California Lottery revenues dip
California Lottery officials on Tuesday lowered revenue estimates for the year by $275 million, just as Gov. Arnold Schwarzenegger suggested the state could double sales in a decade.
Citing a declining economy and poor brand image for the games, officials said the lottery's declining performance would reduce contributions to public education by $94 million, about 8 percent less than expected in the fiscal year that ends June 30.
It makes it more difficult for the lottery to meet the goals ...
May 20, 2008, 10:30 pm - Lottery News forum
California Gov. calls for expanding, privatizing lottery
Massively expanded lottery revenues are key to Schwarzenegger's budget plan
Called the lottery an underperforming asset
Anxious to avoid deep cuts in education spending, Gov. Arnold Schwarzenegger on Wednesday proposed dramatically expanding the state lottery and slashing entitlement programs, to help close a budget gap now pegged at $17.2 billion.
Schwarzenegger hopes to win voter support in November for a deal to obtain $15 billion from Wall Street firms, to be repaid from what the g ...
May 16, 2008, 8:41 am - Lottery News forum
Privatization of Texas lottery may get 2nd look in 2009
Texans could buy lottery tickets at the checkout lines in supermarkets and big-box department stores, at coffee shops and cabarets. They could pay with credit cards or personal checks and play online or the old-fashioned way with a ticket that's also a tiny ad for anything from soft drinks to sporting events.
Those are just some of the proposals offered to state officials by some of the nation's largest financial firms that have an interest in remaking the 16-year-old government-run Texas Lot ...
Apr 8, 2008, 10:42 am - Lottery News forum
Tenn. lawmakers want to force lottery to drop computer draws
There is new discussion in the Tennessee Legislature about the possibility of the state lottery going back to using ping-pong balls to select the Cash 3 and Cash 4 winners.
In 2007, a computer programming error prevented anyone who played repeated digits, such as two fives in a row, from winning.
The error was discovered Aug. 20 when lottery officials contacted the system designer, Smartplay, about their concerns.
The lottery is asking Smartplay, and the company that certified the syste ...
Mar 26, 2008, 9:08 pm - Lottery News forum
Appeals Court rules in favor of N.C. Lottery
Ruling leaves open possibility of N.C. Supreme Court appeal
The North Carolina state lottery is safe for now.
The N.C. Court of Appeals on Tuesday upheld a lower court's dismissal of a suit that challenged the way North Carolina's lottery was established.
The lawsuit, filed in 2005, contended that the lottery is a tax and didn't go through the procedural requirements in the legislature for new taxes.
The state disagreed, arguing that it makes a profit on the sale of lottery game tick ...
Mar 19, 2008, 9:59 am - Lottery News forum
Governor's plan to lease Vt. state lottery comes up a loser
Some called it the final nail in the coffin. Some called it a eulogy. Whatever they called it, members of the state Senate said a bill they passed Tuesday will likely stand as a tombstone over Gov. James Douglas' proposed lease of the state lottery.
The bill seems fairly mundane in itself. It requires lawmakers' approval before the lottery could be leased something that might well have been required by law already. And the administration was already planning on obtaining Legislative accepta ...
Feb 27, 2008, 8:48 am - Lottery News forum
Michigan lawmaker wins $2M lottery jackpot
A Michigan lawmaker has won a $2 million lottery jackpot.
Southgate Democrat Barb Farrah won the prize during Friday's game between the Detroit Pistons and the Milwaukee Bucks at The Palace of Auburn Hills. She randomly was selected from a pool of five finalists.
It's a nice financial cushion for Farrah. She is serving her last year in the state House of Representatives and can't run again because of term limits.
All the finalists were picked from a pool of 875 people who had bought $2 ...
Feb 25, 2008, 2:54 pm - Lottery News forum
Editorial criticizes N.J. Lottery privatization proposal
Privately run lottery faces long odds
Home News Tribune
Feb. 2, 2008
Give [New Jersey] state Senate President Richard J. Codey credit for trying.
Responding to the governor's assurance that he is open to ideas for solving the state's long-term budget woes, Codey, D-Essex, floated the notion of leasing the state's lucrative lottery. The way Codey figures it, the lottery might be worth billions upfront, and it might even produce some ongoing cash for the state if it is able to negotiate ...
Feb 5, 2008, 1:27 am - Lottery News forum
N.Y. takes first step toward lottery privatization
New York has taken a step toward privatizing the state lottery. The state's Budget Division has started the process of hiring an independent investment adviser to guide Gov. Eliot Spitzer's proposal.
Spitzer wants to open the lottery to private investors, using money made on a potential lease to start and sustain an endowment funding the State University of New York system. Spitzer has said any offer must include at least $4 billion in upfront payments.
The Budget Division is seeking a f ...
Feb 4, 2008, 10:14 pm - Lottery News forum
Calif. Lottery director's job doesn't depend on auditor's report
The California state Senate's decision on confirmation of Joan Borucki as director of the state lottery will be history by the time the state auditor completes its report on a questionable employee recognition celebration.
The Senate Rules Committee postponed Wednesday's scheduled hearing for a week while staff gathers information for any committee members who may have questions on the Nov. 8 lottery event, said Alicia Trost, a spokesman for Senate leader Don Perata, D-Oakland. Perata plans t ...
Jan 29, 2008, 11:36 pm - Lottery News forum