N.M. Lottery chief wants to scrap earmark for education
The head of the New Mexico Lottery says his organization could provide more money for students if the Legislature scrapped a requirement pledging 30 percent of ticket sales to college scholarships.
David Barden, chief executive officer of the lottery, said eliminating the requirement would allow for larger cash prizes and higher-priced lottery tickets, such as a $20 model. In the long run, Barden said, that change would pay off with more money from the lottery going to the college scholarship ...
Oct 3, 2016, 7:49 am - Lottery News forum
Details emerge about Alabama Gov.'s lottery vision
Governor Robert Bentley said money from a possible Alabama lottery would not fund education, but he's still optimistic voters will approve it.
The Governor provided some details about his plans for this month's special session at a visit to local media outlet WBRC. He's hoping legislators will green light a November ballot initiative, giving Alabama voters another chance to approve a statewide lottery. A similar measure was voted down in 1999. Bentley admitted he was among those who voted aga ...
Aug 3, 2016, 9:40 am - Lottery News forum
Georgia Lottery transfers record-breaking $1.097B to education
The Georgia Lottery has transferred a record-breaking $1,097,567,000 to education for the 2016 fiscal year.
Lottery officials said this is the first time the Georgia Lottery has transferred more than $1 billion in a single fiscal year, and it is the largest educational transfer in the lottery's 23-year history.
We appreciate the commitment from our dedicated lottery and COAM retailers, players, vendor partners and employees. We are grateful to our board of directors for their leadership a ...
Jul 21, 2016, 6:19 am - Lottery News forum
Online sales fuel increase in Michigan Lottery revenue
Since it began in Michigan last Thanksgiving, Internet lottery sales have mushroomed along with the number of players using their smartphones and personal computers to play.
In November 2015, the State Lottery Bureau, without fanfare, moved into the Internet gaming market, making it easier for players to bet from home instead of driving to the nearest lottery store to place a wager.
At the outset there were about 86,000 players who registered with the state for the Internet games.
The n ...
Jun 21, 2016, 2:09 pm - Lottery News forum
Texas Lottery on track to crush sales record
With three more months still remaining in the fiscal year, the Texas Lottery has already generated $1,019,639,473 in revenue for the state of Texas. This is the 13th consecutive year the Texas Lottery has contributed more than $1 billion in revenue to the state in the lottery's 24-year history.
This is by far the earliest in the fiscal year that the Texas Lottery has passed the $1 billion revenue mark, said Gary Grief, executive director of the Texas Lottery. With phenomenal scratch ticket s ...
Jun 15, 2016, 8:42 am - Lottery News forum
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