Senator says Tenn. lottery scholarship fund in trouble
Tennessee Senate Minority Leader Jim Kyle, D-Memphis, is urging lawmakers to deal with the state's insolvent lottery-funded college scholarship fund.
Sen. Kyle's comment came after a Senate panel refused to adopt his plan to plug a $13 million program shortfall.
This is the first step to reducing scholarships and denying accessibility for thousands of Tennessee students who depend on the lottery scholarship as their sole opportunity to attend college, Sen. Kyle said in a news release Thur ...
Apr 9, 2010, 9:18 am - Lottery News forum
New games send lottery sales soaring
Tennessee lottery officials say sales are surging because of two new games: Mega Millions and Millionaire Jumbo Bucks.
Ticket sales last week were the third highest, $30.8 million, since the lottery began more than six years ago.
Mega Millions is the state's second mega-jackpot game. Millionaire Jumbo Bucks is an instant-ticket game with top prizes of $1 million.
After five days of sales, Millionaire Jumbo Bucks players had won more than $3.5 million in prizes.
Last week's sales were ...
Feb 12, 2010, 8:19 am - Lottery News forum
Tenn. lottery scholarships outstrip revenue; day of reckoning looms
A day of reckoning is coming for students and parents over Tennessee's lottery scholarships that could result in tightened eligibility, reduced scholarship awards or both.
After more than five years of steadily expanded eligibility and grant amounts, the annual cost of the program is outstripping the net revenue produced by the lottery.
If no action is taken, that funding gap is now expected to overtake the lottery reserves some $385 million built up in the lottery's booming early years an ...
Dec 21, 2009, 9:54 am - Lottery News forum
Computerized lottery drawings not problem-free
MUSL director Strutt says Small group of players don't like them
Passailaigue says players superstitious, spooked by changes in draw format
Arkansas lottery officials say their decision to use a computer to generate winning numbers when lottery games start this fall makes economic sense, but the use of computerized drawings by lotteries in other states has not been free of problems.
In July 2007, the Tennessee Education Lottery moved to save costs by doing away with its televised drawi ...
Aug 10, 2009, 9:22 am - Lottery News forum
Titans, Tenn. Lottery team up for new instant game
Count the Titans among the NFL teams partnering with state lotteries.
The Titans and the Tennessee Lottery will announce their partnership today. The deal gives lottery players an opportunity to win prizes including season tickets, cash up to $100,000 and team memorabilia.
The NFL began allowing its teams to partner with state lotteries in May.
The Titans logo will be featured on the instant scratch-off tickets. The blue and red instant ticket, which features 15 Titan helmets, offers a ...
Jul 31, 2009, 11:51 am - Lottery News forum
Tenn. Lottery's Hargrove named chair of the Powerball Group
Rebecca Hargrove, president and CEO of the Tennessee Education Lottery, earlier this month was named Chair of the Powerball Group of the Multi-State Lottery Association.
In the position announced July 10, Hargrove will oversee the management and marketing of the brand, its budget, its rules and new membership.
A 24-year lottery industry veteran, Hargrove has served as the chief executive of four U.S. lotteries and was hired in 2003 to launch Tennessee's lottery.
The Multi-State Lottery ...
Jul 29, 2009, 12:16 pm - Lottery News forum
Tennessee Lottery shortfall requires reserves
$10 million needed to fully fund scholarship grants for students
Are computerized drawings hurting sales? Will the Tennessee Lottery bring back real ball drawings? Why is Powerball always blamed for poor financial showing in Tennessee?
The state of Tennessee probably will have to pull about $10 million from reserves to keep lottery scholarships fully funded this year, budget officials said after reporting a revenue shortfall last week.
State Budget Director Bill Bradley said the state w ...
May 4, 2009, 6:35 pm - Lottery News forum
Bill limiting lottery prizes of people on public aid fails
See previous story at www.lotterypost.com/news/191985.
A proposal that would limit Tennessee lottery winners on state or federal assistance to $600 failed in the House State Government Subcommittee.
The measure sponsored by Rep. Stacey Campfield, a Knoxville Republican, failed Wednesday for lack of a second.
Campfield says people receiving assistance should not be spending money on lottery tickets, but rather on education or to put food in their children's mouths.
The proposal would ...
Apr 28, 2009, 10:57 pm - Lottery News forum
Tennessee may cap lottery winnings at $600 for poor
The Tennessee Legislature is considering a bill that could end up making life more difficult for the poor or could help them, depending on your point of view.
The bill at the center of the issue is scheduled to be discussed at a committee hearing Wednesday. It would prohibit anyone receiving state or federal assistance, sometimes called welfare, from winning $600 or more in the state lottery.
The bill's sponsor, Rep. Stacey Campfield (Knoxville), said that if someone can't afford the basic ...
Apr 7, 2009, 11:31 pm - Lottery News forum
Million-dollar winner remains frugal after windfall
You often hear about money-crazed lottery winners going out and blowing their big wad of money on wild, over-the-top stuff.
But not Tiffany Weightman, the lucky, level-headed Murfreesboro lady who won a cool million with a scratch-off lottery ticket at a Mapco Express just about a month ago.
When you dream about winning a million dollars, you say I'm going to have a mansion and I'm going to get a BMW and all that, but when you win, it's reality,'' she said.
You realize that all of tha ...
Mar 31, 2009, 8:52 pm - Lottery News forum