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TagResults 781 - 790 of 802 for financials. (0.09 seconds)

Sanford asks S.C. Education Lottery to make small cuts
South Carolina Gov. Mark Sanford says he doesn't approve of a state lottery but since it's here, it should be as efficient as possible.Sanford said in a budget hearing Wednesday that he'd like the South Carolina Education Lottery to cut its retailer commissions and put even more money toward education.The lottery has had about $1.2 billion in gross sales from the beginning of the games on Jan. 7, 2002 to Aug. 31, 2003.About 7 percent of that goes toward retailer commissions. Sanford questioned w
Oct 2, 2003, 3:36 am - Lottery News

Committee OKs Tennessee Lottery pay-scale plan
The pay scale for Tennessee Lottery workers will range from $19,750 a year for a warehouse clerk to $150,000 a year for a senior vice president, plus bonuses, according to a preliminary plan approved by a lottery committee.Lottery workers also must pass a drug test before being hired.The Tennessee Education Lottery Corporation's Human Resources Committee on Friday approved the plan, which still must be voted on by the entire board. Minutes later, new lottery chief Rebecca Paul hired her first em
Sep 29, 2003, 3:14 am - Lottery News

Oregon Lottery operating costs drop half-million dollars
A report released Thursday by Oregon Secretary of State Bill Bradbury shows a half-million reduction in operating costs for the Oregon Lottery following last year's devastating audit. The savings were over five months compared to the same period in 2002.Gov. Ted Kulongoski called the results as a significant step forward in our goal to reduce costs and restore accountability in state government. The 2002 audit found nearly $800,000 in questionable administrative expenses, including use of first
Sep 26, 2003, 3:15 am - Lottery News

Tenn. lawmaker balks at high lottery pay for vice presidents
A state legislative leader said he hoped that Tennessee's lottery would pay its top officials less than top executives at the Georgia lottery were paid when Rebecca Paul was director there.Paul, the new Tennessee lottery director who officially came from Georgia this week, had a dozen lottery vice presidents working for her in Georgia five of them earning $151,000-$180,000 a year, including bonuses.''That seems to be on the high side,'' said state Sen. Ron Ramsey of Blountville, Senate Republ
Sep 26, 2003, 3:12 am - Lottery News

Lottery board ups goals
Profit expectations for Tennessee's new lottery director Rebecca Paul increased Tuesday by roughly $6 million following a vote by the state's lottery board.The Tennessee Education Lottery Corporation (TELC) board, due to Paul's starting one week earlier than planned, increased the amount of net proceeds the lottery must garner if Paul is to receive the whole of her $400,000 incentive package. A former goal described by Paul as Herculean -- of $122 million by June 30, the end of the fiscal year
Sep 24, 2003, 4:05 am - Lottery News

Mass. Lottery limits track's winning ticket payouts
The Massachusetts lottery will no longer allow the Raynham Park dog track to cash big ticket prizes after a state audit raised concerns that some people use the service to avoid paying taxes.Raynham Park is the only one of 7,300 sales agents that can cash ticket prizes of more than $600. Under the contract, it can cash ticket prizes up to $25,000.But the lottery notified track officials on Tuesday that they will have to comply with the $600 limit, effective in three weeks.Last year, 12 people ma
Sep 24, 2003, 3:40 am - Lottery News

Public backs HOPE limits
Georgians' support for new restrictions on lottery-funded HOPE scholarships are stronger than previously thought, according to polling results presented to a state commission Thursday.The Peach State Poll, conducted by University of Georgia researchers, found significant public support for limiting the scholarships to four years and a flat $3,000 a year. I think it's a pretty discerning public, said state Rep. Louise McBee, D-Athens, a commission co-chairwoman.The panel - made up of lawmakers,
Sep 19, 2003, 10:07 am - Lottery News

Add-on games stem UK Lottery sales decline
UK National Lottery sales have stabilized even though the main Lotto draw suffered yet another fall, operator Camelot says.Latest figures show sales across all Lottery games averaged 85 million a week, matching the previous quarter.But they are still a long way down from a peak of around 100 million a week towards the end of the 1990s.Lotto, the main draw, sold around a million fewer tickets a week in April to June this year than in the previous three months - from an average 61 million a wee
Sep 16, 2003, 3:52 am - Lottery News

Missouri Lottery outperforms every other state
The Missouri Lottery is the fastest-growing game in the United States, according to an annual survey by International Gaming Wagering Business.The Missouri Lottery posted 21.3 percent growth in the 2003 fiscal year that just ended on top of 15 percent growth the previous year, outperforming every other lottery, the trade publication said in its September issue. It is very difficult to string together two outstanding years in the current environment, so Missouri's accomplishment is all the mo
Sep 16, 2003, 3:38 am - Lottery News

Mega Millions Lottery Disappoints, Officials Say
The whole point of the Mega Millions lottery was huge jackpots, headline jackpots, crowds-mobbing-the-gas-stations jackpots.But more than a year after the multi-state Mega Millions lottery was created, the top prizes haven't been the record-breakers organizers had hoped -- leaving the 10 member states still waiting for a lottery windfall to cushion falling tax revenues.You might call it a case of bad luck. The lottery grew out of the seven-state Big Game, which set an American record for a singl
Sep 15, 2003, 3:59 am - Lottery News