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You've won the lottery! Now what?News Story
Hitting the jackpot may be a fantasy, but what's the harm in dreaming? Here's some realistic advice on what to do if those numbers prove to be magic.It's after 11 p.m. on Saturday night, a night like any other Saturday night. You're ready for bed and yelling at the dog to get out of the garbage. With little enthusiasm or hope, you tune in to the drawing of the state's lottery numbers on TV. A quick glance at the numbers tells you that you wasted yet another ... wait a minute! The numbers on your
Dec 17, 2003, 4:26 am - Lottery News

Profit Soars at Lottery Operator GtechNews Story
Gtech Holdings Corp., the world's largest operator of lottery systems, posted a 40 percent jump in profit for its latest quarter, beating Wall Street estimates.West Greenwich-based Gtech also raised its fiscal 2004 earnings estimates again and predicted fiscal 2005 earnings would beat analysts' expectations.Net income for the third quarter ended Nov. 22 soared to $45.9 million, or 69 cents a share, from $32.8 million, or 58 cents a share, a year earlier.However, the latest results included a gai
Dec 17, 2003, 4:18 am - Lottery News

Jamaica scales back lottery tax planNews Story
Only lottery winnings over $15,000 to be taxedThe Jamaica givernment yesterday announced a $15,000 threshold on lottery winnings, before the 15 per cent tax is applied, confirming Sunday's lead story in the Observer.Finance Minister Dr Omar Davies admitted at a post-Cabinet news briefing at Jamaica House that the decision to tax winnings had led to a fall-off in sales of the popular Cash Pot game run by Supreme Ventures, while fuelling underground gaming.Cash Pot sales, which generated $970 mi
Dec 16, 2003, 5:27 am - Lottery News

Confirmation of lottery board may be stymied by large payrollNews Story
Confirmation of the states lottery board could become a divisive political issue when the legislature returns next month.Both houses of the state legislature must approve the seven Tennessee Education Lottery Corporation board members, appointed by Democratic Gov. Phil Bredesen in June. The state House and Senate will have 30 days to do so after convening here Jan. 13.Some lawmakers have been critical of salaries set by the lottery board, particularly of CEO Rebecca Paul. Paul could receive up t
Dec 10, 2003, 7:11 am - Lottery News

Bank gets lottery businessNews Story
Lottery officials Monday officially named First Tennessee to handle millions in banking services for the upstart game.The bank was the lowest bidder at $51,000 over three years. Additionally, First Tennessee also scored the highest in different categories such as geographic coverage and service considerations, say officials.Services provided under the contract will include basic banking and weekly electronic sweeps of tickets sales from retailers.Tennessee Education Lottery Corporation (TEL) CEO
Dec 9, 2003, 4:49 am - Lottery News

Texas Lotto Sales Keeping PaceNews Story
As Texas players are buying their first tickets for Mega Millions, they're also sticking by Lotto Texas, the first big jackpot game in the Lone Star State. Sales are going great for the first drawing of Mega Millions with its $44 million jackpot on Friday, said Reagan E. Greer, Executive Director of the Texas Lottery Commission. And sales for Lotto are good too as people see that $15 million jackpot for tonight's drawing. We're glad to see that Texas is big enough for both games. As of 4:30 We
Dec 4, 2003, 6:13 am - Lottery News

Audit finds S.C. lottery operates efficientlyNews Story
An audit of South Carolina's nearly 2-year-old lottery found only a few areas for improvement in cost controls.The South Carolina Education Lottery agreed with almost all the recommendations made in the audit released Tuesday and has implemented many of them, commission Chairman John C.B. Smith Jr. wrote in his response.The lottery has kept costs below the statutory maximum of 15 percent of revenues, but should look at cell phone and car usage for potential cost savings, the audit said. Smith sa
Dec 3, 2003, 5:25 am - Lottery News

S.C. Lottery Director Opposes Sales Tax PlanNews Story
Lottery director says Sanfords plan would reduce funds for educationGov. Mark Sanfords plan to charge sales tax on lottery tickets could cost South Carolina millions in lost education dollars, members of the S.C. lottery commission were told Tuesday.Lottery director Ernie Passailaigue said Sanfords plan to apply the 5 percent sales tax to lottery tickets could cost the state anywhere from $36 million to $154 million in education funding.Sanford wants to use the sales tax on lottery tickets, as w
Dec 3, 2003, 5:22 am - Lottery News

Colorado lottery audit unveils woesNews Story
Report: Abuse of perks cuts into proceeds for open spaceState auditors released a report Monday on the Colorado Lottery, finding that its sales may be hitting a ceiling and that profits that should be going to parks and open space are being eaten up by increased prizes used to try to attract more players.The audit also unearthed a series of deep-seated problems in how the lottery monitors company-cellphone usage, its fleet of 55 vehicles and a gravy train of employee bonuses.Those costs also e
Dec 2, 2003, 4:10 am - Lottery News

Audit of Colorado lottery to be released todayNews Story
Intensive review examines overall performanceAn audit of the Colorado Lottery is scheduled to be unveiled today, capping an extensive review that focused on its overall performance.As part of their focus, state auditors centered on contract management, lottery records show.Specifically, auditors inquired about Scientific Games International, the company that recently won the multimillion-dollar contract to run Powerball, Lotto and Cash 5 games. The Georgia-based company runs the lottery's scratc
Dec 1, 2003, 5:19 am - Lottery News