Welcome Guest
( Log In | Register )
The time is now 7:29 pm
You last visited May 20, 2019, 7:28 pm
All times shown are
Eastern Time (GMT-5:00)

Search

Search for news stories tagged with the keyword you specify
Search
See all tags:Tag Cloud
TagResults 1 - 10 of 741 for financials. (0.06 seconds)

World Lottery Association president urges veto of warning labels
Florida's first lottery secretary called on Gov. Ron DeSantis to veto legislation placing warning labels on tickets. Rebecca Paul Hargrove, now president of the World Lottery Association, said Florida could set an unfortunate precedent. Should the bill (HB 629) become law, it could hurt lottery-funded programs nationwide. The instant scratch-off games have been around for over 45 years, and sales of these games continue to grow every year, Hargrove wrote in a letter to DeSantis, but more ...
Today, 9:45 am - Lottery News forum

New York Lottery first in U.S. to crack the $10 billion mark in sales
The New York Lottery had a pretty good year. The state's traditional lottery and video lottery gaming operations became the first in the nation to top the $10 billion mark in combined sales and net win, which is the earnings after winners are paid. The New York Lottery, the largest and most profitable in the country, recorded $8.2 billion in sales for the state fiscal year that ended March 31, 2019, the New York Gaming Commission announced in a news release this week. That includes sales f ...
May 15, 2019, 7:54 am - Lottery News forum

New lottery agreement with private operator Northstar expected to save NJ up to $100M
New Jersey government officials have renegotiated a contract with the private operator of the New Jersey Lottery that is expected to save taxpayers up to $100 million over the next decade. The new agreement raises the performance targets for Northstar New Jersey, a gaming conglomerate which has struggled to meet its financial promises to the state while also reaping tens of millions of dollars each year in incentives and fees. It had promised to generate at least $1.4 billion for the state ov ...
May 14, 2019, 11:38 am - Lottery News forum

Nearly $10 million in Louisiana Lottery winnings go unclaimed every year
An unclaimed $1 million lottery ticket sold at a gas station near North Rampart Street in August, 2018 just expired in February, but there are millions of dollars in unclaimed prizes still up for grabs. The odds of winning the Louisiana Lotto is 1-in-3.8 million, but you don't have to win the jackpot to get a hefty pay out. We've had four winners this year, and one of them is for $10,000 and no one has claimed it yet, Richard Tallo, owner of Carwash Depot in Ponchatoula, said. Tallo is ...
May 13, 2019, 7:51 am - Lottery News forum

Lottery-scamming brothers avoid asset seizures by transferring property to their mother
By Jason Clayworth Two brothers who were behind the largest lottery scam in U.S. history and owe more than $2.3 million in unpaid restitution and court fees recently transferred several properties they owned to their mother. The transfers from Eddie and Tommy Tipton have raised further questions about why four states Oklahoma, Kansas, Wisconsin and Colorado have yet to seize their properties. It has been about two years since the brothers admitted their role in a scam that hijacked lott ...
Apr 29, 2019, 9:50 pm - Lottery News forum

Mississippi lottery board adopts rules on ethics and records
The governing board for the upcoming Mississippi Lottery is setting rules for ethics and public records. It is also taking steps to hire bankers to provide financial services and a person to run day-to-day operations. Mississippi is one of the last states to create a lottery after legislators voted to do so in August, partly as a way to provide money to pay for roads and bridges. Republican Gov. Phil Bryant nominated the five lottery corporation board members several months ago, and th ...
Apr 16, 2019, 2:09 pm - Lottery News forum

Florida's biggest Powerball winner sues her own son after winnings squandered
Gloria C. Mackenzie became the largest sole lottery winner in U.S. history in mid-2013 when the then 84-year-old took home about $278 million after taxes on a $590 million Powerball ticket she bought at a Zephyrhills Publix supermarket. Five years later she sued her son Scott Mackenzie, who was her caretaker and the one who had total control over millions of dollars in winnings, saying he and his investment manager each lived off the money while poorly investing the proceeds, according to her ...
Apr 11, 2019, 4:02 pm - Lottery News forum

Audit of California Lottery finds over $305,000 in improper or dubious spending
California Lottery officials tallied more than $305,000 in improper or questionable spending over the last four years that included travel, food, gifts to employees and entertainment expenses, a state audit concluded Tuesday. Among the improper expenses, the lottery agency spent $21,666 to give staff logo-branded swag such as T-shirts, backpacks, lip balm and iPad cases, labeling the purchases learning aids and training tools, according to the audit by state Controller Betty Yee. The finan ...
Apr 11, 2019, 9:32 am - Lottery News forum

No sales tax on Mississippi lottery tickets, but winnings will still be taxed
The Mississippi Legislature is expected to pass a measure clarifying that tickets for state's soon to be rolling lottery are exempt from sales taxes. But the state tax man will still get his cut on lottery winnings in Mississippi: They will be taxed as income, at the same scaled rate of 3 percent to 5 percent as any other income. This is a blow to Jackson, where Mayor Chokwe Antar Lumumba had been counting on lottery ticket revenue from a 1-cent sales tax in the city tacked on to the 7-cen ...
Feb 28, 2019, 11:34 am - Lottery News forum

SC officials getting nervous that $1.5 billion Mega Millions winner won't claim prize
Here's how a big money winner could end up being a bit of a money loser for South Carolina. If in a few weeks no one claims a lottery ticket worth $1.5 billion sold in the Upstate, Palmetto State lawmakers may have less money to spend in the coming fiscal year. The state expects to collect $61 million in income taxes as its share of the Mega Millions jackpot if the winner opts to take the money as a lump sum. The winner still has three months to turn over the ticket to state lottery of ...
Jan 23, 2019, 10:36 am - Lottery News forum

« Previous123456789107475Next »