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TagResults 1 - 10 of 745 for financials. (0.06 seconds)

Will R.I. Lottery win or lose in $1 billion IGT contract battle?
Is it a wise move that would keep more than 1,000 high-paying jobs in Rhode Island or just the latest example of a you gotta know a guy back-room deal? Is the lottery giant IGT as Rhode Island as Del's lemonade or as British as Big Ben? In short, is the proposed no-bid, $1-billion, 20-year extension of IGT's current 20-year gambling technology contract a solid win for the Rhode Island economy or an ill-advised sweetheart deal ? As state lawmakers prepare to review the proposal this fall ...
Aug 13, 2019, 8:34 am - Lottery News forum

Pennsylvania Lottery struggles to attract bets on virtual sports games
The Pennsylvania Lottery has more than 1,850 outlets with screens displaying virtual animated football and auto races. The odds of finding someone watching a bet play out on the simulated sports action is pretty low. With a few exceptions, lottery licensees in the region report few customers are spending their time or money on the Xpress Sports games lottery officials introduced in August. Xpress Football offers the chance to bet from $1 to $20 each on up to 16 possible outcomes such as a ...
Jun 27, 2019, 11:00 am - Lottery News forum

The California lottery, public schools and the mystery of the 'missing' money
By Steve Lopez Where is the money from the lottery going? asked a reader named Jean. It never fails. Write about school funding shortages in California, and the emails start pouring in from people who insist the lottery was supposed to solve all our education money issues and wonder why it hasn't. The latest barrage came after my column last week about Measure EE, the L.A. Unified parcel tax that suffered a crushing defeat at the polls on June 4, despite a projected budget deficit in c ...
Jun 19, 2019, 8:00 am - Lottery News forum

Massachusetts legislators looking into fairness of lottery fund distribution
Massachusetts residents have been playing the lottery for nearly 50 years, enjoying both the risk and the benefits their towns and cities see. But some legislators are worried certain communities are getting more out of the game than others. Every year, about 20% of the revenue the state lottery rakes in is distributed to the 351 towns and cities, according to the Massachusetts State Lottery's website. In 2018, the lottery returned $997 million to the state, which was the second-highest total ...
May 29, 2019, 8:00 am - Lottery News forum

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 ...
May 20, 2019, 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

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