Some States Consider Leasing Their Lotteries
As chief operating officer of the California Department of Finance, Fred Klass gets pitches from Wall Street bankers as often as the rest of us might get cold calls from telemarketers or insurance agents. But when Kathleen Brown of Goldman Sachs came to his office earlier this year and suggested privatizing the state lottery, Mr. Klass listened closely.
It wasn't merely because Ms. Brown happened to be a former state treasurer as well as the daughter of one famous California governor and the ...
Oct 16, 2007, 10:05 am - Lottery News forum
Calif. Gov: Sell lottery to fund health care
Hoping to rejuvenate lagging negotiations over health care reform, Gov. Arnold Schwarzenegger said Tuesday that he wants to use the state lottery to help finance his plan that would require all Californians to have health insurance.
The Republican governor said at a news conference that he wants to lease the lottery to a private group and use about $2 billion a year of the proceeds to pay for his health insurance plan, without diverting any lottery funds used for education.
The proposal is ...
Oct 12, 2007, 7:42 pm - Lottery News forum
Lottery fraudster spared prison
A Belfast woman who falsely claimed more than 40,000 (US$75,000) in benefits after she had won nearly 60,000 (US$110,000) playing the UK National Lottery has been spared jail.
In June 2000, Leanne Thompson, 29, from Bloomfield Parade, scooped 58,518, but failed to declare her change of circumstances to the benefits agencies.
The mother-of-three admitted making false statements to obtain benefits.
Belfast Crown Court Judge Her Honor Kennedy suspended a one year sentence for two year ...
Oct 10, 2007, 9:24 pm - Lottery News forum
Tenn. Lottery CEO claims recent errors didn't hurt sales
Lottery sponsor questions move to computerized drawings
Three recent mistakes made by the Tennessee Lottery have not hurt ticket sales, the lottery's president and CEO said, but the legislator who led the effort to create the lottery questions the lottery's move to computerized drawings.
At this point, sales in our products are up, so it hasn't had any impact that we can measure at all, Rebecca Hargrove said Wednesday. We're almost 4 years old, and we've had three incidences, which if t ...
Oct 7, 2007, 9:26 am - Lottery News forum
W. Va. video lottery parlors warned to limit ads
Demand made despite favorable Federal District Court ruling
West Virginia video lottery parlors could lose all but one of their machines if they exploit last week's federal ruling that removes limits on the words they can use in advertising, a group representing machine leasing businesses warns.
The West Virginia Amusement Limited Video Lottery Association has asked parlor owners, which it also represents, to adhere voluntarily to the ad rules that U.S. District Judge Joseph R. Goodwin d ...
Oct 4, 2007, 5:45 pm - Lottery News forum
Will the Michigan Lottery shut down tomorrow?
If the Michigan government shuts down because legislators are unable to agree on a new state budget, the Michigan Lottery will suspend operations at the end of the business day on Sunday.
All lottery ticket sales, validations and prize payments will be suspended. Drawings will be held for tickets sold prior to the shutdown. Players with advanced wagers will be able to check their numbers in newspapers and on the Lottery Post Web site, www.lotterypost.com/results/mi.
Players with winning ti ...
Sep 29, 2007, 5:49 pm - Lottery News forum
Mass. Gov. promises to protect lottery revenue
Seeking to nullify a major complaint about expanded gaming, Massachusetts Governor Deval L. Patrick is pledging to protect state Lottery revenues from being ravaged by casinos.
As part of his proposal to establish three casino resorts, including one in Western Massachusetts, Patrick said he will hold harmless the state Lottery, a major source of state aid to cities and towns.
The governor said he would cover any loss in lottery revenues with money from a proposed annual 27 percent tax ...
Sep 26, 2007, 10:52 am - Lottery News forum
Massachusetts lottery causes may have historical precidence
After predicting this week that three modest-sized resort casinos would generate between $400 million and $450 million in tax revenues, Massachusetts Governor Patrick said, We will dedicate that revenue to improving transportation and to reducing property taxes . . . by investing casino tax revenue in refurbishing and expanding our transportation systems, we accelerate the growth of economic opportunities in every region, we ensure the safety of our roadways and bridges, and we address effect ...
Sep 22, 2007, 8:12 am - Lottery News forum
Tennessee Lottery oversight committee to convene in November
By Todd Northrop
Accounting firm to audit lottery and provide results to committee
Following a disastrous couple of months for Tennessee Lottery, the legislature has decided to convene a meeting of the Oversight Committee and audit the lottery's operations.
Senator Bill Ketron and Representative Ulysses Jones are co-chairs of the committee.
According to a staffer in Senator Ketron's office, the committee has met several times in the past, mainly to discuss issues related to education ...
Sep 20, 2007, 11:22 am - Lottery News forum
Arkansas Lt. Gov. proposes state lottery in '08
On Tuesday, Arkansas Lieutenant Governor Bill Halter said he hopes to have a state lottery on the ballot by 2008.
That gives Arkansas voters the opportunity to decide for themselves whether or not the state should have a lottery, with all of the proceeds going to scholarship assistance to Arkansas students, said Halter.
Currently Arkansas is only one of eight states across the nation without a state lottery in place.
Neighboring Mississippi and Alabama are among others.
But state ...
Sep 19, 2007, 3:02 pm - Lottery News forum