New York Lottery axes $1.4M in scholarships after taking in $7.5 billion in 2008
The New York Lottery has quietly halted its college scholarship program for more than 1,150 high school seniors, blaming the governor's budget cuts.
One student from every high school in the state has been eligible for a $5,000 Leaders of Tomorrow scholarship since 2000.
The cut will save the agency, which took in about $7.5 billion in revenues last year, about $1.4 million.
A Lottery spokeswoman said the cut was necessary to comply with Gov. Paterson's request that all agencies cut abo ...
Feb 27, 2009, 7:48 am - Lottery News forum
More Arkansas lottery details emerge
Depending on how much money it collects, Arkansas' state-run lottery could fund college scholarships ranging from $2,500 to $5,500 annually under a draft bill released to lawmakers Wednesday.
Discussing the draft in a legislative committee meeting, House Speaker Robbie Wills, D-Conway, said he and the other lawmakers who have been working on the bill believe scholarship amounts should be tied to the performance of the lottery, which is still unknown.
We believe the bottom line is this: Th ...
Feb 26, 2009, 7:52 am - Lottery News forum
Arkansas lottery bill nearing completion
In Arkansas, the lottery is one of the biggest issues of this legislative session.
Speaker of the House Robbie Wills filed the first bill related to the issue, but it didn't have much in it. That's all about to change.
The speaker has been working on this very large document for months; in fact, he says he's learned more about how lotteries run than he ever thought he would.
It's in two parts: how the lottery operates and how the scholarships are funded and distributed.
The operation ...
Feb 24, 2009, 9:12 am - Lottery News forum
Georgia Lottery considers casino options
Plan aims to increase jobs, scholarship money
Underground Atlanta's developers have put their cards on the table to bring casino-style gaming to Georgia.
Dan O'Leary and John Aderhold, the leaseholders of Underground, have approached the Georgia Lottery board with plans for a half billion-dollar casino and hotel complex that would inject cash into the HOPE Scholarship and generate millions of tax dollars for the region.
The leaseholders of city-supported Underground and Delaware horse t ...
Jan 14, 2009, 3:27 pm - Lottery News forum
Arkansas voters get first lottery-only proposal
Arkansas banned lotteries even before state lawmakers determined how to properly pronounce the state's name.
The 1874 ban held through the era of Hot Springs' illegal casinos and their destruction at the hands of sledgehammer-wielding state troopers nearly a century later. In the time since, attempts to legalize a government-run lottery always included bringing back casino games or something else just as unpalatable for a state squarely in the nation's Bible Belt.
Now, though, a proposal b ...
Oct 31, 2008, 7:24 pm - Lottery News forum
Arkansas lottery certified for November ballot
The Arkansas secretary of state's office certified a proposed constitutional amendment for the November ballot Monday that would allow voters to decide Lt. Gov. Bill Halter's measure for a state-run lottery to fund college scholarships.
Only an anti-democratic move from some other party to try to get this initiative thrown off the ballot will deny Arkansas voters the right and the opportunity to decide this issue for themselves, Halter said at a Capitol news conference announcing certificat ...
Jul 23, 2008, 9:18 am - Lottery News forum
Georgia Lottery had record sales
A struggling economy hasn't kept Georgians from buying lottery tickets.
The Georgia Lottery announced Tuesday that sales for fiscal 2008, which ended June 30, were just under $3.52 billion, a record in the 15-year history of the games.
That's more than $97.6 million ahead of last year's record sales.
The Georgia Lottery transferred $858 million of that to the state for education programs, surpassing last year's record transfer by more than $4.8 million.
Lottery proceeds pay for t ...
Jul 15, 2008, 7:48 pm - Lottery News forum
Arkansas watches as Tenn rethinks lottery scholarships
If Lt. Gov. Bill Halter's push for a state lottery is successful, Arkansas legislators may want to consider Tennessee's dilemma before writing rules for spending proceeds that would be earmarked exclusively for college scholarships.
Arkansas' eastern neighbor is struggling with what to do with an unintended $460 million surplus from that state's version of a scholarship lottery. Part of the problem is that many scholarship recipients have not been able to maintain grades good enough to keep t ...
Apr 14, 2008, 10:21 am - Lottery News forum
Tennessee Gov. wants to spend lottery reserve
Excess money would be distributed to school districts
Tennessee Gov. Phil Bredesen said Thursday the state lottery's huge cash reserves need to be distributed.
Bredesen, a Democrat, has abandoned last year's proposal to create a $100 million pool that would have served as collateral to improve credit ratings for school districts, he told The Associated Press in an interview Thursday.
The legislature wanted to spend it, they didn't want to put it aside to enhance credit, Bredesen said. ...
Jan 11, 2008, 7:12 am - Lottery News forum
Georgia Lottery bonuses stir lawmakers into action
The Georgia Lottery board's decision to hand out nearly $3 million in bonuses to employees this year has lawmakers vowing to put new controls on the corporation.
Senate Majority Whip Mitch Seabaugh (R-Sharpsburg) filed legislation Friday that would give lawmakers appointments to the Lottery Corp. board. Currently, the governor appoints the board. His bill, which will be considered during the 2008 session, also would mandate that all Lottery Corp. spending, including employee bonuses, be appro ...
Dec 14, 2007, 10:54 pm - Lottery News forum