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Andy Rooney: Lotteries and lottery players are stupidNews Story
Editor: The following is a weekly 60 Minutes commentary by CBS News correspondent Andy Rooney, originally broadcast on March 19, 2006, and re-broadcast last night. The study that Rooney quotes, saying that poor people gamble the most, is completely false. All credible studies show that all demographics gamble roughly the same amount. Rooney's commentary is shown here to illustrate the ignorant and myopic arguments of some anti-lottery critics. I suppose it's true that I'm too easily annoye
Aug 7, 2006, 8:28 am - Lottery News

Powerball lottery jackpot powered-up to $100 millionNews Story
Even though the grand prize was not hit in the Wednesday evening Powerball drawing, the game paid off big in multiple ways. There were three tickets that won $600,000 with the Power Play option in North Carolina (1), North Dakota (1), and South Carolina (1). In addition, two other lucky tickets won $200,000 for matching 5 white ball numbers in the states of North Carolina (1), and Nebraska (1). The jackpot for the Saturday, June 17th drawing will be $100 million with the cash option at $
Jun 15, 2006, 2:57 pm - Lottery News

Intralot wins Idaho Lottery from larger rival GtechNews Story
The Idaho Lottery will have a new vendor starting next February after a Greek company that's expanding in the U.S. won a $30 million contract to run the state's scratch ticket and online gaming system from a larger rival. Intralot USA, a Georgia-based unit of Athens, Greece-based Intralot, beat out Rhode Island-based GTech by promising better service for instance, Idaho's online games, including Powerball, will run 24 hours a day under Intralot, up from the previous 22 hours and a more-at
May 3, 2006, 8:36 am - Lottery News

Powerball Back-to-Back Jackpots Set RecordNews Story
Just when it seemed as if the Powerball game had broken all records, yet another milestone has been set with the current jackpot of $220 million: It's the first time two consecutive jackpots have surpassed $200 million. The staggering $220 million jackpot for tomorrow night's drawing follows the last record-setter of $365 million, won in February by a group of eight third-shift workers at a meat-packing plant in Lincoln, Nebraska. The last time two big jackpots paired up was in 2003, when
Apr 12, 2006, 9:12 am - Lottery News

Wisconsin Lottery Posts Record QuarterNews Story
Lottery Topped Sales Of $142 Million The Wisconsin Lottery said it has had its best quarter ever. The lottery posted sales of just more than $142 million from January through March, the third quarter of the state's fiscal year. Previously, the fourth quarter of 1995 was the best when sales grew to nearly $140 million. The lottery has generated $391 million in sales through the first three quarters of the current fiscal year, thanks largely to a record Powerball jackpot won by eight w
Apr 12, 2006, 8:21 am - Lottery News

Buying Mega Millions lottery tickets a strictly defensive actNews Story
By Mark Hare Rochester Democrat and Chronicle Imagine how you'd feel if you came to work on a Monday morning and found the office empty. Not because the company had down-sized to a department of one. But because you were the only one who said no to the office Mega Millions pool. Ten co-workers bought 20 tickets and won - don't be greedy - say, a mere $175 million. They took a lump sum and walked away with $6 million after taxes. And then they walked right out the door into retirement.
Mar 22, 2006, 11:00 am - Lottery News

Lessons Learned: Lottery winners should never eat their seed cornNews Story
You surely have fantasized about what you'd do after winning one of the big lotteries. First, of course, on your buy list would be a hot, red convertible. Then, when spring arrives, you and a significant other could drive the convertible to Winter Park in the Denver area, to shop for a log second home in the $400,000 price range. With that mission accomplished, you might return to Nebraska and pay off the mortgage of every family member. Finally, you'd schedule a friends-and-family Cari
Mar 13, 2006, 7:57 am - Lottery News

What would the experts do with a lottery jackpot?News Story
Investment Hanging on to all those millions can be as tough as winning in the first place 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? Without a plan, the reality is that 70 percent of all lottery winners will squander away their winnings in a few years, said Peter Toll, president of Family Heritage First in West Linn and past president of Oregon's Financial Planning Ass
Mar 9, 2006, 6:56 am - Lottery News

N.D. Lottery director discusses new game possibilitiesNews Story
Possible joint venture between Mega Millions and Powerball could produce massive new game North Dakota's four lottery games have been more profitable than expected, and the state's gambling market could handle another two games before it is saturated, lottery director Chuck Keller believes. Some North Dakotans, who believed Powerball would be the only game introduced by voters' approval of a November 2002 lottery initiative, are wondering when the steady introduction of new gambling variet
Feb 28, 2006, 8:13 am - Lottery News

Mega Millions lottery jackpot raised to $212 millionNews Story
A dramatic increase in sales of Mega Millions lottery tickets has prompted the twelve Mega Millions states to raise the jackpot mid-week to $212 million. The new cash option is $126 million. Recently, the news has been filled with big jackpots and winners, said Mike Doyle, spokesperson for the California State Lottery. Wouldn't you love to be part of the winning? The sharply-increasing Mega Millions jackpot comes on the heels of a Powerball jackpot this week that set the record fo
Feb 23, 2006, 2:20 pm - Lottery News