California looks to British lottery model
California is seeking to become the first US state to privatize its lottery to raise as much as $37 billion ( 18 billion, 26 billion), with some of the funds used to finance governor Arnold Schwarzeneg ger's sweeping health care reforms.
Some of Wall Street's biggest investment banks have made unsolicited approaches to the state to convince it of the merits of privatization.
Goldman Sachs, Lehman Bros, JP Morgan, Bear Stearns, Citi, Merrill Lynch, Morgan Stanley and UBS have all made pit ...
Oct 20, 2007, 8:44 pm - Lottery News forum
Lottery fraudster spared prison
A Belfast woman who falsely claimed more than 40,000 (US$75,000) in benefits after she had won nearly 60,000 (US$110,000) playing the UK National Lottery has been spared jail.
In June 2000, Leanne Thompson, 29, from Bloomfield Parade, scooped 58,518, but failed to declare her change of circumstances to the benefits agencies.
The mother-of-three admitted making false statements to obtain benefits.
Belfast Crown Court Judge Her Honor Kennedy suspended a one year sentence for two year ...
Oct 10, 2007, 9:24 pm - Lottery News forum
Mom gets son's age wrong and wins lottery
A lucky mom has revealed how a mistake over her son's age won her a lottery fortune of almost 1.3 million (US$2.5 million).
Janet Baddick forgot to change 26 one of her regular numbers to 27 after her son Darren's 27th birthday.
But when 26 came up in the draw last week it meant Janet scooped 1,298,223.
Celebrating with husband Nick, left, Janet said, I normally update my numbers when somebody has a birthday but I had forgotten to do it this time. Thank goodness I didn't.
Oct 10, 2007, 8:35 pm - Lottery News forum
Study reveals online gambling led to *fewer* gambling problems
A report released by the British government's Gambling Commission today reveals that problem gambling has not increased over the last eight years, despite widespread speculation to the contrary.
In fact, there may be fewer problems today than before gambling was legalized in Great Britain on the Internet.
The British Gambling Prevalence Survey is a large-scale nationally representative survey of participation in gambling and the prevalence of problem gambling in Great Britain. The first B ...
Sep 19, 2007, 5:17 pm - Lottery News forum
Briton claims UK's biggest lottery win
Someone in Britain is a lot richer on Tuesday after claiming the country's biggest ever lottery win 35,425,411.80 pounds (US$71 million).
The winner matched all five main numbers and both lucky star numbers, 23, 40, 42, 43, 49, plus 2 and 6, to claim the entire Euro Millions jackpot from the August 10 draw.
Camelot, which operates the British arm of the trans-European lottery, said the lucky ticket holder had now come forward and the prize had been paid out.
It is the largest jackpot ...
Aug 14, 2007, 10:58 am - Lottery News forum
UK Lottery operator plans $500 million global lottery game
'American states' are in talks to participate in the Christmastime mega-draw
Camelot, the operator of the UK National Lottery, is poised to launch a worldwide draw with a record jackpot of about 250m (US $500 million), now that it apparently won a new 10-year license this week.
The company was named on Tuesday as the preferred bidder for a license to run from 2009, after fending off a bid from Sugal Damani, an Indian rival.
It is the third victory for Camelot, which has run the l ...
Aug 9, 2007, 2:17 pm - Lottery News forum
Camelot beats off rivals to win UK Lottery for next 12 years
The UK national lottery is to be run by incumbent operator Camelot for the next 12 years after the group persuaded regulators it was more likely to meet the funding demands of the London Olympics and other good causes than outsiders Sugal Damani, an Indian conglomerate.
Camelot was selected as preferred bidder for the 10-year license, starting from 2009, even though the National Lottery Commission said some of the operator's projections particularly its pledge of average yearly sales of ...
Aug 9, 2007, 8:39 am - Lottery News forum
U.K. Lottery operator wants to create global super-lottery
Camelot will launch the first ever global lottery draw if it wins the right to run Britain's game for another 10 years with players from all over the world generating jackpots of up to half a billion pounds (nearly one billion dollars).
The international lotto would dwarf the existing Euro Millions weekly game, in which nine countries have joined together to achieve astonishing top prizes of 125 million.
The new game would span the globe with some 50 countries already voicing interest i ...
Feb 9, 2007, 7:27 pm - Lottery News forum
Couple won U.K. Lotto, then gave most of it away
A couple from Sheffield who won 7.6 million (US$15 million) playing the lottery in 2000 have given away 6 million (US$11.8 million) of their fortune.
Ray and Barbara Wragg have made countless donations to charity and spent money on family and friends since winning the jackpot six years ago.
Weston Park Hospital in Sheffield, which specializes in cancer treatment, and Sheffield Children's Hospital have been the main beneficiaries.
We decided that 7.6 million was too much for two pe ...
Dec 14, 2006, 2:21 pm - Lottery News forum
Secrets of lottery millionaires
As the 2,000th UK Lottery millionaire pops the champagne, 16 former jackpot winners shared how their money has been spent and how their lives have changed.
I'VE BOUGHT AN ACRE OF THE MOON, VENUS AND MARS
David Copeland, 31, is single and lives in Hereford in a modest two-bedroom Sixties house.
Occupation: Former lab technician.
Won: 1,000,000 on January 4, 2000.
First purchase: On the day I won, I went to the supermarket and bought half a dozen bottles of champagne to s ...
Dec 11, 2006, 11:48 am - Lottery News forum