Wyoming Lottery earns high marks in audit of first year
Independent auditors found no major financial issues with how the Wyoming Lottery operated during its first year of ticket sales.
The board of directors of the Wyoming Lottery Corp. received results of the audit by Cheyenne-based McGee, Hearne Paiz during a meeting Monday.
Board chairman Mark Macy said the lottery seemed to be right on track or at least not significantly off on how our operations were conducted.
The audit noted a couple of minor accounting issues that lottery CEO Jon C ...
Nov 4, 2015, 9:05 am - Lottery News forum
Ohio Lottery to conduct review of operations
Not a move to privatization, officials say
State officials say there are no plans to privatize the Ohio Lottery Commission amid a pending top-to-bottom review of its management and a document holding out privatized state lotteries as models of interest.
A state request for proposals issued on Aug. 24 seeks a consultant to conduct a comprehensive review of the lottery and recommend ways to contain costs and maximize profits, which largely are routed to public schools.
One part of the do ...
Sep 3, 2015, 7:39 am - Lottery News forum
China reveals misuse of $2.7 billion in lottery funds
China has uncovered widespread misappropriation of 16.9 billion yuan (US$2.72 billion) of funds from its state lottery program, underscoring the extent of official corruption as the country tries to root out graft.
Funds were misappropriated through the buying and building of office buildings and hotels or embezzled, the National Audit Office said in a report on its website.
The state auditor said the irregularities accounted for a quarter of the total of lottery funds received in its 2012 ...
Jun 25, 2015, 8:12 am - Lottery News forum
Dozens of 'dead people' collected NJ lottery prizes last year
Nearly four dozen New Jersey lottery winners collected their prizes with false Social Security numbers belonging to dead people, according to an audit of the state lottery system.
The audit also found that the lottery missed out on recovering $890,000 that winners owed in taxes and other obligations for the fiscal year that ended last June.
The report, released Wednesday, said 680 people who won at least $600 presented potentially invalid IDs from July 2013 to July 2014.
People are requ ...
Feb 19, 2015, 4:32 pm - Lottery News forum
NJ lottery winners still receiving welfare, food stamps, audit says
An audit sniffing out fraud in New Jersey's Supplemental Nutrition Assistance Program detected 66 lottery winners who were perhaps too lucky. They were all welfare and food stamps beneficiaries who had each won more than $10,000, including one person who had been collecting $1,000 a week from the Win for Life scratch-off game prior to 2009.
Ten other winners netted more than $100,000 in lottery proceeds from 2011 to 2013. All of them were still collecting food stamps this year, according to t ...
Dec 6, 2014, 2:52 pm - Lottery News forum
Audit: Stores buying Michigan lottery tickets from players
Some Michigan stores that sell lottery tickets are hitting the jackpot by buying winning tickets from desperate players at a discount, according to auditors who are urging a crackdown on the illegal practice.
Lottery players who owe back taxes or other debts don't want the state to learn their identity. So they're probably selling winning tickets back to retailers for less than what they're worth, the audit found.
An audit released Tuesday said 37 store owners turned in winning tickets wor ...
Nov 18, 2014, 10:13 pm - Lottery News forum
Missouri Gov. orders review of Lottery operations
Missouri Gov. Jay Nixon has asked the state Office of Administration to carry out a comprehensive review of the Missouri Lottery's operations.
The lottery posted more than $1.14 billion in sales last year, according to unaudited figures, but its $267.3 million profit (which goes to education funding) was $31 million short of its goal and was below 2006 totals when adjusted for inflation.
The governor cited declining lottery and casino revenue in his decision to withhold $35 million of educ ...
Jul 24, 2014, 10:13 am - Lottery News forum
Audit: Florida lottery department keeps shaky records
The agency overseeing the Florida lottery doesn't exactly have the winning ticket when it comes to keeping track of its taxpayer-funded property.
At least, that's the conclusion of a review conducted by the office of the state auditor general, David W. Martin.
Auditors used the Florida Department of the Lottery's own records, and determined that as of July 31, 2013, millions of dollars in public property purchased and used by the department was poorly accounted for. As a result, officials ...
Jun 18, 2014, 5:06 pm - Lottery News forum
Wisconsin lottery auditors don't like branded scratch games
The Wisconsin Lottery is raking in record profits and that in turn benefits taxpayers.
That was a key selling point when the lottery was approved, that some of the gambling sales would go to reduce property taxes.
But state auditors think taxpayers could benefit even more.
If you have an itch to play the lottery, the Wisconsin Lottery has a dizzying array of games to choose from. But the state's audit bureau says games requiring a licensing fee are not a good gamble for the state.
Jul 26, 2013, 9:48 am - Lottery News forum
Audit finds 'ticket cashers' remain problem for Mass Lottery
Allow winners to avoid paying taxes, support
The Massachusetts State Lottery continues to have a widespread problem with ticket-cashers'' who claim prizes valued at millions of dollars, apparently allowing the actual winners to avoid taxes on their winnings, the state auditor said yesterday.
An audit released yesterday, as well as prior reports, found numerous instances in which certain people were claiming hundreds of prizes worth millions of dollars,'' State Auditor A. Joseph DeNucci's o ...
Dec 23, 2010, 4:50 pm - Lottery News forum