Editorial calls for revamp of Oregon Lottery governance
The Register-Guard editorial staff may be on to something for all states to consider
Last week's firing of Jack Roberts as director of the Oregon Lottery offers Oregonians a warning: A governance structure established by voters 30 years ago for a small-time scratch-off ticket operation may be poorly suited to the billion-dollar enterprise the lottery has become. The 2017 Legislature should study whether existing systems of oversight and control are adequate, and refer any needed improvements ...
May 4, 2016, 8:26 am - Lottery News forum
How to win the lottery (happily)
If you have won the lottery, or if you plan to do so, please keep reading this column. The information is vital not just to your happiness but also to the progress of social science.
You have a chance to dispel the notion of the curse of the lottery, which is blamed whenever a big winner ends up divorced, depressed, destitute or dead. Journalists like to explain that the curse is no mere legend the futility of winning the jackpot has been demonstrated by actual scientists with jobs at accredi ...
May 27, 2014, 8:06 am - Lottery News forum
5 greatest movies featuring a lottery win
Be honest: every time you play the lottery, the same fantasy runs through your head, of you sitting in a bath full of champagne, wearing a top hat and monocle, and throwing wads of cash into the air gleefully. Before you've even left the shop, you've spent half the money that you're almost definitely destined to win, no matter what the actual odds.
Feeding this fantasy is the many, many movies that have involved lottery wins, and the results for the winners. They are invariably everyman chara ...
Oct 9, 2013, 2:15 pm - Lottery News forum
Twelve things not to do if you win the lottery
Imagine becoming vastly wealthy overnight. Being a winner of a multimillion dollar lottery has to be incredible. It certainly is going to be a life-changing event for almost every single lottery winner. But what about when the prize is an astronomical sum of $100 million, $200 million or $300 million? If you happen to be lucky enough to win a lottery, please avoid some of the simple mistakes, and complex mistakes, that have taken other lottery winners into bankruptcy.
Imagine being Joe Somebo ...
Aug 27, 2013, 6:47 am - Lottery News forum
6 things to do before claiming your lottery prize
What should you do if you win the lottery? Take it from someone who has developed a national reputation for working with sudden wealth recipients or as a client recently remarked, a lottery financial adviser : There are countless financial, tax and legal strategies that you can take to make the most of your sudden money but not so fast! Winning the lottery is a unique sudden wealth event that requires several immediate decisions. Here are six things you should do before you claim your lottery pr ...
Jun 5, 2013, 8:55 am - Lottery News forum
The lottery fantasy: How much money do you need to say 'buzz off, world'?
By Peter McKay
We don't play the lottery very often. So I always get a little aggravated when I'm standing in line to buy Junior Mints and some clown in front of me has an inch-thick stack of lucky numbers he's going to play. But every once in a while, when the jackpot gets into ludicrously high levels, so high that it makes the 6 o'clock news, we break down and get a ticket.
And even though we don't actually play the lottery very often, my wife and I spend an inordinate amount of time pla ...
Jun 24, 2012, 8:52 am - Lottery News forum
Opinion: Powerball winners will lose big if they go public
There must be 109 million ways to ruin your life after finding out you won Powerball. But the most critical decision comes quickly, after about the fourth or fifth time you check the numbers.
To go public or not? To grip a check the size of a Charlie Sheen poster for the cameras? Or to hide your good fortune from an admiring and envious world?
We've heard from a couple who say they own the $109 million Powerball ticket sold in Abingdon last week, says Carole Everett, spokeswoman for the M ...
Sep 13, 2011, 11:49 am - Lottery News forum
Should lottery winners share with colleagues?
By Jason Marsh
If you won $19 million, would you share it with your co-workers?
That's the question seven lucky New York state employees arereportedly contemplating after claiming the huge Mega Millions lottery jackpot Thursday. For years, the so-called Albany Seven have pooled their money to buy lottery tickets together.
Now that their numbers have come up, they are in a position to share their winnings with five colleagues who had been part of the pool in the past but didn't pitch in ...
Apr 3, 2011, 7:08 am - Lottery News forum
Forbes: Tonight's $312M Mega Millions lottery is a sound investment
Editor's Note: Tonight's $312 million Mega Millions drawing takes place at 11:00 pm Eastern Time (8:00 pm Pacific Time). The winning numbers will be published at USA Mega (www.usamega.com) and at Lottery Post's Lottery Results page.
Playing the lottery is a fool's errand. Everyone knows it's a losing gamble, that the house wins and that, especially as jackpots increase, the odds of winning are slightly lower than the odds of getting struck by lightning twice. (Just ask this guy.) In tonight's ...
Mar 25, 2011, 7:47 pm - Lottery News forum
Illinois Lottery privatization announcement expected Wednesday
Southtown Star Editorial
Illinois Gov. Pat Quinn is about to make a billion-dollar decision to which most of us haven't paid much attention. For months, consortiums and companies have been working behind the scenes to become the jackpot winner of a prize that will set an international gambling precedent.
Illinois is soon to become the first in the United States to turn over its state lottery operations to a privately owned company. How this experiment progresses undoubtedly will set preced ...
Sep 14, 2010, 8:08 am - Lottery News forum