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Despite strong opposition, Indiana moves ahead with selling lotteryNews Story
Indiana is considering a Wall Street investment firm to help it pull together a plan to lease the Hoosier Lottery, despite legislative skepticism that could kill the deal. Gov. Mitch Daniels said Friday the administration is negotiating a contract with Morgan Stanley to test the market. A similar contract with Goldman Sachs Co. to market the Indiana Toll Road last year was worth about $20 million. The Toll Road eventually was leased for 75 years for $3.8 billion, and the state has esti
Jan 23, 2007, 10:45 am - Lottery News

Illinois Is Putting Lottery on Block for Quick PayoffNews Story
The state of Illinois yesterday took the first steps in selling its state lottery system, hoping to attract as much as $10 billion from investors who, in return, would own a monopoly that could turn out to be the biggest jackpot yet. The sale, which may occur as early as the spring, would not be the first privatization of public property - both Chicago and Indiana have recently earned billions of dollars by signing long-term leases with private companies to run toll roads. But the proposed l
Jan 23, 2007, 8:11 am - Lottery News

Bill to outsource Indiana Lottery bans keno, video pokerNews Story
Many upset over Governor's plan to 'sell the Lottery' A bill that would allow Gov. Mitch Daniels to outsource the Hoosier Lottery would prohibit a private operator from offering keno, video lottery games, pari-mutuel wagering on horses or dogs and games based on winners of races or other sporting events. Sen. James Merritt, R-Indianapolis, filed the bill Thursday on behalf of the administration but said he was allowed to put his own principles in it and was not in favor of such gambling ex
Jan 19, 2007, 12:00 pm - Lottery News

N.J. is next state to consider bad election lottery ideaNews Story
By Charles Paolino Home News Tribune, New Jersey Who wants to be a millionaire? That's the question Assemblyman Patrick Diegnan wants to ask potential voters or, at least, that's one way to express the theme of a bill he's proposing in the state Legislature. Diegnan, a Democrat representing the 18th District, is one of two legislators suggesting that a lottery be held each year on Dec. 31 for a million-dollar prize to be awarded a registered voter who cast a ballot that year in a pri
Jan 15, 2007, 1:42 pm - Lottery News

Indiana Gov. wants to sell lotteryNews Story
As details continued to leak out Wednesday about Indiana Gov. Mitch Daniels' plan to privatize the Hoosier Lottery, reaction from area lawmakers was less than encouraging. Daniels is expected to unveil the proposal which would likely raise money for higher education at 11 a.m. today. Wells County Republican Rep. Jeff Espich was briefed on the idea a few weeks ago along with other key lawmakers. His understanding of the plan was to entice a private entity to run the lottery in exchan
Dec 14, 2006, 8:18 am - Lottery News

Despite dire predictions, Net gambling not changed by new U.S. lawNews Story
John Brokopp Courier-News When President George W. Bush signed the Unlawful Internet Gambling Enforcement Act in October, many reports gave the impression it sounded like the death knell for the multibillion-dollar Web-based gambling industry. On the contrary, all it did was strictly regulate the process by which funds are transferred from users of the sites to the offshore companies which own and operate them. The practice itself wasn't declared illegal. Reputable foreign companies wh
Dec 8, 2006, 10:56 am - Lottery News

S.C. only state with no lottery sales on Election DayNews Story
Reason for the law is unclear South Carolinians can pick politicians and decide a slew of state issues Tuesday, but they can't elect to buy a lottery ticket or a bottle of booze. State law prohibits the sale of both on statewide election days. While a ban on selling liquor isn't unique to South Carolina, it is very likely that shutting down the state lottery is. And the reason lottery tickets are forbidden isn't nearly as clear as a banned bottle of vodka. I think we're the only sta
Nov 7, 2006, 1:24 pm - Lottery News

U.S. legislation likely just a speed bump for online gamblingNews Story
A U.S. law aimed at cracking down on Internet gambling may drive the practice more into the shadows and do little to deter bettors It was getting late on Oct. 12, the night before a sweeping anti-Internet gambling bill would be signed into law. Paul McGuire was at his computer, enjoying one last hurrah on PartyPoker, a site that had pledged to kick off all U.S. users as soon as the law left President Bush's desk. It was kind of like that last party before summer ends when you've got to go ba
Oct 19, 2006, 3:59 pm - Lottery News

Criminal probe sought in award of NJ Lottery contractNews Story
A New Jersey Assembly Democrat has asked for a criminal investigation into the role a Republican assemblywoman and her former lobbying firm played in helping the state's lottery operator gain a new contract despite bidding nearly $32 million more than a competitor. Assemblyman Reed Gusciora, D-Princeton, sent a letter Sept. 29 to Gregory A. Paw, director of the state Division of Criminal Justice, asking for an investigation to determine whether Assemblywoman Jennifer Beck, R-Red Bank, and her
Oct 10, 2006, 9:03 am - Lottery News

Britain may become the online gambling capitalNews Story
Britain may bring in legislation allowing London-listed Internet gambling companies to move their headquarters to Britain, taking advantage of the United States legislature's faulty attempts to ban the popular online activity. Plans to turn Britain into a world leader in internet gambling have been drawn up by ministers, according to internal Whitehall documents. In stark contrast to America, where online gambling has in effect been outlawed, ministers want to attract offshore companies
Oct 8, 2006, 3:20 pm - Lottery News