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TagResults 21 - 30 of 549 for insider buzz. (0.28 seconds)

Falling lottery sales pinch college scholarships
The ticket-buying frenzy that erupted over January's $1.6 billion Powerball jackpot wasn't enough to reverse a long-running trend: Proceeds from lottery games aren't keeping pace with the higher education costs they were supposed to pay. Now lawmakers in at least eight states have made or are considering making dramatic cuts to scholarship programs funded by lotteries. The programs, aimed at opening access to college by providing nearly free tuition, include one at the University of New Mexic ...
Mar 3, 2016, 12:23 pm - Lottery News forum

Why you might go bankrupt if your next-door neighbor wins the lottery
Winning the lottery can be hazardous to your neighbors' financial health. Research released this month by the Federal Reserve Bank of Philadelphia found a significant jump in bankruptcies among households living near someone who won a big lottery jackpot. The economists theorized that people may have seen the good fortune next door and felt pressure to accumulate more assets of their own, especially flashy purchases like cars, that they simply could not afford. Income inequality induces p ...
Feb 16, 2016, 10:12 am - Lottery News forum

First lawsuit in state lottery-fixing scandal seeks millions
It was one of those feel-good moments that lotteries love to promote when Lucky Larry Dawson smiled as he claimed a $9 million jackpot, surrounded by kids and grandkids. But five years later, the Iowa man could become a key player in a barrage of litigation that threatens to cost state lotteries tens of millions of dollars in damages in an insider jackpot-rigging scandal. A Des Moines law firm filed a lawsuit Wednesday on Dawson's behalf seeking to declare that his Hot Lotto jackpot in May 20 ...
Feb 4, 2016, 9:10 pm - Lottery News forum

More state lotteries adding "win for life" games
More than half of US lotteries now offer a for life lotto draw game By Todd Northrop In the past year a new multi-state lottery game concept where the top prize pays out over the lifetime of the winner has swept across the United States. Just like there are two big-jackpot multi-state lottery games Powerball and Mega Millions there are also two multi-state for life games: Cash4Life and Lucky for Life. The games offer a top prize and a second prize that pay off over the lifetime of th ...
Jan 22, 2016, 6:45 am - Lottery News forum

Lottery officials say identifying winners a must
States wrestle with winners' privacy vs. integrity of games In the California lottery handbook for winners, officials offer a few suggestions to newly minted millionaires. Change your number. Stop answering your phone. And find a reputable financial adviser. That's because along with the money comes 15 minutes of fame as the names of winners are required to be made public in California and many other states. All eyes are on the Los Angeles suburb of Chino Hills, where one of three ticke ...
Jan 19, 2016, 12:24 pm - Lottery News forum

Multi-state Wild Card 2 game ending in February
North Dakota joining Lucky for Life multi-state game By Todd Northrop Wild Card 2, a multi-state lottery game currently offered in four states, is ending with the Feb. 24 drawing. The lottery game that has been played in one form or another for more than 20 years is being dropped after a fall in popularity, according to lottery officials. Wild Card 2 offers two plays for $1. It got its start in 1994 as Tri-West Lotto and was offered only in Idaho, Montana and South Dakota. In 1998, i ...
Jan 18, 2016, 9:59 am - Lottery News forum

Iowa Lottery CEO Terry Rich to answer lottery player questions live Monday evening
Lottery Post will host event at 8pm EST By Todd Northrop Lottery players from across the United States and around the world will have the chance Monday evening to ask questions about the Eddie Tipton computerized drawing rigging scandal to Terry Rich, Iowa Lottery CEO, who was instrumental in discovering the crime. In December 2010 a Hot Lotto jackpot worth $16 million was won on a ticket purchased in Iowa. One year later, with just two hours to spare before the ticket was to expire, a ...
Jan 11, 2016, 10:39 am - Lottery News forum

Tipton granted delay in next trial until July
A judge has delayed the trial for a former lottery official accused of fixing jackpots in several states. Former Multi-State Lottery Association security director Eddie Tipton had been scheduled to stand trial Jan. 6 in Des Moines, Iowa. But Tipton waived his right to a speedy trial last week, and his attorney asked for a delay. Judge Jeffrey Farrell last week reset the trial for July 18. Tipton has pleaded not guilty to charges of ongoing criminal conduct and money laundering. This ...
Dec 29, 2015, 6:24 pm - Lottery News forum

MUSL CHIEF OUSTED OVER JACKPOT-RIGGING SCANDAL
Key industry official has run Powerball from its inception Bret Toyne appointed interim executive director A prominent lottery official who has run the Powerball game since its inception was quietly removed from his 28-year post leading the Multi-State Lottery Association after a jackpot-fixing scandal inside his organization got bigger, according to a document obtained by The Associated Press. Charles Strutt, executive director of the association since its 1987 founding, was stripped o ...
Dec 23, 2015, 2:39 pm - Lottery News forum

Prosecutors say Tipton rigged two jackpots he purchased tickets for in Kansas
MUSL computerized drawing scandal now confirmed in 5 states, still looking for more The former security chief for a national association that operates lotteries personally bought two tickets that won jackpots in Kansas, investigators said Monday, bringing to five the number of states where he may have rigged lottery drawings. Investigators recently linked Kansas jackpots won in 2010 to Eddie Tipton, the former security director of the Multi-State Lottery Association, Iowa assistant attorne ...
Dec 21, 2015, 7:58 pm - Lottery News forum