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Tag: Lotteries

  • The Powerball jackpot is set to be world’s biggest-ever lotto prize. The drawing for $1.6 billion is Saturday | CNN

    The Powerball jackpot is set to be world’s biggest-ever lotto prize. The drawing for $1.6 billion is Saturday | CNN

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    CNN
     — 

    The “world’s largest lotto prize ever offered” – an estimated $1.6 billion jackpot – is now at stake in Saturday’s Powerball drawing, the multi-state game operator said Friday.

    The jackpot, which has a lump-sum option of an estimated $782.4 million, “breaks the world record for the Largest National Lottery Jackpot in the Guinness World Records,” the participating California Lottery tweeted.

    The Guinness World Records’ “Greatest jackpot in a national lottery” was set by Powerball in January 2016, when three tickets won a $1.586 billion jackpot.

    Saturday’s drawing will take place at 10:59 p.m. ET at the Florida Lottery draw studio in Tallahassee. It will be the 40th Powerball drawing since the jackpot was last won August 3 in Pennsylvania, according to Powerball.

    If no one wins, it will “tie the game record for the number of consecutive drawings without a grand prize winner,” the operator said.

    “This Powerball game is delivering exactly what our players want,” Powerball Product Group Chair Drew Svitko said in a statement.

    “We are witnessing history in the making with this $1.6 billion jackpot! What’s also exciting is that this run has already created millions of winners, including nearly 100 players who have won prizes worth $1 million or more.”

    Powerball tickets are $2 per play and are sold in 45 states, the District of Columbia, Puerto Rico and the US Virgin Islands.

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  • In the 5 states without lotteries, a case of Powerball envy

    In the 5 states without lotteries, a case of Powerball envy

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    WEST POINT, Ga. — Loretta Williams lives in Alabama but drove to Georgia to buy a lottery ticket for a chance at winning the $1.5 billion Powerball jackpot.

    She was one of many Alabama ticket-buyers flooding across state lines Thursday. The third-largest lottery prize in U.S. history has people around the country clamoring for a chance to win. But in some of the five states without a lottery, envious bystanders are crossing state lines or sending ticket money across them to friends and family, hoping to get in on the action.

    “I think it’s ridiculous that we have to drive to get a lottery ticket,” Williams, 67, said.

    Five states — Utah, Nevada, Hawaii, Alaska and Alabama — do not have a lottery. A mix of reasons have kept them away, including objections from conservatives, concerns about the impact on low-income families or a desire not to compete with existing gaming operations.

    “I’m pretty sure the people of Florida, Tennessee, Mississippi and Georgia appreciate all of our contributions to their roads, bridges, education system and many other things they spend that money on,” said Democratic legislator Chris England, from Tuscaloosa, Alabama.

    Several times weekly, England hears from constituents asking when Alabama will approve a lottery: “Especially when people look on TV and see it’s $1.5 billion dollars.”

    In 1999, Alabama voted down a lottery referendum under a mix of opposition from churches and out-of-state gambling interests. Lottery proposals have since stagnated in its legislature, the issue now intertwined with debate over electronic gambling.

    In Georgia, a billboard along Interstate 85 beckons motorists to stop at a gas station billing itself as the ”#1 LOTTERY STORE” — 2 miles (3 kilometers) from the Alabama-Georgia line. Alabama car tags outnumbered Georgia ones in the parking lot at times and a line for ticket purchases stretched across the store.

    Similarly, anybody in Utah wanting a lottery ticket must drive to Idaho or Wyoming, the two nearest states to the Salt Lake City metro area, where most of the population resides. Lotteries have long been banned in Utah amid stiff opposition to gambling by leaders of The Church of Jesus Christ of Latter-day Saints, known widely as the Mormon church. The faith has its headquarters in Salt Lake City and the majority of lawmakers and more than half of the state’s residents belong to the religion.

    In Malad, Idaho, 13 miles (21 kilometers) from the Utah line, KJ’s Kwik Stop is taking advantage of Powerball’s absence in Utah, advertising directly to Utah residents to cross over for tickets. “Just because Utah doesn’t participate in the lottery doesn’t mean you can’t!” their website read recently.

    KJ’s sold hundreds of Powerball tickets to Utah residents on Thursday alone, said Cassie Rupp, a Kwik Stop cashier.

    In Alaska, when oil prices slumped in recent years, legislative proposals to generate revenue through lottery games, including possibly Powerball, faltered. A 2015 report suggested annual proceeds from a statewide lottery could be around $8 million but cautioned such a lottery could negatively affect charitable gaming activities such as raffles.

    Anchorage podcast host Keith Gibbons was in New York earlier this week but forgot to buy a Powerball ticket, even though he didn’t know the size of the jackpot. His response when told it could be $1.5 billion: “I need a ticket.”

    He believes even though Alaska is extremely diverse — Anchorage School District students speak more than 100 languages besides English in their homes — offering Powerball would appeal to everyone.

    “There’s a little bit of everybody here, and so when you bring things like that, it doesn’t just speak to our culture, it speaks to all cultures because everybody wants money, everybody wants to win, everybody wants to be part of the scene,” Gibbons said.

    Not everyone agrees.

    Bob Endsley is no fan of Powerball. He says Alaskans shouldn’t have the opportunity to buy tickets. “It’s a waste of money,” said Endsley, also finding fault with the taxes that have to be paid on winnings and the increasing jackpots.

    Taking a break from shoveling snow off his sidewalk, the Anchorage man said he once won $10,000 in a Canadian lottery. But it was so long ago, he said, that he doesn’t remember what he did with the windfall other than “paid taxes.”

    Hawaii joins Utah as the two states prohibiting all forms of gambling. Measures to establish a Hawaii state lottery or allow casinos are periodically introduced in the Legislature but routinely fail in committee.

    Opponents say legalized gambling would disproportionately harm Hawaii’s low-income communities and encourage gambling addictions. Some argue the absence of casinos allows Hawaii to maintain its status as a family-friendly destination. Gambling is popular among Hawaii residents, however, with Las Vegas one of their top vacation destinations.

    Wearing a University of Alabama cap, John Jones of Montgomery, Alabama, bought a Powerball ticket on Thursday in Georgia. He voted for an Alabama lottery in 1999 and said he hopes lawmakers there try again. A retired painter, Jones said he usually doesn’t buy a lottery ticket, but decided to take a chance.

    He said many Alabamians seem to be doing the same at the Georgia store. “I even met some friends over here,” said Jones, 67.

    ———

    Thiessen reported from Anchorage, Alaska. Associated Press writers Audrey McAvoy in Honolulu, Becky Bohrer in Juneau, Alaska, and Brady McCombs and Sam Metz both in Salt Lake City, Utah, contributed to this report.

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  • Powerball prize up to $1.5 billion, 3rd-largest ever in US

    Powerball prize up to $1.5 billion, 3rd-largest ever in US

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    DES MOINES, Iowa — The bad news is that no one won Wednesday night’s huge $1.2 billion Powerball jackpot.

    The good news is that means the prize has grown even larger to $1.5 billion ahead of the next drawing Saturday night. That is the third-largest lottery prize in U.S. history.

    The numbers drawn Wednesday night were: 2, 11, 22, 35, 60 and the red powerball 23.

    No one has won the top Powerball prize since Aug. 3, making for 39 consecutive drawings without anyone matching all six numbers.

    What’s behind three months of lottery futility? It’s simple math. The odds of winning the jackpot are an abysmal 1 in 292.2 million.

    It is because of those long odds that the grand prize has grown so large.

    The new $1.5 billion prize is actually for winners who opt for an annuity, paid out annually over 29 years. Nearly all winners choose cash, which for Saturday’s drawing would be $745.9 million.

    Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

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  • Going to win $1.2B Powerball prize? Consider not taking cash

    Going to win $1.2B Powerball prize? Consider not taking cash

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    DES MOINES, Iowa — Think you’re a sure bet for Wednesday night’s estimated $1.2 billion Powerball jackpot?

    If so, you need to decide whether to take cash, which would actually pay out $596.7 million, or choose the $1.2 billion annuity option that is twice as large but is paid out over 29 years.

    Winners of giant jackpots nearly always take the cash, and financial advisers say that might be a mistake.

    Nicholas Bunio, a certified financial planner from Downingtown, Pennsylvania, said even with his expertise, he would take an annuity because it would so dramatically reduce his risk of making poor investment decisions.

    “It allows you to make a mistake here and there,” Bunio said. “People don’t understand there is a potential for loss. They only focus on the potential for gain.”

    The gulf between the cash and annuity options has become larger because inflation has prompted a rise in interest rates, which in turn results in potentially larger investment gains. With annuities, the jackpot cash is essentially invested and then paid out to winners over three decades.

    Under the annuity plan, winners will receive an immediate payment and then 29 annual payments that rise by 5% each year until finally reaching the $1.2 billion total.

    Lottery winners who take cash either don’t want to wait for their winnings or they figure they can invest the money and end up with more money than an annuity would offer.

    As Jeremy Keil, a financial adviser from New Berlin, Wisconsin, put it, “There is no bad choice.”

    Keil said Powerball’s annuity assumes a 4.3% investment gain of the jackpot’s cash prize.

    “If you think you can beat the 4.3%, you should take the cash,” Keil said. “If you don’t, take the annuity.”

    While purchasing five Powerball tickets at a Speedway gas station in Minneapolis, 58-year-old Teri Thomas said she’d rather take the cash prize because she doesn’t think she’ll live long enough to collect an annuity over 29 years.

    “And I’d rather get all my good deeds done right away and feel good about the giving,” Thomas said, adding she would donate to groups that do medical research for children as well as help veterans, homeless people and animals.

    Of course, it’s good to keep in mind that your chance of winning the jackpot is incredibly small, at 1 in 292.2 million. That’s why no one has won Powerball’s top prize since Aug. 3 — resulting in 38 consecutive draws without a jackpot winner.

    All that losing has let the Powerball jackpot grow to be the fourth-largest in U.S. history. If no one wins Wednesday night, the jackpot could become the largest ever, topping a $1.586 billion Powerball prize won by three ticket holders in 2016.

    Officials urge anyone lucky enough to win a Powerball jackpot to consult a financial adviser — while keeping that valuable ticket safe — before showing up at a lottery office for an oversized check.

    Matt Chancey, an investment adviser in Tampa, Florida, said that certainly makes sense. But Chancey also urged winners to understand that if advisers earn a percentage from the investment of all that money, they have a financial stake in how the money is paid out and should be clear about any potential conflict.

    “If you go to a financial person and say you want to invest $1 billion, the financial person will say take the $600 million and we’ll pay taxes on it, you’ll have $300 million left over and I’ll invest it for you,” Chancey said. “That investment adviser will get fees off managing that money.”

    Chancey said talented investors probably could make more money than paid through an annuity but there is risk and advisers need to be open about their potential gain depending on how the jackpot winner’s invest choices.

    Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

    ———

    Associated Press writers Trisha Ahmed in Minneapolis and Margery A. Beck in Omaha, Nebraska, contributed to this story.

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  • $1 billion Powerball jackpot up for grabs Monday night

    $1 billion Powerball jackpot up for grabs Monday night

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    DES MOINES, Iowa — People showed up at convenience stores, groceries and gas stations across the country on Halloween hoping to find their own treat: a chance at Monday night’s massive $1 billion Powerball jackpot.

    Among them was Janice Turner, one of a steady stream of people — some wearing costumes — buying Powerball tickets at an outdoor kiosk in midtown Manhattan.

    “I’m hoping to be the next billionaire,” Turner said. “I think it’s going to be lucky Halloween.”

    In the same line was Scott Henyan, who was already making plans for a jackpot win.

    “I would definitely retire, finish my house, probably buy another house, maybe buy a couple of nice cars, take a nice vacation,” he said. “And then probably set all my friends and family up for the rest of their lives and travel the world, you know, do whatever I wanted.”

    In Houston, 60-year-old Candy Dumas, a real estate home stager, said she came to a Super K Food Store because of the high payout.

    “If I am the lucky winner tonight, the first thing I’m going to do is give some to my church, for sure,” Dumas said. “The second thing would be to buy a home for my children. That’s what I want to do to help my family for sure.”

    Guru Redey, a clerk at the store, said people come to the store from miles away because it has a history of selling large jackpot winners and people like to dream of owning expensive things they can’t afford.

    The jackpot soared after no one matched all six numbers in Saturday night’s drawing. It’s the fifth-largest lottery jackpot in U.S. history. The biggest prize was a $1.586 billion Powerball jackpot won by three ticketholders in 2016.

    No one has hit all six numbers since Aug. 3, a testament to how slim the odds are of winning the jackpot: 1 in 292.2 million.

    Monday’s huge jackpot comes less than two years after another lottery reached the $1 billion mark. A ticket matched all six numbers drawn Jan. 22, 2021, in the Mega Millions lottery to win the $1.05 billion dollar jackpot.

    Massive lottery jackpots have become more common in recent years as lottery officials have adjusted game rules and ticket prices to pump up the top prizes. The most recent tweak came in August, when Powerball officials added an additional drawing day — going from two drawings a week to three — in an effort to build larger prizes and boost sales.

    Although the odds of winning are meager, the chances of someone — or even multiple players — coming up with the winning numbers is growing. That’s because as the jackpot grows, more people pony up to play.

    The $1 billion jackpot prize is for winners who opt to take the full amount piecemeal over 29 annual payments. Nearly all winners opt for a lower cash payment, which for Monday’s drawing would be an estimated $497.3 million.

    Once a winning ticket matches the drawing, the Powerball jackpot starts over again at $20 million and continues to grow each drawing until it is won.

    Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

    ———

    Associated Press video reporter David M. Martin contributed to this report from New York. Associated Press video reporter Lekan Oyekanmi contributed to this report from Houston.

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  • Powerball draws $825M jackpot numbers, players await result

    Powerball draws $825M jackpot numbers, players await result

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    DES MOINES, Iowa — The Powerball jackpot stood at an estimated $825 million grand prize during Saturday night’s draw, but it was not immediately known if there was a winner.

    The winning numbers announced at 11 p.m. Saturday were: 19, 31, 40, 46, 57, 23.

    The $825 million estimated jackpot is the second largest in Powerball history. Strong ticket sales pushed the estimate up from $800 million on Friday, according to Powerball.

    If there is no winner, the next drawing could offer an even bigger prize.

    It has been nearly three months since anyone hit all six numbers and won the lottery game’s top prize, thanks to Powerball’s long odds of one in 292.2 million.

    The biggest prize in U.S. history was a $1.586 billion Powerball jackpot won by three ticketholders in 2016.

    Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

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  • Powerball draws $825M jackpot numbers, players await result

    Powerball draws $825M jackpot numbers, players await result

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    DES MOINES, Iowa — The Powerball jackpot stood at an estimated $825 million grand prize during Saturday night’s draw, but it was not immediately known if there was a winner.

    The winning numbers announced at 11 p.m. Saturday were: 19, 31, 40, 46, 57, 23.

    The $825 million estimated jackpot is the second largest jackpot in Powerball history. Strong ticket sales pushed the estimate up from $800 million on Friday, according to Powerball.

    If there is no winner, the next drawing could offer an even bigger prize.

    It had been nearly three months since anyone hit all six numbers and won the lottery game’s top prize. Thanks to Powerball’s long odds of one in 292.2 million, there have now been 37 consecutive draws without a jackpot winner.

    The biggest prize in U.S. history was a $1.586 billion Powerball jackpot won by three ticketholders in 2016.

    Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

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  • The Powerball jackpot increased to $825 million for Saturday night’s drawing. Here are the winning numbers | CNN

    The Powerball jackpot increased to $825 million for Saturday night’s drawing. Here are the winning numbers | CNN

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    CNN
     — 

    Winning numbers were drawn Saturday night for the second largest jackpot in Powerball history.

    The winning numbers are: 19, 31, 40, 46, 57 with a Powerball of 23.

    Powerball game leaders increased the jackpot estimate to $825 million for Saturday night’s drawing after “strong” ticket sales across the country, according to a news release from the Multi-State Lottery Association.

    “If a player wins Saturday’s jackpot, it will rank as the second largest jackpot in Powerball history, only behind the world record $1.586 billion Powerball jackpot, and fifth largest jackpot in U.S. lottery history,” the release read.

    The drawing took place at the Florida Lottery draw studio in Tallahassee at 10:59 p.m. ET on Saturday.

    “Saturday’s jackpot has grown to be Powerball’s largest prize so far this year. The jackpot was last hit on August 3, when a ticket in Pennsylvania matched all five white balls and the red Powerball to win a $206.9 million jackpot. Since then, the jackpot run has 36 drawings in a row with no grand prize winner,” the release read. “If the jackpot eludes players for a 37th time on Saturday, the jackpot is estimated to reach an annuitized $1 billion for the following drawing on Monday, Oct. 31.”

    According to the release, Powerball currently holds the world record for the largest jackpot, which was set in 2016.

    “The record $1.586 billion jackpot was shared by winners in California, Florida and Tennessee,” the release read.

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  • Powerball jackpot rises to $825 million, 5th largest in US

    Powerball jackpot rises to $825 million, 5th largest in US

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    DES MOINES, Iowa — A massive lottery jackpot got a little bigger Friday as the top Powerball prize climbed to an estimated $825 million ahead of Saturday night’s drawing.

    The Powerball jackpot ranks as the fifth-largest in U.S. history, though it’s good to keep in mind that it has grown so large because no one has hit all six numbers since Aug. 3. That’s 36 consecutive draws without a jackpot winner.

    Why the extended winless streak? Because the odds of winning the jackpot are an abysmal one in 292.2 million. The long odds are designed to limit jackpot winners, which in turn allows the grand prize to grow so large.

    The $825 million prize is for winners who choose to take their riches through an annuity, paid annually over 29 years. Nearly all winners opt for cash, which for Saturday’s drawing would be an estimated $410.2 million.

    Those winnings also would be subject to federal taxes. Many states tax lottery winnings, too.

    Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

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  • What are the 10 largest US lottery jackpots ever won?

    What are the 10 largest US lottery jackpots ever won?

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    DES MOINES, Iowa — Here is a look at the 10 largest U.S. jackpots that have been won and the states where the winning tickets were sold:

    1. $1.586 billion, Powerball, Jan. 13, 2016 (three tickets, from California, Florida, Tennessee)

    2. $1.537 billion, Mega Millions, Oct. 23, 2018 (one ticket, from South Carolina)

    3. $1.337 billion, Mega Millions, July 29, 2022 (one ticket, from Illinois)

    4. $1.05 billion, Mega Millions, Jan. 22, 2021 (one ticket, from Michigan)

    5. $768.4 million, Powerball, March 27, 2019 (one ticket, from Wisconsin)

    6. $758.7 million, Powerball, Aug. 23, 2017 (one ticket, from Massachusetts)

    7. $731.1 million, Powerball, Jan. 20, 2021 (one ticket, from Maryland)

    8. $699.8 million, Powerball, Oct. 4, 2021 (one ticket, from California)

    9. $687.8 million, Powerball, Oct. 27, 2018 (two tickets, from Iowa and New York)

    10. $656 million, Mega Millions, March 30, 2012 (three tickets, from Kansas, Illinois and Maryland)

    ———

    Sources: AP archives, www.megamillions.com and www.powerball.com

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  • No one hit Powerball jackpot, new drawing an estimated $800M

    No one hit Powerball jackpot, new drawing an estimated $800M

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    DES MOINES, Iowa — No one won an estimated $700 million Powerball jackpot Wednesday night, meaning the big prize will grow to an estimated $800 million for the next drawing.

    The numbers drawn were: 19-36-37-46-56-24

    No one has matched all six numbers and won the Powerball jackpot since Aug. 3, allowing the prize to grow to the fifth-largest in U.S. history. That amounts to 36 consecutive drawings without a jackpot winner. The next drawing is Saturday.

    The lack of a winner reflects the long odds of winning the grand prize, which are one in 292.2 million.

    The new $800 jackpot amount is for winners who take their winnings through an annuity, paid annually over 29 years. Nearly all winners actually choose the cash option, however, which would be $383.7 million after taxes.

    The biggest lottery jackpot to date was a $1.586 billion Powerball prize that three ticket holders won in 2016.

    Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

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  • Powerball jackpot rises to $700M, 8th largest lottery prize

    Powerball jackpot rises to $700M, 8th largest lottery prize

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    DES MOINES, Iowa — The eighth-largest lottery jackpot will be up for grabs when numbers are drawn for an estimated $700 million Powerball grand prize.

    No one has matched all six numbers and won Powerball’s top prize since Aug. 3, allowing Wednesday night’s jackpot to slowly grow for a nearly three months. Of course, the reason no one has won the giant prize is because the odds of hitting all the numbers are so miserable, at one in 292.2 million.

    The $700 million jackpot is for those who take an annuity option, paid out annually over 29 years. Winners nearly always opt for cash, which for Wednesday’s drawing would be an estimated $335.7 million before taxes.

    The biggest lottery jackpot was a $1.586 billion Powerball prize that three ticket holders won in 2016.

    Powerball is played in 45 states as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

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  • Ohio Gov. Mike Dewine names Michelle Gillcrist as nominee for Lottery Commission Director | Yogonet International

    Ohio Gov. Mike Dewine names Michelle Gillcrist as nominee for Lottery Commission Director | Yogonet International

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    Ohio Governor Mike DeWine has nominated Michelle Gillcrist as Director of the Ohio Lottery Commission. Gillcrist was named interim director in April. In a statement, Governor DeWine said: “Michelle Gillcrist has the right combination of management experience and visionary thinking to lead the Ohio Lottery Commission.”

    Prior to her appointment as interim director, Gillcrist served DeWine in various capacities during his tenure as Governor, Ohio Attorney General and United States Senator, most recently as Governor DeWine’s Northern Ohio Regional Liaison and the Governor’s Aerospace and Defense Liaison for Northeast Ohio.

    Gillcrist has also previously served in government relations positions for MetroHealth, the Visiting Nurse Association of Ohio, the Cleveland Clinic, Battelle Memorial Institute and the Greater Cleveland Growth Association. She received bachelor’s and master’s degrees from John Carroll University and a Juris doctorate from the Case Western Reserve University School of Law.

    Gillcrist’s appointment as interim director following the abrupt resignation of Pat McDonald citing medical reasons. McDonald stepped down last month after serving the Ohio Lottery Commission for 16 years. He initially worked as a member and long-time chair of the Ohio Lottery Commission before being appointed as director by DeWine in 2019.

    His departure came during a crucial period for the Ohio Lottery. The organization is preparing to rebid its central gaming system contract, valued at over $90 million every two years. It is working to resolve a long-standing impasse over the establishment of internet-based lottery gaming, or iLottery, in the state.

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  • Colorado Lottery adds third weekly drawing for Colorado Lotto+ | Yogonet International

    Colorado Lottery adds third weekly drawing for Colorado Lotto+ | Yogonet International

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    The Colorado Lottery introduced a third weekly drawing for Colorado Lotto+ on September 25. This new drawing will take place on Mondays, and adds to the existing Wednesday and Saturday drawings.

    The rules for the new Monday drawing will be consistent with the existing Colorado Lotto+ drawings. Players can select six numbers from a pool of 40, or they can opt for a Quick Pick. It’s important to note that players must be at least 18 years old to participate in the Colorado Lottery, and tickets for Colorado Lotto+ cost $2 each.

    Each ticket will continue to offer a variable multiplier (2X, 3X, 4X, 5X), and players can choose to add the “Plus” option for an additional $1. Opting for “Plus” provides a second draw opportunity with a prize of $250,000.

    The decision to add a third weekly drawing is aimed at generating larger jackpots and increasing the number of cash prizes and jackpots awarded annually. Colorado Lottery also noted the move aligns with industry best practices, as both Powerball and Mega Millions have also added a third drawing in recent years.

    Tom Seaver, the director of the Colorado Lottery, emphasized that this decision was made in response to player demand.

    He stated: “By adding a third draw day for our own home state jackpot game, we are giving players what they have been asking for, which is the opportunity to win more prizes. As we increase revenue, in a responsible way, we are able to help fund even more important projects that support parks, trails, recreation, conservation, wildlife, and schools in our growing state.”

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