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TagResults 461 - 470 of 517 for insider buzz. (0.03 seconds)

Easley continues quest for N.C. lottery
Entering the last year of his first term, Gov. Mike Easley is looking back on a busy year and preparing for his upcoming re-election campaign.After consecutive years of budget shortfalls, this year's budget seems to be on target. He fulfilled campaign promises to lower class sizes in the early elementary grades. But getting the General Assembly to approve a statewide lottery still eludes him.Easley sailed through national disasters such as Hurricane Isabel and survived man-made storms, such as t ...
Jan 26, 2004, 6:57 am - Lottery News forum

Mississippi lawmaker wants lottery
La., Tenn. games drawing Miss. customers, but bill unlikely to passMississippi state Rep. Alyce Clarke has introduced a bill for a lottery in Mississippi, but key lawmakers, including House Speaker Billy McCoy and the House Gaming Committee chairman, said don't bet on it passing.Clarke, D-Jackson, said she's tired of seeing Mississippians go to Louisiana and now Tennessee, which started its game Tuesday, to buy lottery tickets. It's better to keep the money here, Clarke said.Clarke's bill comes ...
Jan 21, 2004, 5:37 am - Lottery News forum

Scratch-offs bring big cash to states
Scratch-off lottery tickets may not produce the drama associated with high-jackpot games like Powerball or Mega Millions, but to most state lotteries they bring in something just as important: money.Lotteries across the country typically make more from scratch-off tickets than either multistate or state online games - the pingpong ball drawings of numbers that offer the larger prizes, according to several lottery officials. In most states across the country they sell far more instant tickets tha ...
Jan 20, 2004, 6:29 am - Lottery News forum

N.C. surrounded by state gambling
Tennessees launch of a state lottery on Tuesday leaves North Carolina surrounded by states sponsoring gambling games.The arrival of Tennessees lottery will dventually be a timesaver for Gail Nelson of Waynesville. A couple of times a year, she makes the 90-minute drive to Landrum, S.C., to buy $20 worth of lottery tickets for multimillion-dollar drawings.Her Haywood County home is just 30 minutes from the Tennessee line, and she said shell visit the Volunteer State once its lottery grows beyond ...
Jan 20, 2004, 6:16 am - Lottery News forum

Lottery winners challenge IRS, tax court rulings
Because lottery winner Benjamin Y. Lelina sold the rights to the balance of his winnings, he could lose $45,000 to Uncle Sam.The Jacksonville resident is not the only lottery winner to turn potential loser. He is just one of many caught up in an Internal Revenue Service enforcement action requiring such sales to be treated at higher personal income tax rates rather than as capital gains.The deck could be stacked against Lelina and his wife, Teresita S., in U.S. Tax Court here because the court p ...
Jan 17, 2004, 7:02 pm - Lottery News forum

Lottery Dead Issue in Alabama Legislature
Recent news accounts suggest the lottery will be back in the legislature this session due to discussion of budget shortfalls. Sen. Barron (D-Fyffe) said, I think we'll vote to let you vote on the lottery. Rep. John Rogers (D-Birmingham) indicated he would seek to introduce a constitutional amendment legalizing casinos and a lottery and Rep. Randy Hinshaw, (D- Meridianville) stated, We're in the position now where nothing is off the table. The Christian Coalition of Alabama distributes Candid ...
Jan 16, 2004, 5:15 pm - Lottery News forum

Alabama may revisit lottery this year
State Sen. Pro Tem Lowell Barron expects the lottery to return to Alabama this year as an option to deal with the states continuing budget crisis.Five years after Alabama voters turned away a lottery referendum and facing what he called the worst budget crisis in his 25 years in Montgomery, Barron, D-Fyffe, told a town hall meeting at Ruhama School in Dogtown on Monday the people will again get a chance to vote on a lottery. I think well vote to let you vote on the lottery, Barron told the crow ...
Jan 15, 2004, 5:44 am - Lottery News forum

If you win a lottery prize, the IRS awaits
A lottery prize means federal income tax obligationsWith the Tennessee Lottery to start in a week, participants might just be dreaming about a new house, a new car and traveling around the world. But it also means thinking about how playing the lottery can affect the filing of your federal income tax return.Winning a lottery prize may open the door to many financial opportunities, but it may also result in a significant federal income tax obligation. Keeping good records of your winnings and lo ...
Jan 13, 2004, 5:06 am - Lottery News forum

Indiana Bill Targets Deadbeat Parents' Gambling Winnings
Children Would Get Cut Of Gambling Winnings Under BillDeadbeat parents who gamble at riverboats and racetracks would have to give their children a cut of their winnings under a bill being considered by the Indiana Senate.The bill, sponsored by Sen. Richard Bray, R-Martinsville, would garnish the winnings of gamblers who owe child support. The program is similar to one already used by the Hoosier Lottery.Casinos, betting parlors and racetracks would be required to check the name of any person who ...
Jan 9, 2004, 5:26 am - Lottery News forum

International Lottery Game Collapses
20 states won't be getting millions of dollars in new revenue from a high-jackpot lottery after plans for the proposed international game collapsed amid a protest of U.S. military action in Iraq.The states were working toward the development of a lotto-style game that would have allowed 350 million residents scattered throughout the United States, Canada, Central America, Europe and Australia to compete for prizes that could have reached a total of $1 billion in a single drawing.But negotiations ...
Jan 5, 2004, 6:29 am - Lottery News forum