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
Texas Lottery generated more than $100 million in one week from scratch-off ticket sales
The Texas Lottery has, for the first time in its history, sold more than $100 million in scratch ticket sales in just one week. From Dec. 23, 2018 to Dec. 29, 2018, scratch ticket sales totaled $100,776,586, shattering the old record of $99,679,358 achieved in March of 2018.
This is a very special time for the Texas Lottery as we continue to experience unprecedented growth and we are especially thrilled to celebrate this tremendous record week of scratch ticket sales, said Gary Grief, execut ...
Jan 7, 2019, 8:51 am - Lottery News forum
Investigation finds lottery scamming Tipton brothers have repaid virtually nothing
By Jason Clayworth and Rachel Denny Clow
Two brothers who spearheaded the biggest lottery scam in U.S. history have repaid less than $1,400 in restitution despite owning property worth nearly $2 million, a Des Moines Register and Corpus Christi Caller Times investigation has found.
Between them, Eddie and Tommy Tipton have admitted rigging winning drawings in at least five states, including Iowa, worth a combined $24 million.
But they have barely made a dent in the more than $2.4 millio ...
Dec 27, 2018, 8:52 am - Lottery News forum
Lottery is building a better Nebraska
Nebraska Lottery celebrates 25 years
It's been 25 years since Nebraskans began putting a dollar on a dream by purchasing state lottery tickets. A lot has changed since then.
In 1993, there was one Scratch game. Now there are more than 30.
Then, each ticket cost $1. Now Scratch tickets are $1, $2, $3, $5 $10 or $20.
The top prize in 1993 was $5,000. Now the top prizes for Scratch games range up to $200,000.
Neither Mega Millions nor Powerball existed in Nebraska. Now the multi-stat ...
Dec 17, 2018, 9:13 am - Lottery News forum
Iowa Lottery CEO worries about jackpot fatigue
Iowa Lottery CEO Terry Rich says due to recent jackpot runs for Powerball and Mega Millions, Iowa Lottery sales and profits are running about a month ahead of projections.
We're still, per capita, are in the middle in the number of dollars spent per person, Rich says. You go to the east coast, it's probably three or four times per person what they spend on lottery and gaming than what we do in Iowa.
A recent $1.5 billion Mega Millions jackpot was won by a player in South Carolina. A woma ...
Nov 26, 2018, 7:39 pm - Lottery News forum
China lottery corruption probe sparks online outrage
China's government is attempting to downplay social media rumors that lottery administrators have embezzled nearly $20 billion from lottery proceeds.
On Tuesday, the South China Morning Post reported on the frantic efforts by Beijing authorities to refute social media chatter that around RMB136b (US$19.5b) had been embezzled by corrupt lottery administrators. A popular meme blames this corruption for the inability of the average citizen to win a sizable lottery prize.
The meme has its orig ...
Nov 14, 2018, 9:41 am - Lottery News forum
Kentucky Lottery reports highest monthly sales in state history
The near-world record Mega Millions jackpot run in tandem with a Powerball jackpot run that rose to more than $680 million led to the most successful sales month in the nearly 30-year history of the Kentucky Lottery.
Overall sales for the month were $115.5 million, which is $33.2 million (or 40.3%) more than budgeted. This shatters the previous record sales month from January 2016, when a world-record Powerball jackpot of $1.6 billion led to sales of $105.1 million.
This in turn led to $34 ...
Nov 12, 2018, 9:13 am - Lottery News forum
Lottery sales in Japan down for second straight year
In Japan, sales of Takarakuji lottery tickets issued by prefectural governments and ordinance-designated major cities totaled 786.6 billion (US$7.1 billion) in fiscal 2017, down 6.9 percent from the year before.
Sales were down for the second consecutive year and fell below 800 billion for the first time since fiscal 1997, according to data compiled by the internal affairs ministry.
Takarakuji sales have been on a downward trend after peaking at 1.105 trillion (US$10 billion) in fiscal 200 ...
Aug 14, 2018, 12:18 pm - Lottery News forum
Pennsylvania iLottery hits $21.6 million in sales
Rivals complaints lead to marketing changes
Pennsylvania's brand new online lottery, the iLottery, reported sales of $21.6 million in its first 26 days from its launch on June 4, despite the best efforts of the land-based casino industry to sink it in the first few weeks.
Lottery Executive Director Drew Svitko told local media on Monday that 45,000 players had registered and the iLottery had paid out $18.7 million in prize money during the period, despite the initial roll out offering just ...
Jul 12, 2018, 10:08 am - Lottery News forum