Consultant lays out 'ambitious' vision for Arkansas Lottery
A consultant for the Arkansas Scholarship Lottery envisions ticket sales steadily increasing from $450 million in the current fiscal year to $615 million by fiscal 2021 and net proceeds for scholarships rising from $85 million to $109 million in the same period.
Camelot Global Services' self-described ambitious five-year business plan proposes many changes, including overhauling the portfolio of scratch-off and draw-game tickets, increasing the lottery's $5 million marketing budget to $7.5 mi ...
Mar 13, 2016, 11:33 am - Lottery News forum
NC Lottery tries persuading lawmakers to expand games
North Carolina could collect more money through the state-run lottery if it expanded the number of games offered, Lottery Director Alice Garland told lawmakers Thursday. But such a move would likely have to wait until next year and would have to get past a sizable cadre of conservatives deeply suspicious of any move to expand the games.
If that's a source of revenue other legislators want to pursue, that's out there, Rep. Jason Saine, R-Lincoln, said after the meeting, adding quickly that le ...
Mar 11, 2016, 10:29 am - Lottery News forum
Falling lottery sales pinch college scholarships
The ticket-buying frenzy that erupted over January's $1.6 billion Powerball jackpot wasn't enough to reverse a long-running trend: Proceeds from lottery games aren't keeping pace with the higher education costs they were supposed to pay.
Now lawmakers in at least eight states have made or are considering making dramatic cuts to scholarship programs funded by lotteries. The programs, aimed at opening access to college by providing nearly free tuition, include one at the University of New Mexic ...
Mar 3, 2016, 12:23 pm - Lottery News forum
Virginia Lottery turns over more than a half-billion dollars to education
For just the second time in its history, the Virginia Lottery has delivered more than a half-billion dollars to Virginia's K-12 public schools in a single fiscal year. The Lottery announced today that profits for the 2015 fiscal year totaled nearly $534 million.
It wasn't just education in the Commonwealth that benefited. Players raked in a record $1.1 billion in prizes during the year, and retailers selling Virginia Lottery tickets earned nearly $104 million in commissions a record. Many of ...
Aug 19, 2015, 9:05 am - Lottery News forum
N.J. lawmaker proposes a lottery to pay off student loans
A New Jersey lawmaker says the state should try something novel to help people climb out of all that debt from their college days: set up a lottery in which the winning tickets pay off student loans.
State Assemblyman John Burzichelli (D-Gloucester) on Monday introduced legislation (A4631) that would make New Jersey the first state in the country to establish a lottery in which the winnings would go exclusively to college debt.
Any vehicle that could provide some relief it seems to me it ...
Jul 7, 2015, 11:27 am - Lottery News forum
Arkansas Lottery marks 5th anniversary
With over 150,000 Arkansas students awarded almost half a billion dollars in lottery-funded Academic Challenge Scholarships, the Arkansas Scholarship Lottery is celebrating five full years of big wins and big opportunities as an engine for higher education and an educated, higher-earning workforce.
Before that first ticket was bought at 12:01 a.m. on September 28, 2009, we could only guess at what this lottery could do for our state, Arkansas Scholarship Lottery Director Bishop Woosley said. ...
Oct 7, 2014, 9:25 am - Lottery News forum
Governor revamps Missouri Lottery Commission
Gov. Jay Nixon replaced most of the members of the Missouri Lottery Commission on Thursday as he released a report recommending the agency review its policies on prizes and advertising in a quest to route more money to education.
The shake-up in oversight at the Missouri Lottery comes after it posted record sales during the past budget year yet transferred less money to education than it had in the previous year.
Nixon in July had directed his state budget office to review the lottery's op ...
Sep 19, 2014, 8:21 am - Lottery News forum
Kentucky Lottery finally able to advertise where the money goes
Required change in state law
Includes video report
For the first time in its 25 year history, the Kentucky Lottery is advertising where proceeds from the sale of its games are spent.
This has never happened before because, until recently, it would've been against the law.
When the state's General Assembly put together the governing legislation for the Kentucky Lottery back in 1989, a floor amendment was passed which stated, ...government programs and services shall not be mentioned i ...
Aug 27, 2014, 9:02 am - Lottery News forum
More people playing, winning in SC Lottery
The South Carolina Education Lottery announced Monday it set records for ticket sales and the amount of money raised for education in the last fiscal year. It also set records for the amount of prize money paid out and the commissions paid to lottery retailers.
Lottery revenue was more than $1.26 billion for the year. Ticket sales grew by $66 million, which meant the amount that got deposited into the lottery's education account was $323.4 million, or $23 million more than the previous year.
Aug 5, 2014, 9:57 am - Lottery News forum
Is it game over for the Texas Lottery?
Some Texas lawmakers say it may be time to scratch out the lottery.
More than two decades after Texas voters legalized the game of chance in the state, a group of lawmakers will soon start reviewing whether to end at multibillion-dollar industry that pumps more than $1 billion a year into schools.
Critics say they fear that the game financially hurts some of the most vulnerable Texans and doesn't do enough to help the state. Supporters disagree and question where $1 billion a year can be f ...
Aug 2, 2014, 8:31 pm - Lottery News forum