Indiana Senate approves lottery sell-off
Administration officials worked the back of the Senate chamber Tuesday and managed to secure just enough support to pass Gov. Mitch Daniels' plan to privatize the Hoosier Lottery.
The 27-20 vote comes from a GOP-controlled chamber that is far friendlier to the governor's plans than the Democratic-held House, where Senate Bill 577 heads next.
The legislation authorizes the state to enter into a contract with a private operator to run the lottery for the next 30 years.
In exchange, the st ...
Feb 28, 2007, 9:06 am - Lottery News forum
Indiana Lottery privitization takes big step forward
Indiana Gov. Mitch Daniels' plan to privatize the state lottery took a major step forward Tuesday when a key Senate fiscal panel narrowly approved the proposal.
The 7-5 vote came after educators and business leaders lined up to support leasing the Hoosier Lottery to a private operator in exchange for $1 billion toward a life sciences initiative and scholarships meant to keep smart Hoosier kids in Indiana.
One Republican joined the four Democrats on the committee to vote against the measure ...
Feb 21, 2007, 8:36 am - Lottery News forum
Despite strong opposition, Indiana moves ahead with selling lottery
Indiana is considering a Wall Street investment firm to help it pull together a plan to lease the Hoosier Lottery, despite legislative skepticism that could kill the deal.
Gov. Mitch Daniels said Friday the administration is negotiating a contract with Morgan Stanley to test the market. A similar contract with Goldman Sachs Co. to market the Indiana Toll Road last year was worth about $20 million.
The Toll Road eventually was leased for 75 years for $3.8 billion, and the state has esti ...
Jan 23, 2007, 10:45 am - Lottery News forum
Bill to outsource Indiana Lottery bans keno, video poker
Many upset over Governor's plan to 'sell the Lottery'
A bill that would allow Gov. Mitch Daniels to outsource the Hoosier Lottery would prohibit a private operator from offering keno, video lottery games, pari-mutuel wagering on horses or dogs and games based on winners of races or other sporting events.
Sen. James Merritt, R-Indianapolis, filed the bill Thursday on behalf of the administration but said he was allowed to put his own principles in it and was not in favor of such gambling ex ...
Jan 19, 2007, 12:00 pm - Lottery News forum
New lawsuit claims Indiana Lottery did not award all prizes
Man who spent $40,000 on lottery sues to get money back; lawsuit claims Hoosier Lottery overstated number, amount of prizes in 'Cash Blast' game
Two men filed a lawsuit Friday against the Hoosier Lottery, seeking class-action status as a result of the lottery's admitted misrepresentation of the number and amount of prizes available in a scratch-off game.
Jeff Frazer, Carmel, and Jeff Koehlinger, Auburn, seek reimbursement in the lawsuit filed in Marion County for the losses they incurred w ...
Jan 6, 2007, 9:07 pm - Lottery News forum
Most state lottery raffle games sold out
Around the United States, Christmastime raffle games have become the hottest ticket of the year, with most of the game tickets selling out well before the drawing date.
The raffle games are loosely modeled after the largest lottery game in the world, Spain's El Gordo, which gives back an unusually large 70% of all proceeds in the form of prizes, and makes many instant millionaires.
Unlike traditional lotto-style games, a fixed number of tickets are sold for raffle games, and the prizes are ...
Dec 30, 2006, 12:18 am - Lottery News forum
Indiana Gov. wants to sell lottery
As details continued to leak out Wednesday about Indiana Gov. Mitch Daniels' plan to privatize the Hoosier Lottery, reaction from area lawmakers was less than encouraging.
Daniels is expected to unveil the proposal which would likely raise money for higher education at 11 a.m. today.
Wells County Republican Rep. Jeff Espich was briefed on the idea a few weeks ago along with other key lawmakers.
His understanding of the plan was to entice a private entity to run the lottery in exchan ...
Dec 14, 2006, 8:18 am - Lottery News forum
Indiana Lottery promotion gets crazy
Lottery chief hurt as crowd grabs potentially valuable balloons
Indiana Lottery officials had hoped to parade into Pan American Plaza in Indianapolis on Wednesday afternoon and let 200 red balloons some carrying prizes fly into the sky and ultimately into the hands of some lucky Hoosiers.
But before they were able to yell Go! a hundred or so people who'd gathered to watch the event charged forward, grabbing balloons and roughing up at least one of the balloon-holders.
No, no! An ...
Dec 14, 2006, 7:18 am - Lottery News forum
Indiana Lottery gets new director
The Hoosier Lottery is getting a new director.
Kathryn Densborn of Indianapolis, a Republican who lost in her bid to oust Democratic state Rep. David Orentlicher in the November election, will begin work at the agency next week and will take over as director in January.
Densborn formerly worked as the legislative liaison and public information officer for the state Department of Local Government Finance. From 1998 to 2005, she worked for the St. Luke Catholic Church in communications and ...
Dec 11, 2006, 10:21 am - Lottery News forum
Nine workers whose factory is closing win lottery
Nine auto parts workers whose factory is slated to close at the end of the year have something to celebrate: a $9 million Hoosier Lotto jackpot.
For nearly 16 years, the men -- all current and former Delphi employees -- pooled their money to buy $50 worth of lottery tickets each week. After buying $41,000 in tickets, they finally matched all six numbers in the July 1 drawing.
This was the last week we were going to play. We made a joke leaving work saying, 'Wouldn't it be nice to hit the ...
Jul 13, 2006, 8:24 am - Lottery News forum