Kentucky Lottery and legislature tussle over cash reserves
Straining to find hidden money within state government's bureaucracy to balance a tight state budget two years ago, the Kentucky Senate discovered about $16.9 million in unrestricted reserves held by the Kentucky Lottery Corp.
Senators concluded the lottery didn't need that much in reserve and put into the budget bill a directive that in addition to the normal flow of dividends the lottery sends to the state the lottery transfer $11 million to the general fund by June 30.
But, in a rare de ...
Sep 2, 2015, 7:39 am - Lottery News forum
Illinois Lottery not paying big winners because state legislature won't pass budget
After years of struggling financially, Susan Rick thought things were looking up when her boyfriend won $250,000 from the Illinois Lottery last month. She could stop working seven days a week, maybe fix up the house and take a trip to Minnesota to visit her daughter.
But because Illinois lawmakers have not passed a budget, she and her boyfriend, Danny Chasteen, got an IOU from the lottery instead.
For the first time, we were finally gonna get a break, said Rick, who lives in Oglesby. And ...
Aug 28, 2015, 4:51 pm - Lottery News forum
N.C. legislators look to expand lottery
Lawmakers in Raleigh are looking to place bets on the state lottery once again as a source of more money for education programs across North Carolina.
House and Senate budget negotiators are working on a plan, already adopted by the state Senate, that would significantly increase advertising of the lottery's scratch-off and other offerings, including the Powerball and Mega Millions jackpot games. Another part of the plan, also backed by the Senate: Making a version of instant tickets availabl ...
Aug 22, 2015, 10:07 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
Alabama Gov. compares lottery to leisure suits
Alabama Gov. Robert Bentley took his campaign for tax increases and budget reform to the Bessemer Chamber of Commerce today, where he was asked about whether he's concerned that Alabamians buy lottery tickets in other states.
Bentley indicated an Alabama lottery would not be the budget booster that some people think.
Now listen folks, the lottery is like leisure suits, the governor said. We're about 30 years behind.
Three neighboring states, Georgia, Florida and Tennessee, already hav ...
Aug 2, 2015, 11:37 am - Lottery News forum
Scratch-off games propel Ohio Lottery to record sales
Like other state lotteries have recently reported, the Ohio Lottery has managed to increase its sales to record levels in the past year, despite a sharp downturn in multi-state lottery sales, through an emphasis on scratch-off ticket sales.
The Ohio Lottery Commission sold $1.55 billion in instant scratch-off lottery tickets in the fiscal year ending June 30, which was $123.3 million, or 8.6 percent, more than the previous year, according to annual, unaudited sales figures released on Thursda ...
Jul 10, 2015, 3:02 pm - Lottery News forum
Scratch-off tickets push Florida Lottery to record sales
Floridians with dreams of instant payoffs are generating record scratch for the Florida Lottery.
Lottery revenues for the fiscal year ending June 30 are up $180 million over last year, reaching a record $5.58 billion, with two-thirds of that money via scratch-offs.
The state sold $3.7 billion in scratch-off tickets this year, compared with $3.4 billion in 2013-14. That more than offset a drop of about $120 million in Powerball, Florida Lotto and other games.
Scratch-offs accounted for 6 ...
Jul 3, 2015, 7:46 am - Lottery News forum
Mass Lottery to announce record sales
The Massachusetts Lottery is expected to break a sales record this year for the fourth year in a row, the lottery executive director said Tuesday.
As of Saturday, the lottery had tallied $4.973 billion in sales, said Beth Bresnahan. She said the final sales total would be just shy of $5 billion when the fiscal year ends at midnight tonight.
The lottery posted sales of $4.741 billion in fiscal 2012, $4.85 billion in fiscal 2013, and $4.863 billion in fiscal 2014.
Profit this year is expe ...
Jun 30, 2015, 4:13 pm - Lottery News forum
Arkansas Lottery sales director to resign
The Arkansas Scholarship Lottery's director of sales was given a choice Monday resignation or termination.
Lottery Director Bishop Woosley confirmed Monday that Robert Stebbins, who has been with the Arkansas Scholarship Lottery as the group's director of sales since its start, is no longer working for the program.
Woosley said early Monday night that Stebbins was told he'd be fired if he didn't quit, but Woosley said he doesn't know which option Stebbins will take.
There was no answer ...
Jun 30, 2015, 10:11 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