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
Pennsylvania lottery winners now subject to state tax on prizes
By Todd Northrop
The small number of states that don't tax lottery prizes has just shrunk by one state.
Pennsylvania lawmakers approved levying new taxes Wednesday on a variety of different things including lottery prizes to help support the $31.5 billion state budget that went into effect earlier this week.
The tax bill was approved by a 116-75 vote in the House and 28-22 vote in the Senate. Democrat Gov. Tom Wolf quickly signed the tax bill and related bills to complete the budget pro ...
Jul 20, 2016, 10:43 am - Lottery News forum
N.J. increases initial state tax withholding on lottery winnings
But does not affect what winner would ultimately pay in state taxes
If someone buys a winning ticket for Friday's $540 million Mega Millions game in New Jersey, the state will be collecting more money at payout than it would have last month.
Under the new rates, winnings greater than $10,000 up to $500,000 will have 5 percent automatically withheld, and prizes above $500,000 will face an 8 percent withholding. Previously, prizes greater than $10,000 faced a withholding of 3 percent.
Jul 7, 2016, 8:53 pm - Lottery News forum
Illinois Gov. signs bill ensuring lottery prize payments
By Todd Northrop
Illinois Governor Bruce Rauner Thursday night signed a bill giving the Illinois Lottery legal authority to continue all prize payouts if a budget deal is not reached.
By passing SB 2047, Governor Rauner and the General Assembly are ensuring that the Illinois Lottery can continue its mission of supporting K-12 education, capital projects and select charitable causes throughout Illinois, said Acting Director Tim McDevitt.
On December 7, 2015, Governor Rauner signed SB 20 ...
Jul 1, 2016, 11:55 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
Illinois Lottery winners again might not get paid
People who've waited more than a year for Illinois leaders to finish a state budget might start to feel like the prospects of a compromise are similar to the odds of winning the lottery.
Now, Illinois Lottery winners might again face the prospects of not being paid their jackpots in a timely manner if no spending deal is struck by the end of the month.
Last year, lottery winners sued the state to get their payouts and eventually did after Gov. Bruce Rauner and lawmakers agreed on a patchwo ...
Jun 17, 2016, 12:03 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
State lawmaker calls for Illinois Lottery probe in light of audit findings
Lottery head resigns, another possible winner payout shutdown looms
A state lawmaker is calling for an investigation of the Illinois Lottery after a recent audit revealed it had violated the state finance law.
The audit found that the Lottery circumvented the state's budget impasse by prepaying $20 million to take part in future multi-state lottery games, such as Powerball and Mega Millions.
State Rep. Jack Franks, D-Marengo, said he wants either Illinois State Attorney General Lisa Mad ...
Jun 12, 2016, 8:45 am - Lottery News forum
Wyoming Lottery expansion faces hurdles despite state money woes
As Wyoming loses millions of dollars in revenue from its declining minerals extraction industry, the state lottery has started paying off by distributing some of its profits to cash-strapped cities and towns.
A member of the board that oversees the Wyoming Lottery says the state might want to look at an expansion to tap even more revenue. But that would require expanding the type of games allowed a prospect that faces long odds in a Legislature wary of encouraging compulsive gambling.
May 30, 2016, 2:07 pm - Lottery News forum
Millions in prize money never claimed by NJ lottery players
While the New Jersey Lottery pays out well over $1.8 billion in prize money each year, players lose out on tens of millions more when they fail to claim their winnings.
In just the past eight years, about $317.7 million in payouts have been forfeited by players who fail to cash in their ticket within a year as lottery rules require.
While lottery players are more diligent in some years than others, there's been at least $33.9 million forfeited every year since 2008.
Winners have a year ...
May 23, 2016, 9:14 am - Lottery News forum