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TagResults 1 - 10 of 624 for financials. (0.03 seconds)

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 ...
Today, 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

Ohio Lottery officials exploring other ways to pay winning-ticket holders
Ohio Lottery officials are considering new options to pay some winners because retailers now have less cash on hand to give out to those holding winning tickets. Lottery winners one day might receive payment cards or have their winnings electronically transferred to an account, the Northeast Ohio Media Group reported. Retailers can redeem winning tickets of up to $599, but Greg Bowers, Ohio Lottery finance director, said some retailers don't have enough cash on hand to pay out the prizes b ...
Jun 22, 2015, 7:57 am - Lottery News forum

Wyoming Lottery to release salaries
The Wyoming Lottery board voted 8-1 at a special meeting Monday to release salary information for board members and employees. Lottery CEO Jon Clontz said he will distribute the salary information Tuesday. After the salary issue was decided, the board passed a provisional budget for the upcoming fiscal year with $27 million in projected revenues but didn't have copies of the projections for the public to view. Since April, local media and lotto officials have disagreed on whether the sa ...
Jun 16, 2015, 12:47 pm - Lottery News forum

Wyoming Lottery refuses to release individual salaries
The Wyoming Lottery Corp. wants to keep its salaries and benefits secret from the public, with officials saying disclosure will hurt the new organization from a competitive standpoint. The Casper Star-Tribune sent a records request to the lottery, asking for compensation of executives and board members. CEO Jon Clontz denied the request May 8. The lottery and newspaper disagree in the interpretation of the 2013 law that created the organization. Lottery officials argue it is a private c ...
May 18, 2015, 7:13 am - Lottery News forum

Minn. Senate passes bill restricting expansion of State Lottery
Minnesotans soon may no longer be able to buy lottery tickets at ATMs, gas pumps or online, as the Senate overwhelmingly passed a bill Thursday that would restrict the Minnesota State Lottery's yearslong foray into new gambling platforms. The decisive 56-8 vote was a rebuke to Gov. Mark Dayton, who vetoed a similar measure last year. Bill author Sen. Lyle Koenen, DFL-Clara City, and Republican advocates of the bill framed the issue as one of legislative prerogative, accusing the State Lott ...
May 9, 2015, 7:30 am - Lottery News forum

Former Georgia Lottery official files whistleblower lawsuit
A former top finance official with the Georgia Lottery has filed a whistleblower lawsuit claiming that he was fired after refusing to present inflated sales projections. Kenneth Knight, former vice president for financial management at the Georgia Lottery, names the lottery and its president, Debbie Alford, in the lawsuit. Knight argues that he was pressured by Alford and his boss to present the lottery board with flawed sales projections in April 2014. Knight says in the lawsuit that he t ...
Apr 25, 2015, 6:28 pm - Lottery News forum

A state lottery could help Alabama get its financial house in order
Fifty years ago, lotteries were illegal in every state, but they have proven so lucrative and politically irresistible that 44 states have since started selling tickets to the lottery. In 2013, state-run lotteries brought in $62 billion, which amounts to $257 in sales to every adult in the nation. Six stubborn holdouts remain. Alaska and Hawaii are isolated enough that they do not feel pressured by sales from their neighbors. Nevada and Mississippi have gambling lobbies that don't want a stat ...
Apr 20, 2015, 9:15 pm - Lottery News forum

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