Friday, May 17, 2013
The $600 million jackpot is the second-largest jackpot in the game’s history.
Want to try your luck at Powerball? You only need one $2 lottery ticket to play. The Powerball jackpot was boosted to $600 million, or a $376.9 million cash prize for the Saturday, May 18, drawing after none of the tickets sold Wednesday matched the winning numbers. The multi-state mega-lottery had rolled to a $475 million value after Wednesday's drawing, but increased by $75 million Thursday afternoon as a result of strong ticket sales, according to thePennsylvania Lottery. The $600 million jackpot is the second-largest jackpot in the game’s history. The largest was won last Nov. 28, 2012, when a $587.5 million jackpot was shared by two tickets sold in Arizona and Missouri. Tickets for the next Powerball drawing will be available until 9:…
Thursday, January 17, 2013
Some lottery retailers are unsure of what the future holds, while Democratic State Sen. Matt Smith calls the decision to hire a British-based company to run the Pennsylvania Lottery a “risky scheme.”
Yankello's became the first Sewickley business in 1980 to sell lottery tickets, according to co-partner Mike Yankello. But now with the state poised to hire a British company to run the Pennsylvania Lottery, Yankello is concerned about what the future could hold. Long-time clerk Richard Praskach didn't appear hopeful. "The lottery needs to make changes, but I'm not sure this is it," he said. State Sen. Matt Smith is also questioning how Gov. Tom Corbett’s administration made the decision. The first-term Democratic senator from Mt. Lebanon said a hearing with the Finance Committee helped to shed light on the decision-making process by the administration, but it “does not forgive the actions taken that effectively cut the public and …
Sunday, December 9, 2012
This week, some state House Democrats voiced their opposition to Gov. Corbett's plan to award a contract to privatize the lottery to Camelot Group—with no other bidders in the running.
The Pennsylvania Lottery is one of the most successful and well-managed state lotteries in the nation. Last year, the PA Lottery had annual sales in excess of $3.2 billion and, according to House Democrats, has held administrative costs to record lows of just over 2 percent. According to DailyFinance.com, Pennsylvania State Lottery has steered $20.6 billion to a variety of causes since it began, but its profits have primarily been funneled into an elderly benefits fund. This fund includes subsidies for transportation, tax rebates and Medicare. As of last year, about 61 percent of the annual ticket sales go to prizes, 30 percent goes to the state and the rest is for expenses. That's a higher percentage of prize return than most other states…
Friday, November 9, 2012
State officials release terms for the potential agreement—which calls for a $150 million upfront payment to the state—in an announcement today.
The state Department of Revenue on Friday announced key terms of a potential private management agreement for the Pennsylvania Lottery. Such an agreement would turn over some unspecified duties of managing the lottery to a private company, which would pay the state up front but then would be compensated for its work. State officials earlier this year began looking at privatizing the lottery as a way of maximizing its revenue. According to a release, key terms of the agreement would include: Now that the scope and terms of a management contract have been determined, a multi-agency team is exploring private management and is reviewing the business plans of qualified bidders. Those business plans will include each qualified bidder’s proposal …
Thursday, March 29, 2012
What would you do if you won all that cash? Tell us in the comments.
Although the odds of a Moon or Crescent resident hitting the lottery are probably something like one in a billion, that doesn’t stop us from dreaming. In case you haven’t heard, the Mega Millions jackpot is up to $500 million. That’s half a billion dollars or—as I like to call it—set-for-life dollars. If you won, what would you do with all that money? I’d pay off my debts (mortgage, school loans, credit cards, etc.) and my loved ones’ debts—maybe even some readers’ debts!—and book a nice, long vacation to Hawaii. Have you even been to Hawaii? It’s gorgeous! I can fantasize, right? So tell me, would you do if you won this giant pile of cash. Take a swim in it ala Scrooge McDuck? Go on a cruise … or maybe buy the cruise ship? Share your …
sieben13
7:18 pm on Saturday, January 12, 2013
If we didn't have President Obama , I know where your sorry ass would be .Poor repuglcans amaze me ,you can't do anything for your party except vote. You have no serious money more ›