New survey destroys myth that poor Americans buy most lottery tickets
Half of all Americans play the lottery
New Gallup survey results have again debunked the popular myth created by anti-lottery crusaders that low-income Americans buy a disproportionate number of lottery tickets.
Roughly half of Americans say they have bought a state lottery ticket within the last year, similar to the figures recorded in 2003 and 2007, but down considerably from the 57% who said they played the state lottery in 1996 and 1999. This trend has occurred even as the number of st ...
Jul 25, 2016, 2:07 pm - Lottery News forum
New logo for Iowa Lottery
The Iowa Lottery unveiled a new logo Monday to celebrate more than 40 years in business.
The Iowa Lottery introduced its fourth logo, which will maintain the shooting star that has been central to the lottery's identity since it began in 1985.
You might know the current Iowa Lottery logo as a circular symbol made up of red, yellow and orange. The new look will illustrate a streamlined look using white and blue.
This new look for the lottery has a punch to it, said Iowa Lottery CEO Terr ...
Jun 21, 2016, 12:56 pm - Lottery News forum
Would you quit your job if you won the lottery? Many say no
Up to 80% of people would keep working after a big win
Even a seven-figure payday wouldn't keep many Americans from showing up to work.
Anywhere from half to 80% of workers in America say that they'd keep working even if they won the lottery, according to a survey of 1,000 adults released Tuesday by cloud computing company Adobe Systems Inc., as well as surveys from both Gallup (2013) and CareerBuilder (2014).
These high percentages of people who plan to keep working have remained relat ...
May 24, 2016, 6:28 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
Leftover lottery tickets turned into stunning living room art
Includes video report
More people than ever are trying to rescue, recycle and reinvent, especially on Earth Day.
This extreme example uses all those unlucky lottery scratch-off tickets to turn them into a recycled masterpiece.
Artists Adam Eckstrom and Lauren Was have created an entire dining room out of 40,000 used lottery tickets, using them to make up the wall panels, furniture and even the place settings.
All the furniture and d cor total a whopping $70,000 in lottery ticket sale ...
Apr 23, 2016, 8:34 am - Lottery News forum
French lottery 'winner' went on huge spending spree only to realize she had wrong number
A Frenchwoman who went on a huge spending spree after winning the Euro Millions lottery was ordered to pay the huge tab back after belatedly discovering that she had got the wrong the number.
The 46-year-old, whose identity was not disclosed in the French media, believed she had won a massive jackpot. Within hours, and over the course of three weeks in February and March 2014, she issued a series of checks spending on perfumes, jewellery, clothes and ornaments to celebrate her good fortune.
Mar 9, 2016, 8:14 pm - Lottery News forum
FBI warns about lottery fraud
The telephone call came from out of the blue. The man on the line told the 83-year-old retired schoolteacher she had won a substantial lottery prize. All that was required to claim the windfall was to pay taxes and other fees.
Before it was over, the victim a Virginia resident who had meticulously saved for her retirement was out more than $500,000 in a scam that has become all too familiar among the elderly.
The criminals behind these lottery frauds and other telemarketing scams prey on s ...
Mar 9, 2016, 10:00 am - Lottery News forum
Falling lottery sales pinch college scholarships
The ticket-buying frenzy that erupted over January's $1.6 billion Powerball jackpot wasn't enough to reverse a long-running trend: Proceeds from lottery games aren't keeping pace with the higher education costs they were supposed to pay.
Now lawmakers in at least eight states have made or are considering making dramatic cuts to scholarship programs funded by lotteries. The programs, aimed at opening access to college by providing nearly free tuition, include one at the University of New Mexic ...
Mar 3, 2016, 12:23 pm - Lottery News forum
How a group of MIT students gamed the Massachusetts Lottery
Even within a university as famously offbeat as the Massachusetts Institute of Technology, Random Hall has a reputation for being a little quirky. According to campus legend, the students who first lived there in 1968 wanted to call the dorm Random House until the publishing house with that same name sent them a letter to object. The individual floors have names, too. One is called Destiny, a result of its cash-strapped inhabitants selling the naming rights on eBay; the winning bid was $36 from ...
Feb 23, 2016, 1:11 pm - Lottery News forum
Why you might go bankrupt if your next-door neighbor wins the lottery
Winning the lottery can be hazardous to your neighbors' financial health.
Research released this month by the Federal Reserve Bank of Philadelphia found a significant jump in bankruptcies among households living near someone who won a big lottery jackpot. The economists theorized that people may have seen the good fortune next door and felt pressure to accumulate more assets of their own, especially flashy purchases like cars, that they simply could not afford.
Income inequality induces p ...
Feb 16, 2016, 10:12 am - Lottery News forum