February 12, 2012

Powerball raises prices to 2 dollars

The Missouri Lottery says Powerball tickets will be raising from 1 to 2 dollars. Lottery Director May Scheve Reardon says this is in an effort to make jackpots larger. She says profits are largely driven by jackpots, so for the past seven years, those in charge of Powerball have been debating what to do to drive up jackpots.

She says more, bigger, better means, more chances to win, bigger jackpots and better odds. Powerball is taking a few balls out of the game, so its easier to win. Reardon says this will probably result in a nearly 30 percent drop in players, but it will still be worth it.

Gaming commission proposes end to lifetime ban (AUDIO)

The state gaming commission suggests a lifetime ban from visiting Missouri casinos might last only five years for thousands of people on the list. 

Fifteen-thousand-950 people have declared themselves “disassociated persons” who should never be allowed into any of Missouri’s casinos.  The gaming commission proposes changing its rule as early as the end of March next year allowing those who now are permanently banned to take their names off the list after five years.  Almost 8,000 DAPs, as they’re called,  would be able to ask to be taken off the list then. [Read more...]

Only slight gambling problem in Missouri (AUDIO)

A study done for an organization hat works with people having gambling problems suggest problem gambling in Missouri is less of a problem. 

The state health department works with the Centers for Disease Control to determine how many gamblers have problems.  The study is of interest to the Missouri Alliance to Curb Problem Gambling.    All  iance member Susan Goedde, who works for the state lottery, says the survey has found only four-tenths of one percent of Missouri gamblers reported gambling-caused financial problems and only two-tenths of one percent reported family, work, or personal problems because of gambling.  [Read more...]

Lottery profits remain flat (AUDIO)

State lottery profits have been pretty flat for six years.  Profits since fiscal year 2005-2006 have shown a two-tenths of a percent drop one year, a two-percent increase the next year, a 2.3 percent drop the year after that, another percent-and-a-half drop last year, and an anticipated 1.7 percent increase in the fiscal year ending next week. The lottery expects its profits for this year to be about one-million dollars less than they were six years ago. [Read more...]

Lottery hits $4 billion milestone

The state lottery has hit a milestone—four billion dollars raised for the state budget in its 25 years. About three-and-a-half billion dollars have gone direclty to public education under a law that went into effect for the 1993-94 fiscal year. In the first seven years, proceeds went into the state general revnue fund to be used for education or any other program the legislature wanted money for. [Read more...]