N.M. lottery celebrates anniversary, tackles challenges
Amid revenue shortfall, officials launch new campaign to boost ticket sales
New Mexico Lottery officials this month are celebrating the 15th birthday of the lottery program with a special anniversary scratcher ticket and a new ad campaign.
Amid a revenue shortfall and the possibility that the lottery's scholarship money could be out of cash by 2014, the celebration is bittersweet.
This is a new era for us because we don't know how many people are going to play the lottery from now on, ...
Apr 25, 2011, 7:27 am - Lottery News forum
NY Lottery contributed $2.6 billion to education
Includes video report
By Todd Northrop
With recent media attention focused on soaring Mega Millions sales, many people are curious how the lottery proceeds are divided and spent.
WNYT in New York asked the New York Lottery, and contacted several local school districts, to follow the trail of money from players' pockets to textbooks and commissions.
Last year lottery sales in New York State totaled more than $7.8 billion, of which $2.6 billion went to education funding.
The $2.6 bi ...
Apr 4, 2011, 8:36 am - Lottery News forum
Ark. Lottery panel votes for changes to unclaimed prize money
The legislative Lottery Oversight Committee voted today to recommend a fix for a 2010 law change that Arkansas lottery officials say hampers their ability to maximize ticket sales.
During last year's fiscal session, the Legislature changed the state lottery law to add unclaimed prize money to net profits.
Lottery Director Ernie Passailaigue said after the session that the change meant the lottery could not use some of the unclaimed money on efforts to boost prizes and sales in response to ...
Feb 16, 2011, 10:50 pm - Lottery News forum
N.M. acts to save Lottery scholarship fund
A lottery-financed college scholarship program is running out of money, and lawmakers are looking for a fix that won't hamper efforts to encourage young New Mexicans to attend universities and colleges in the state.
The scholarship fund could be depleted by 2014 if nothing is done in the Legislature this session and tuition rates continue to rise sharply, according to the latest state projections.
The Senate Education Committee unanimously endorsed a measure Wednesday that would shore up t ...
Feb 11, 2011, 9:30 am - Lottery News forum
Tenn. Lottery scholarships underfunded
The Tennessee Lottery games aren't generating enough money to pay for all of the Hope Scholarships. Now, lawmakers are putting options together that could make it tougher for students to get a scholarship in the future.
More students than ever are eligible to receive the annual $4,000 Hope Scholarship. A special task force has been analyzing the problem for the last year. Lawmakers say they don't want to impact any current scholarships and break promises to students.
That's part of their ...
Jan 19, 2011, 7:44 am - Lottery News forum
Arkansas Lottery may not be able to meet scholarship demands
Panel considered reducing scholarship amounts
The legislative committee that oversees the state lottery yesterday considered, but ultimately tabled, a proposal to recommend reducing lottery scholarship amounts by 10 percent for the second class of lottery recipients.
Last year the Legislature set the amount for the first group of lottery recipients at $5,000 per year to attend a four-year school and $2,500 per year to attend a two-year school.
Rep. Barry Hyde, D-North Little Rock, co-ch ...
Dec 31, 2010, 10:48 am - Lottery News forum
Most Kentucky Lottery players don't know where the money goes
Kentucky is only state with odd law that prohibits advertising where funds go
Since its inception, the Kentucky Lottery has taken in $12.5 billion. A recent study said most people in the commonwealth have no idea where that money goes.
A local TV station has been investigating how much of that Powerball cash actually goes to Kentucky.
Kentucky Lottery officials believe they could be taking in more money if Kentuckians were better informed about lottery proceeds, but state law is prevent ...
Oct 29, 2010, 9:53 am - Lottery News forum
N.C. Lottery increases prize percentage
Critics decry smaller education 'slice of pie'
Like or loathe the state lottery, there's no question the total amount it generates for education keeps growing. One thing that isn't growing, however, is the percentage that goes to schools. The funding formula keeps changing.
Since its inception, state lawmakers and lottery leaders tweaked the funding formula in an effort to increase ticket sales.
A new report from the nonprofit watchdog group North Carolina Policy Watch shows just how mu ...
Sep 26, 2010, 11:12 am - Lottery News forum
TN lottery scholarships safe from cuts
UT study shows shortfall is less than previously projected
The dollar shortfall between Tennessee lottery revenue and the scholarship programs it funds is much less than previously projected, a study shows, indicating that lottery scholarships won't have to be cut or made harder to get.
The Commercial Appeal of Memphis reported that the study by the University of Tennessee Center for Business and Economic Research was presented this week at the Lottery Scholarship Stabilization Task Force' ...
Aug 19, 2010, 10:19 am - Lottery News forum
Georgia Lottery profits up in 2010
Another good year for the Georgia Lottery meant more money for the state's pre-kindergarten and HOPE college scholarship programs, but it isn't enough to keep state officials from worrying about HOPE's future.
The Georgia Lottery Corp. announced Wednesday that profits increased again during the 2010 fiscal year providing a dozen consecutive years of growth.
As a result, the lottery increased its payments to the popular pre-k and HOPE programs. During the 2010 fiscal year, which ended June ...
Jul 14, 2010, 9:21 pm - Lottery News forum