Search

N.J. looks to be first in nation with online lottery salesNews Story
Retailers worried about loss of revenue, store traffic For Tushar Patel, every $1 lottery ticket he sells at his Pantry 1 Food Market in Hammonton yields more than the 5-cent commission he gets from New Jersey. Patel said he makes more from the other purchases of customers who visit the store for lottery tickets. Eighty (percent) to 90 percent of the people who play the lottery here buy coffee and other things, Patel said. The state lottery posted record sales exceeding $2.6 billion
Jan 28, 2011, 8:30 pm - Lottery News

Tenn. Lottery scholarships underfundedNews Story
The Tennessee Lottery games aren't generating enough money to pay for all of the Hope Scholarships. Now, lawmakers are putting options together that could make it tougher for students to get a scholarship in the future. More students than ever are eligible to receive the annual $4,000 Hope Scholarship. A special task force has been analyzing the problem for the last year. Lawmakers say they don't want to impact any current scholarships and break promises to students. That's part of their
Jan 19, 2011, 7:44 am - Lottery News

Electronic NJ lottery ticket plan advancesNews Story
Legislation that would allow people to buy New Jersey lottery tickets on the Internet and by other electronic means continues to advance in the state Assembly. The Regulatory Oversight and Gaming Committee approved the measure this month and referred it to the chamber's Appropriations Committee, which hasn't yet scheduled a hearing on it. The legislation would require state lottery officials to implement a system that would allow people to buy tickets via the Internet, e-mail, text messaging
Dec 20, 2010, 7:28 am - Lottery News

Harry Reid pushing to legalize online poker for American casinos, horse tracksNews Story
Senator Harry Reid (D-Nev.) is reportedly taking a gamble that would change up the online poker industry. The popular game may soon be run on the web by casinos in Nevada and across the United States, thanks to legislation being floated by the Nevada senators' staffers, the Wall Street Journal reported. American financial institutions were banned from processing online gambling transactions in 2006, costing the industry billions in what has been a rapidly-growing American addiction worth $
Dec 8, 2010, 7:58 am - Lottery News

Most Kentucky Lottery players don't know where the money goesNews Story
Kentucky is only state with odd law that prohibits advertising where funds go Since its inception, the Kentucky Lottery has taken in $12.5 billion. A recent study said most people in the commonwealth have no idea where that money goes. A local TV station has been investigating how much of that Powerball cash actually goes to Kentucky. Kentucky Lottery officials believe they could be taking in more money if Kentuckians were better informed about lottery proceeds, but state law is prevent
Oct 29, 2010, 9:52 am - Lottery News

Lottery bill could limit winner's takeNews Story
Michigan welfare recipients couldn't claim major prizes Michigan lawmakers are being asked to prevent any person receiving welfare from winning major Michigan State Lottery prizes, and the idea has area residents and business people at odds. If signed into law, the proposed legislation would prohibit a person getting welfare, food stamps or Medicaid from collecting a lottery prize of more than $600. If the prize were larger, the portion not paid to the winner would go to the state School A
Oct 20, 2010, 8:17 am - Lottery News

Federal online gambling legislation clears big hurdleNews Story
Maybe there are some teeth in the push for legalization and sensible federal regulation of the Internet gambling industry after all. Sponsored by Rep. Barney Frank (D-Mass.) chairman of the House Financial Services Committee HR 2267 is a bill designed to establish federal oversight of an online gambling industry that currently resides in murky legal waters for U.S. players. It passed overwhelmingly 41-22 via committee vote last week, advancing the legislation to the House floor, where it h
Aug 7, 2010, 10:23 pm - Lottery News

Congress rethinks its ban on Internet gamblingNews Story
With pressure mounting on the federal government to find new revenues, Congress is considering legalizing, and taxing, an activity it banned just four years ago: Internet gambling. On Wednesday, the House Financial Services Committee approved a bill that would effectively legalize online poker and other nonsports betting, overturning a 2006 federal ban that critics say merely drove Web-based casinos offshore. The bill would direct the Treasury Department to license and regulate Internet ga
Jul 30, 2010, 6:37 pm - Lottery News

Increased California Lottery payouts spur salesNews Story
Californians who play lottery Scratcher games have apparently noticed a new and not unwelcome change in the way some of the games are structured: They win more. As a result, they're playing more. Scratcher sales leaped by $55 million in June, the first month that a new law allowed lottery officials to increase the percentage of revenues returned in prize money. Officials are confident that trend will continue. In its budget for the fiscal year that began July 1, the Lottery Commission p
Jul 6, 2010, 9:03 am - Lottery News

N.C. Senate approves Internet sweepstakes banNews Story
The North Carolina Senate overwhelmingly approved legislation Monday to shutter hundreds of new businesses that bill supporters argue are offering just another form of illegal video poker where people buy phone or Internet time, then play games on computer screens to win cash and prizes. By a vote of 47-1, the chamber continued its long history of opposing video gambling, this time through electronic and computer-based devices springing up at new sweepstakes cafes or business centers. Nor
Jun 22, 2010, 9:40 am - Lottery News