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N.Y. Gov. wants to privatize lotteryNews Story
New York may try to cash in on the future its lucrative lottery as a way to create a permanent education fund, and Wall Street is interested in taking the bet. The stakes are high for everyone, from students who could get better education to poor communities that might see more grocery money scratched away. For state government, a long-term leasing for part of the lottery and part of its profits to a private investor for 30 or 40 years could attract a massive upfront payment, perhaps in th
Jan 11, 2008, 6:43 am - Lottery News

Vermont could become first state to privatize lotteryNews Story
No other state has leased its lottery, but Vermont wants to be the first. Governor Jim Douglas hopes the lease will bring in $50 million dollars for the state budget, on top of the $23 million the lottery brings in now. Today in a special report, VPR's John Dillon explores the advantages and disadvantages of what is so far an untested idea. (sound of lottery machine printing ticket) (Dillon) Johanne Gray is a regular at this convenience store in Montpelier. She likes to play the
Dec 21, 2007, 2:33 pm - Lottery News

Georgia Lottery bonuses stir lawmakers into actionNews Story
The Georgia Lottery board's decision to hand out nearly $3 million in bonuses to employees this year has lawmakers vowing to put new controls on the corporation. Senate Majority Whip Mitch Seabaugh (R-Sharpsburg) filed legislation Friday that would give lawmakers appointments to the Lottery Corp. board. Currently, the governor appoints the board. His bill, which will be considered during the 2008 session, also would mandate that all Lottery Corp. spending, including employee bonuses, be appro
Dec 14, 2007, 10:54 pm - Lottery News

Lottery may be top talk among Tennessee legislators this sessionNews Story
Recent questions about the Tennessee state lottery could become political football in the upcoming legislative session. Monday, state lottery officials tried to assure lawmakers that a summer glitch will not happen again. Some, like House Leader and state representative Jason Mumpower, aren't buying the answers. Of the $3.7 billion in total sales, approximately $2 billion of that has been awarded to players but most importantly we have raised $1 billion for the education program that
Dec 11, 2007, 7:32 pm - Lottery News

Some States Consider Leasing Their LotteriesNews Story
As chief operating officer of the California Department of Finance, Fred Klass gets pitches from Wall Street bankers as often as the rest of us might get cold calls from telemarketers or insurance agents. But when Kathleen Brown of Goldman Sachs came to his office earlier this year and suggested privatizing the state lottery, Mr. Klass listened closely. It wasn't merely because Ms. Brown happened to be a former state treasurer as well as the daughter of one famous California governor and the
Oct 16, 2007, 10:05 am - Lottery News

Calif. Gov: Sell lottery to fund health careNews Story
Hoping to rejuvenate lagging negotiations over health care reform, Gov. Arnold Schwarzenegger said Tuesday that he wants to use the state lottery to help finance his plan that would require all Californians to have health insurance. The Republican governor said at a news conference that he wants to lease the lottery to a private group and use about $2 billion a year of the proceeds to pay for his health insurance plan, without diverting any lottery funds used for education. The proposal is
Oct 12, 2007, 7:42 pm - Lottery News

Lottery fraudster spared prisonNews Story
A Belfast woman who falsely claimed more than 40,000 (US$75,000) in benefits after she had won nearly 60,000 (US$110,000) playing the UK National Lottery has been spared jail. In June 2000, Leanne Thompson, 29, from Bloomfield Parade, scooped 58,518, but failed to declare her change of circumstances to the benefits agencies. The mother-of-three admitted making false statements to obtain benefits. Belfast Crown Court Judge Her Honor Kennedy suspended a one year sentence for two year
Oct 10, 2007, 9:24 pm - Lottery News

Tenn. Lottery CEO claims recent errors didn't hurt salesNews Story
Lottery sponsor questions move to computerized drawings Three recent mistakes made by the Tennessee Lottery have not hurt ticket sales, the lottery's president and CEO said, but the legislator who led the effort to create the lottery questions the lottery's move to computerized drawings. At this point, sales in our products are up, so it hasn't had any impact that we can measure at all, Rebecca Hargrove said Wednesday. We're almost 4 years old, and we've had three incidences, which if t
Oct 7, 2007, 9:26 am - Lottery News

W. Va. video lottery parlors warned to limit adsNews Story
Demand made despite favorable Federal District Court ruling West Virginia video lottery parlors could lose all but one of their machines if they exploit last week's federal ruling that removes limits on the words they can use in advertising, a group representing machine leasing businesses warns. The West Virginia Amusement Limited Video Lottery Association has asked parlor owners, which it also represents, to adhere voluntarily to the ad rules that U.S. District Judge Joseph R. Goodwin d
Oct 4, 2007, 5:45 pm - Lottery News

Will the Michigan Lottery shut down tomorrow?News Story
If the Michigan government shuts down because legislators are unable to agree on a new state budget, the Michigan Lottery will suspend operations at the end of the business day on Sunday. All lottery ticket sales, validations and prize payments will be suspended. Drawings will be held for tickets sold prior to the shutdown. Players with advanced wagers will be able to check their numbers in newspapers and on the Lottery Post Web site, www.lotterypost.com/results/mi. Players with winning ti
Sep 29, 2007, 5:49 pm - Lottery News