Most Kentucky Lottery players don't know where the money goes
Kentucky is only state with odd law that prohibits advertising where funds go
Since its inception, the Kentucky Lottery has taken in $12.5 billion. A recent study said most people in the commonwealth have no idea where that money goes.
A local TV station has been investigating how much of that Powerball cash actually goes to Kentucky.
Kentucky Lottery officials believe they could be taking in more money if Kentuckians were better informed about lottery proceeds, but state law is prevent ...
Oct 29, 2010, 9:53 am - Lottery News forum
Lottery bill could limit winner's take
Michigan welfare recipients couldn't claim major prizes
Michigan lawmakers are being asked to prevent any person receiving welfare from winning major Michigan State Lottery prizes, and the idea has area residents and business people at odds.
If signed into law, the proposed legislation would prohibit a person getting welfare, food stamps or Medicaid from collecting a lottery prize of more than $600. If the prize were larger, the portion not paid to the winner would go to the state School A ...
Oct 20, 2010, 8:17 am - Lottery News forum
Mass. Lottery ads still on radio two days after Cahill agreed to a halt
Radio spots from a million-dollar advertising blitz for the Massachusetts Lottery continued to run yesterday, two days after state Treasurer Timothy P. Cahill, an independent gubernatorial candidate, said he would stop airing the taxpayer funded advertisements.
A spokesman for the Massachusetts State Lottery Commission said the ads would cease by last night, adding that the process for killing a major ad campaign took some time. The lottery said the ads could not have been stopped immediately ...
Oct 17, 2010, 7:34 pm - Lottery News forum
Mass. Lottery ad creates election controversy
Just 18 days ahead of Election Day, the Massachusetts Lottery now says it is pulling its ads from the air after accusations that the Cahill campaign may have been trying to benefit from them.
Massachusetts state attorney general Martha Coakley will be investigating to see if there was any collaboration between Cahill's campaign and the state lottery. As part of his job as Massachusetts treasurer, Cahill oversees the lottery and has agreed to pull the multi-million dollar ad blitz while the al ...
Oct 15, 2010, 4:41 pm - Lottery News forum
N.C. Lottery increases prize percentage
Critics decry smaller education 'slice of pie'
Like or loathe the state lottery, there's no question the total amount it generates for education keeps growing. One thing that isn't growing, however, is the percentage that goes to schools. The funding formula keeps changing.
Since its inception, state lawmakers and lottery leaders tweaked the funding formula in an effort to increase ticket sales.
A new report from the nonprofit watchdog group North Carolina Policy Watch shows just how mu ...
Sep 26, 2010, 11:12 am - Lottery News forum
Decision on privatizing Illinois Lottery 'within days'
Illinois Gov. Pat Quinn could select a private firm to manage the Illinois State Lottery as soon as next week, but some lawmakers would rather keep the lottery under state government.
Two bidders are vying for the right to privately manage the Illinois State Lottery. Earlier this week at a public hearing held in Chicago, the Northstar Lottery Group and the Camelot Group both presented their proposals to a state commission.
The Northstar Lottery Group is a combination of three different com ...
Sep 10, 2010, 8:37 am - Lottery News forum
N.C. collected record debt from lottery winners
The North Carolina Lottery collected a record $1 million during the past year from prize winners who were also debtors.
The lottery scans big winners against a list of people who owe child support, back taxes, hospital bills and student loans. So as you dream about spending the piles of money you plan to win in the lottery, don't forget those bills you never paid.
The big collection comes in a record year for lottery sales, which topped $1.4 billion, a 10 percent increase from the previous ...
Aug 11, 2010, 10:21 am - Lottery News forum
US Rep. introduces revised Internet gambling bill
In March, Rep. Jim McDermott (D-WA) announced that he was re-introducing legislation to tax licensed Internet gambling in the U.S.
The bill, known as the Internet Gambling Regulation and Tax Enforcement Act, is a companion to legislation introduced by Rep. Barney Frank that would license and regulate online gambling. Rep. McDermott's bill includes new provisions that weren't in the original version introduced in October, including a revenue incentive for States that could generate up to an es ...
May 17, 2010, 7:45 am - Lottery News forum
New Maryland Lottery Director appointed
Maryland Gov. Martin O'Malley Friday announced the appointment of Stephen L. Martino as director of the Maryland State Lottery Agency.
The Lottery's director is appointed by the Governor with Senate advice and consent.
I am proud to appoint Mr. Martino to head the Maryland Lottery, said Governor O'Malley. Mr. Martino brings a wealth of expertise in the racing and gaming industry, as well as legal knowledge and experience. I am confident that Mr. Martino will oversee the operations of the ...
Apr 26, 2010, 7:55 am - Lottery News forum
Illinois Lottery may privatize lottery to solve budget woes
The search for revenue to help fix to the state's budget woes has put a spotlight on the Illinois State Lottery.
For more than three decades, the lottery has been a steady, reliable source of revenue for the state. Since 1985, it has brought in more than a half billion dollars annually.
But, just as other state and local governments have sold off assets to help balance their bottom line and avoid tax hikes, the lottery is now being marketed as a potential target for a hybrid brand of priva ...
Apr 5, 2010, 7:03 am - Lottery News forum