story
As a University of South Carolina student, Leah Sugarman is strapped for cash.But the 23-year-old said she usually can find money to play the South Carolina Education Lottery about once a month. I also find a dollar or two to smoke cigarettes, she said. I just scrounge up some change from the car or sofa. It's not a big deal. Sugarman said she usually spends a dollar -- and no more than $5 -- on scratch-off tickets and the Powerball game when the jackpot gets high. It's just for fun. I really
Apr 13, 2004, 5:10 am - Lottery News

Texas Lottery sales up for the yearNews Story
Overall lottery ticket sales are up this year even as Lotto Texas, the state-run big jackpot game, is down about 26 percent, Texas Lottery Commission officials said Monday.Officials said the dip in Lotto Texas sales was expected when Texas joined the multistate Mega Millions game in December, although the decrease is larger than forecast.Total sales -- including Mega Millions, Lotto Texas, and instant and other games -- are up 5.3 percent this fiscal year, to $2.03 billion. I look at the big pic
Apr 13, 2004, 5:06 am - Lottery News

North Dakota lottery sales still going strongNews Story
The North Dakota Lottery was approaching $1 million in sales through two weeks of play, lottery officials said Thursday.In the first 14 days North Dakota had member status in the Multi-State Lottery Association's Powerball game, players in the state placed $946,674 in bets, according to lottery spokeswoman Liz Brocker.That would put the state on pace for $24.6 million in lottery sales annually. And that's without the introduction of two additional games, Hot Lotto and Wild Card Two, which come o
Apr 9, 2004, 4:29 am - Lottery News

Tennessee lottery puts dent in Southern Kentucky salesNews Story
Lotto Land is located along Interstate 65 in Southern Kentucky, well positioned to win the business of Tennesseans who long lacked their own state lottery.But Lotto Land, in Franklin, and other Kentucky Lottery retailers along the border have seen a slowdown in sales since Tennessee's lottery started Jan. 20 with four scratch-off games.Lottery sales in seven border counties fell by 12 percent in the Tennessee lottery's first five weeks, according to the Kentucky Lottery Corp. The dropoff is expe
Apr 6, 2004, 4:12 am - Lottery News

Paul, 3 lottery executives paid $300,000 when they quit Georgia jobsNews Story
When Rebecca Paul quit her Georgia job last fall as the nation's highest-paid lottery director to become Tennessee's lottery chief, she left with one final perk a check for $125,139.The three lottery vice presidents she lured to Tennessee also cashed out when they left, collecting a total of $174,059.Paul and her lieutenants were beneficiaries of leave policies at the Georgia Lottery Corp. that are far more generous than those for any other state workers. Analysts say the policies are uncommon e
Apr 5, 2004, 3:59 am - Lottery News

North Dakota Lottery a model of efficiencyNews Story
As a business with a limited number of potential customers in a sparsely populated territory, North Dakota's state lottery office has been concentrating on ways to keep its expenses down.It has only six employees, including its director. Its main computer sits in Montana, a few feet from another machine that handles the river of numbers for the Montana Powerball game and other lotteries.Because it does not sell scratch tickets, the games that let players know immediately whether they've won or
Mar 29, 2004, 4:25 am - Lottery News