Mississippi lottery board adopts rules on ethics and records
The governing board for the upcoming Mississippi Lottery is setting rules for ethics and public records.
It is also taking steps to hire bankers to provide financial services and a person to run day-to-day operations.
Mississippi is one of the last states to create a lottery after legislators voted to do so in August, partly as a way to provide money to pay for roads and bridges.
Republican Gov. Phil Bryant nominated the five lottery corporation board members several months ago, and th ...
Apr 16, 2019, 2:09 pm - Lottery News forum
Florida's biggest Powerball winner sues her own son after winnings squandered
Gloria C. Mackenzie became the largest sole lottery winner in U.S. history in mid-2013 when the then 84-year-old took home about $278 million after taxes on a $590 million Powerball ticket she bought at a Zephyrhills Publix supermarket.
Five years later she sued her son Scott Mackenzie, who was her caretaker and the one who had total control over millions of dollars in winnings, saying he and his investment manager each lived off the money while poorly investing the proceeds, according to her ...
Apr 11, 2019, 4:02 pm - Lottery News forum
Audit of California Lottery finds over $305,000 in improper or dubious spending
California Lottery officials tallied more than $305,000 in improper or questionable spending over the last four years that included travel, food, gifts to employees and entertainment expenses, a state audit concluded Tuesday.
Among the improper expenses, the lottery agency spent $21,666 to give staff logo-branded swag such as T-shirts, backpacks, lip balm and iPad cases, labeling the purchases learning aids and training tools, according to the audit by state Controller Betty Yee.
The finan ...
Apr 11, 2019, 9:32 am - Lottery News forum
No sales tax on Mississippi lottery tickets, but winnings will still be taxed
The Mississippi Legislature is expected to pass a measure clarifying that tickets for state's soon to be rolling lottery are exempt from sales taxes.
But the state tax man will still get his cut on lottery winnings in Mississippi: They will be taxed as income, at the same scaled rate of 3 percent to 5 percent as any other income.
This is a blow to Jackson, where Mayor Chokwe Antar Lumumba had been counting on lottery ticket revenue from a 1-cent sales tax in the city tacked on to the 7-cen ...
Feb 28, 2019, 11:34 am - Lottery News forum
SC officials getting nervous that $1.5 billion Mega Millions winner won't claim prize
Here's how a big money winner could end up being a bit of a money loser for South Carolina.
If in a few weeks no one claims a lottery ticket worth $1.5 billion sold in the Upstate, Palmetto State lawmakers may have less money to spend in the coming fiscal year.
The state expects to collect $61 million in income taxes as its share of the Mega Millions jackpot if the winner opts to take the money as a lump sum.
The winner still has three months to turn over the ticket to state lottery of ...
Jan 23, 2019, 10:36 am - Lottery News forum
Texas Lottery generated more than $100 million in one week from scratch-off ticket sales
The Texas Lottery has, for the first time in its history, sold more than $100 million in scratch ticket sales in just one week. From Dec. 23, 2018 to Dec. 29, 2018, scratch ticket sales totaled $100,776,586, shattering the old record of $99,679,358 achieved in March of 2018.
This is a very special time for the Texas Lottery as we continue to experience unprecedented growth and we are especially thrilled to celebrate this tremendous record week of scratch ticket sales, said Gary Grief, execut ...
Jan 7, 2019, 8:51 am - Lottery News forum
Investigation finds lottery scamming Tipton brothers have repaid virtually nothing
By Jason Clayworth and Rachel Denny Clow
Two brothers who spearheaded the biggest lottery scam in U.S. history have repaid less than $1,400 in restitution despite owning property worth nearly $2 million, a Des Moines Register and Corpus Christi Caller Times investigation has found.
Between them, Eddie and Tommy Tipton have admitted rigging winning drawings in at least five states, including Iowa, worth a combined $24 million.
But they have barely made a dent in the more than $2.4 millio ...
Dec 27, 2018, 8:52 am - Lottery News forum
Lottery is building a better Nebraska
Nebraska Lottery celebrates 25 years
It's been 25 years since Nebraskans began putting a dollar on a dream by purchasing state lottery tickets. A lot has changed since then.
In 1993, there was one Scratch game. Now there are more than 30.
Then, each ticket cost $1. Now Scratch tickets are $1, $2, $3, $5 $10 or $20.
The top prize in 1993 was $5,000. Now the top prizes for Scratch games range up to $200,000.
Neither Mega Millions nor Powerball existed in Nebraska. Now the multi-stat ...
Dec 17, 2018, 9:13 am - Lottery News forum
Iowa Lottery CEO worries about jackpot fatigue
Iowa Lottery CEO Terry Rich says due to recent jackpot runs for Powerball and Mega Millions, Iowa Lottery sales and profits are running about a month ahead of projections.
We're still, per capita, are in the middle in the number of dollars spent per person, Rich says. You go to the east coast, it's probably three or four times per person what they spend on lottery and gaming than what we do in Iowa.
A recent $1.5 billion Mega Millions jackpot was won by a player in South Carolina. A woma ...
Nov 26, 2018, 7:39 pm - Lottery News forum
China lottery corruption probe sparks online outrage
China's government is attempting to downplay social media rumors that lottery administrators have embezzled nearly $20 billion from lottery proceeds.
On Tuesday, the South China Morning Post reported on the frantic efforts by Beijing authorities to refute social media chatter that around RMB136b (US$19.5b) had been embezzled by corrupt lottery administrators. A popular meme blames this corruption for the inability of the average citizen to win a sizable lottery prize.
The meme has its orig ...
Nov 14, 2018, 9:41 am - Lottery News forum