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What would the experts do with a lottery jackpot?Reply
If you won the lottery, as eight Nebraska meatpackers did last month, splitting a $365 million jackpot, what investment would be at the top of your wish list? Just doodling the rough numbers . . . $177.3M cash option by 8 = $22.162M - 25% federal and 5% Nebraska withholding = $15.5M - $2.22M another 10% of $22.162M for the total 35% federal tax obligation = $13.3M If that amount was invested in a high-yield corporate bond mutual fund yielding around 7%: $13.5M x 7% = $945,000 -
Mar 9, 2006, 11:58 pm - gy65 - Lottery News

Record Powerball lottery winner gets endorsement offerReply
Any time Chucky Sumer and that skank-slug from California is regurgitating words of wisdom, hold your nose and grab a barf bag. Chucky, the leading American who would would rather see you lying dead in the gutters of New York City, then have the chance to defend yourself. Barbara Box would look down and say, whats the problem? I can afford body guards, why can't you? Two people who have gotten rich off laws they have written, complaining about two Americans who got rich the old fashioned way
Feb 21, 2006, 2:42 pm - Chewie - Lottery News

$13m Lotto winner having trouble sleepingReply
Did you know you can plays New Zealand lottery games by subscription? There are no residency requirements. The following e-mail I received, after I requested information on subscriptions. Thanks for your email request for an information/starter pack. I have referred it to Chris Archer in our Commercial Operations team and I am sure that someone in her team will send this information to you promptly. Regards Helen Morgan-Banda New Zealand Lotteries Commission
Feb 17, 2006, 2:46 am - goldrush - Lottery News

Lottery gadfly not betting on getting top postNews Story
Some say she's a watchdog; others say she's a nuisanceDawn Nettles has a job interview Friday, but she figures the odds are against her. They're not going to hire me, the 54-year-old Garland woman said. They hate me with a passion. They refers to the Texas Lottery Commission and Gtech Corp., the company that operates the lottery for the state. The commission is seeking an executive director to replace Reagan Greer, who resigned in July after admitting he had signed off on advertising inflate
Oct 13, 2005, 9:51 am - Todd - Lottery News

Will gamble on lottery revenue pay off for N.C.?News Story
Research shows more money goes to schools, but ad blitz may have unintended costs The states now offering lotteries do not simply make a product available in order to accommodate the widespread taste for buying a low-priced chance at a big prize. They seek to foster that taste. ...The state lottery agencies have in fact evolved into a new breed of government agency created in the mold of the modern corporation with its eyes firmly fixed on the bottom line. So wrote Charles Clotfelter and Philip
Sep 19, 2005, 12:27 pm - Todd - Lottery News

Lottery tickets may soon be sold on military basesNews Story
More than 178,000 retail outlets across 41 states and the District of Columbia sell state lottery tickets. Last year these retailers earned more than $3 billion in commissions on ticket sales of almost $49 billion.Military exchanges want a piece of that action.Congress is weighing a first-ever proposal from the Department of Defense to amend current law to allow lottery ticket sales in stateside exchanges, except where such sales would pinch the businesses of blind vendors already selling lotter
Sep 12, 2005, 8:12 am - Todd - Lottery News

Bulger victims seek share of lottery jackpotNews Story
In the decade since South Boston gangster James Whitey Bulger fled to avoid federal racketeering charges, the fight over who cashes in on his $1.9 million share of a Massachusetts lottery jackpot has been nearly as intense as the hunt for the fugitive.The mothers of two women allegedly killed by Bulger unsuccessfully went to court for the windfall. Bulger's brother John and one of his sisters also failed to hit pay dirt in court.Yesterday, the lottery wrangle was rekindled. A federal judge ope
Apr 27, 2005, 10:41 am - Todd - Lottery News

Tennessee lottery sales lower than other first-year salesNews Story
Tennessee's lottery had a ho-hum first year in sales when measuring its results against lotteries in other states.Its sales were in the middle when compared with other lotteries last year in the nation. And its revenues lagged behind sales during lottery startup years in Florida and Georgia, both states in which Tennessee Lottery President Rebecca Paul presided over the games.Tennesseans spent about $147 per capita on lottery games in the past 12 months, based on total revenue figures announced
Jan 21, 2005, 12:06 pm - Todd - Lottery News

Ex-cop told to lie to claim Illinois Lottery prizeNews Story
Ron Smith was surprised to learn in August that he was banned from claiming a $995 Illinois Lottery prize because he had been working a security job with the state agency that oversees horse tracks.He continued to be amazed a couple of weeks later when a Lottery staffer called and asked him if he wanted to travel to Springfield and claim the cash on an apparent wink-and-nod basis. A telephone message later left at his house told him he could get the cash in Des Plaines, closer to his Will County
Jan 18, 2005, 9:21 am - Todd - Lottery News

Minnesota lottery chief's suicide note: 'Pity me, blame no one else'News Story
Before committing suicide in January, Minnesota State Lottery Director George Andersen left handwritten notes encouraging his family to not look back. He said he thought lottery operations were proper and am told they are not. Pity me, blame no one else. He added in another note: I must carry the burden and it is too much. . . . Andersen, 53, had run the lottery since it started in 1990 and had done so with little legislative oversight. The state Legislative Auditor reported recently that t
Mar 26, 2004, 8:42 am - Todd - Lottery News