Kentucky Lottery and legislature tussle over cash reserves
Straining to find hidden money within state government's bureaucracy to balance a tight state budget two years ago, the Kentucky Senate discovered about $16.9 million in unrestricted reserves held by the Kentucky Lottery Corp.
Senators concluded the lottery didn't need that much in reserve and put into the budget bill a directive that in addition to the normal flow of dividends the lottery sends to the state the lottery transfer $11 million to the general fund by June 30.
But, in a rare de ...
Yesterday, 7:39 am - Lottery News forum
Illinois Lottery not paying big winners because state legislature won't pass budget
After years of struggling financially, Susan Rick thought things were looking up when her boyfriend won $250,000 from the Illinois Lottery last month. She could stop working seven days a week, maybe fix up the house and take a trip to Minnesota to visit her daughter.
But because Illinois lawmakers have not passed a budget, she and her boyfriend, Danny Chasteen, got an IOU from the lottery instead.
For the first time, we were finally gonna get a break, said Rick, who lives in Oglesby. And ...
Aug 28, 2015, 4:51 pm - Lottery News forum
Pennsylvania lottery winners to be taxed for the first time
New Penn. Gov. Tom Wolf proposes historic tax increases
By Todd Northrop
Tucked into the depths of Pennsylvania Governor Tom Wolf's first budget plan is a proposal to tax lottery winnings over $600.
The newly-elected Democrat Governor's spokesman says that California and Pennsylvania are the only states with income taxes that exempt lottery proceeds. Some states have no income taxes, and those states also do not tax lottery winners.
We have a massive budget deficit that we need to c ...
May 12, 2015, 10:55 am - Lottery News forum
Texas legislature to consider lottery winner anonymity bill
What a turnaround.
In the 2013 session the Texas House passed a bill aimed at abolishing the state lottery.
But after some soul-searching mainly confronted with the fact the state would lose $1.1 billion a year for public education some representatives who wanted to eliminate the Texas Lottery Commission reversed their vote, in essence resuscitating the game.
Now House members may go a step further.
On Tuesday the 150-member chamber will consider a bill that would allow winners of mo ...
May 9, 2015, 7:39 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
GOP proposal would open door to lottery, casinos in Alabama
A constitutional amendment that would legalize gambling in Alabama authorizes a lottery, casino gambling and expanded Indian gaming.
Senate President Pro Tem Del Marsh, a Republican from Birmingham, Ala., gave other state senators an initial draft of the legislation Thursday. It calls for a Sept. 15 election so voters can decide the amendment's fate in wake of a projected $250 million shortfall in state's revenues this fiscal year, which ends Sept. 30.
I could come in on Tuesday and my co ...
May 5, 2015, 8:22 am - 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
State lotteries head to Washington to enforce states' rights on gambling
Restoration of America's Wire Act legislation would restrict your rights to spend your money as you please
State Lottery officials from across the United States held meetings with members of Congress today in Washington, D.C., to add their voices to those of state lawmakers advocating for the federal government to continue to support states' authority to establish their own gambling policies.
The lottery officials expressed their concerns about proposed federal legislation designed to res ...
Mar 25, 2015, 10:57 am - Lottery News forum
Bill shielding Arizona lottery winners set for Senate vote
Winners of large Arizona lottery jackpots would have their names kept secret for three months to give them time to prepare for their newfound wealth and shield their financial affairs under a bill set for a Senate vote Monday.
The bill by Republican Sen. John Kavanagh is a more limited version of a bill he pushed in 2013 when he was in the House that would have kept winners' names secret forever. The bill failed in the Senate.
The Arizona Republic editorial staff objected to the original b ...
Feb 10, 2015, 9:22 am - Lottery News forum
New fight looms over MN lottery online sales
Minnesota Gov. Mark Dayton is braced for a repeat struggle over the Minnesota Lottery and said Tuesday that its director faces a challenge in trying to preserve online ticket sales that many lawmakers want to outlaw.
Dayton expressed little doubt that the Legislature will again attempt to bar most virtual ticket sales and acknowledged that the veto he used to short-circuit their push last spring might not hold up.
At the urging of Lottery Director Ed Van Petten, Dayton struck down the prop ...
Dec 9, 2014, 8:55 am - Lottery News forum