Georgia Lottery officials on Thursday approved an online ticket system for the first time, with sales expected to begin this fall. The online sales are projected to increase the lottery's revenue by millions.
A Georgia developer is planning to pitch his proposed $1 billion gambling complex to the Georgia Lottery Board. Developer Dan O'Leary is set to present the project on Thursday before the seven-member board. He describes it as an "initial introduction," and it could be the first time the board weighs in on the proposal.
A new report from a non-partisan think-tank recommends overhauling how the state uses lottery funds to pay for pre-kindergarten and college scholarships. But Gov. Nathan Deal says many of the ideas are non-starters.
State lawmakers are split over how to fix the HOPE college scholarship’s finances, with some pushing an income cap. By 2016, officials project the award will cover less than half of the University of Georgia’s tuition and fees.
Georgia could generate about $1 billion a year by legalizing three casinos. That's the conclusion of a report the Georgia lottery quietly gave Governor Nathan Deal last week. The lottery's board paid for the study. It looked at how much Georgia stood to gain by licensing casinos in Atlanta, Savannah and Jekyll Island.
Georgia Lottery officials say sales have exceeded $3.5 billion for the fourth year in a row. Lottery President and CEO Margaret DeFrancisco said despite a tough economy, the lottery only experienced about a 1 percent dip in sales.
The Georgia Lottery Corporation anticipates a $30 to 40 million dollar revenue drop from last year, but its affect on education won’t be known for another two weeks. Last year's lottery yielded lower revenues as well, but provided additional funds than the year prior.
A proposal to expand casino-like video lottery terminals to help fund the HOPE Scholarship program appears to be dead. When Governor Nathan Deal unveiled his own plan to fix HOPE this week, he rejected expanding gambling. And that pleased officials on Jekyll Island, where Republican State Representative Ron Stephens of Savannah proposed putting terminals.