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Lotto South
Lotto South was a three-state lottery game in Georgia, Kentucky, and Virginia, which ran from 2001 to 2006. It resulted from the September 2001 merger of three smaller jackpot games, one from each of the three lotteries. This was done in an attempt to create larger jackpots. Drawings took place at the WTVR-TV studios in Richmond, Virginia, on Wednesdays and Saturdays at 11:00 p.m. ET. Jackpots began at $2 million (annuitized); top-prize winners could choose to be paid either in 30 annual payments, or the cash option. The game was jointly administered by the Georgia Lottery, Kentucky Lottery, and Virginia Lottery. Sales of the game began on September 9, 2001. Its record jackpot was $27 million, won on December 31, 2005. The game had four prize levels; players needed to match at least three numbers to win. All prizes were paid on a parimutuel basis. The jackpot was paid either in cash or 30 annual payments, according to the winners' wishes. In January 2006, it was announ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lottery
A lottery (or lotto) is a form of gambling that involves the drawing of numbers at random for a prize. Some governments outlaw lotteries, while others endorse it to the extent of organizing a national or state lottery. It is common to find some degree of regulation of lottery by governments. The most common regulations are prohibition of sale to minors and licensing of ticket vendors. Although lotteries were common in the United States and some other countries during the 19th century, by the beginning of the 20th century, most forms of gambling, including lotteries and sweepstakes, were illegal in the U.S. and most of Europe as well as many other countries. This remained so until well after World War II. In the 1960s, casinos and lotteries began to re-appear throughout the world as a means for governments to raise revenue without raising taxes. Lotteries come in many formats. For example, the prize can be a fixed amount of cash or goods. In this format, there is risk to the org ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Georgia Lottery
The Georgia Lottery Corporation, known as the Georgia Lottery, is overseen by the government of Georgia, United States. Headquartered in Atlanta, the lottery takes in over US$1 billion yearly. By law, half of the money goes to prizes, one-third to education, and the remainder to operating and marketing the lottery. The education money funds the HOPE Scholarship, and has become a successful model for other lotteries, including the South Carolina Education Lottery. History A government-run lottery was explicitly allowed in a 1992 constitutional amendment to Article I, Section II, Paragraph VIII of the Georgia State Constitution, approved in a referendum. The GLC was created by a separate bill in 1992 by the Georgia General Assembly, and then-governor of Georgia, Zell Miller, in the Lottery for Education Act ( OCGA 50-27). Rebecca Paul, who began the Florida Lottery, then ran the Georgia Lottery for its first decade, before leaving to launch Tennessee Lottery in 2004. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monopoly Millionaires' Club
Monopoly Millionaires' Club (MMC) was a series of 16 scratchcard games that differed by its participating lotteries; its players could become eligible to be flown to Las Vegas to take part in an episode of the ''Monopoly Millionaires' Club'' game show (see below) It was initially a U.S. multistate lottery drawing game coordinated by the Multi-State Lottery Association (MUSL), using the ''Monopoly'' board game brand under license from Hasbro. Each $5 ticket for the draw game contained five numbers from 1 through 52, and a randomly generated sixth number from 1 through 28 that represented a property from the ''Monopoly'' board game. (Multiple plays from one bet slip were printed on separate tickets.) The jackpot began at $15million (annuity value) and was capped at $25million; if the jackpot was won, additional prizes of $1million (each paid in lump sum) would be awarded. Tickets also contained a code to "collect" the corresponding property on the MMC website; collecting specific ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Decades Of Dollars
Decades of Dollars (DoD) was an American lottery game that began as a multi-state game in January 2011, though by its end, only the Virginia Lottery offered it. Georgia and Kentucky joined Virginia in launching DoD; Arkansas joined in May 2011. (DoD replaced '' Win for Life'' in Kentucky; WFL ended in 2014 as a Virginia-only game.) DoD became a Virginia-only game in October 2014 when the other three states joined the Monopoly Millionaires' Club drawing game. DoD held its final drawing on April 30, 2015; Virginia replaced it with the multi-state Cash4Life, becoming its fourth member, but non-contiguous with its other three states. Decades of Dollars was drawn Monday and Thursday nights. DoD winners had a choice of 30 annual payments of $250,000 each (minus withholdings) or a lump sum of $4,000,000. Each Decades of Dollars game cost $2; players chose 6 numbers from 1 through 47. DoD prize structure: *Match 2 of 6: free DoD play or $2 (Kentucky and Virginia players received a DoD ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Georgia (country)
Georgia is a country in the Caucasus region on the coast of the Black Sea. It is located at the intersection of Eastern Europe and West Asia, and is today generally regarded as part of Europe. It is bordered to the north and northeast by Russia, to the south by Turkey and Armenia, and to the southeast by Azerbaijan. Georgia covers an area of . It has a Demographics of Georgia (country), population of 3.7 million, of which over a third live in the capital and List of cities and towns in Georgia (country), largest city, Tbilisi. Ethnic Georgians, who are native to the region, constitute a majority of the country's population and are its titular nation. Georgia has been inhabited since prehistory, hosting the world's earliest known sites of winemaking, gold mining, and textiles. The Classical antiquity, classical era saw the emergence of several kingdoms, such as Colchis and Kingdom of Iberia, Iberia, that formed the nucleus of the modern Georgian state. In the early fourth centu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Win For Life
Lottery games with "lifetime" prizes, known by names such as '' Cash4Life, Lucky for Life,'' and ''Win for Life,'' comprise two types of United States lottery games in which the top prize is advertised as a lifetime annuity; unlike annuities with a fixed period (such as 25 years), lifetime annuities often pay (sometimes for decades) until the winner's death. Scratch games Most U.S. lotteries offer at least one scratch game with lifetime prizes. These games vary; some lotteries offer multiple price points for "lifetime" games, with the top prize ranging from $50 daily to $1,000,000 yearly. Play for each game varies. Increasingly, American lotteries have introduced a cash option for winners of scratch games with such prizes (as they had begun in the 20th century with fixed annuities in almost all games, drawing or scratchcard.) Draw games The "Win for Life" game (which replaced "Lotto South") began in 2006 in Georgia, Kentucky, and Virginia. Kentucky dropped out in 2011, and Ge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parimutuel
Parimutuel betting, or pool betting, is a betting system in which all bets of a particular type are placed together in a pool; taxes and the ''house-take'', or ''vigorish'', are deducted, and payoff odds are calculated by sharing the pool among all winning bets. In some countries it is known as the tote after the totalisator, which calculates and displays bets already made. The parimutuel system is used in gambling on horse racing, greyhound racing, jai alai, and other sporting events of relatively short duration in which participants finish in a ranked order. A modified parimutuel system is also used in some lottery games. Definition Parimutuel betting differs from fixed-odds betting in that the final payout is not determined until the pool is closed — in fixed-odds betting, the payout is agreed at the time the bet is made. Parimutuel gambling is frequently state-regulated, and it is offered in many places where gambling is otherwise illegal. Parimutuel gambling is often al ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Virginia Lottery
The Virginia Lottery is an independent agency of the Commonwealth of Virginia. It was created in 1987 when Virginians voted in a statewide referendum in favor of a state lottery. The first ticket was sold on September 20, 1988. All profits from Virginia Lottery ticket sales go to K-12 public education, as required by Virginia's constitution. In Fiscal Year 2024, the lottery's profits totaled more than $934 million, accounting for approximately 10 percent of school funding in Virginia. That brought total lottery profits in Virginia (from 1989 through June 2024) to more than $16 billion. Daily draw games include Pick 3, Pick 4 and Pick 5, which are drawn twice daily, and Cash 5; with one drawing a day. The Virginia Lottery also offers numerous scratchers. It is one of 46 lotteries which sells Mega Millions tickets, and one of 47 offering Powerball. '' Cash4Life'' is nightly; Mega Millions is drawn Tuesdays and Fridays, while Powerball is drawn Mondays, Wednesdays and Saturdays. B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kentucky Lottery
The Kentucky Lottery, began in April 1989 after a November 1988 vote in which over 60% of voters cast ballots in favor of it. On April 4, 1989, ticket sales began at over 5,000 licensed retailers with over $5 million in sales on the first day. Kentucky Lottery players had two Scratch-off games to choose from, including, ''Beginner's Luck'' ($1) and ''Kentucky Derby Dreamstakes'' ($2). Kentucky Lottery proceeds fund college scholarship and grant programs across the Commonwealth, including every dime of the popular KEES program. More than $5.0 Billion in scholarships and grants have been awarded to Kentucky students. History The first legally authorized "lottery" in Kentucky was held in 1792 in order to raise funds to build a church in Lexington. A modern lottery was a highly debated topic in the gubernatorial race of 1987. Wallace G. Wilkinson, who went on to become governor, touted the introduction of a state lottery in a heavily funded campaign that ended up being one of the bi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Present Value
In economics and finance, present value (PV), also known as present discounted value (PDV), is the value of an expected income stream determined as of the date of valuation. The present value is usually less than the future value because money has interest-earning potential, a characteristic referred to as the time value of money, except during times of negative interest rates, when the present value will be equal or more than the future value. Time value can be described with the simplified phrase, "A dollar today is worth more than a dollar tomorrow". Here, 'worth more' means that its value is greater than tomorrow. A dollar today is worth more than a dollar tomorrow because the dollar can be invested and earn a day's worth of interest, making the total accumulate to a value more than a dollar by tomorrow. Interest can be compared to Renting, rent. Just as rent is paid to a landlord by a tenant without the ownership of the asset being transferred, interest is paid to a lender by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Georgia (US)
Georgia is a state in the Southeastern United States. It borders Tennessee and North Carolina to the north, South Carolina and the Atlantic Ocean to the east, Florida to the south, and Alabama to the west. Of the 50 U.S. states, Georgia is the 24th-largest by area and eighth most populous. According to the U.S. Census Bureau, its 2024 estimated population was 11,180,878. Atlanta, a global city, is both the state's capital and its largest city. The Atlanta metropolitan area, with a population greater than 6.3 million people in 2023, is the eighth most populous metropolitan area in the United States and contains about 57% of Georgia's entire population. Other major metropolitan areas in the state include Augusta, Savannah, Columbus, and Macon. The Province of Georgia was established in 1732, with its first settlement occurring in 1733 when Savannah was founded. By 1752, Georgia had transitioned into a British royal colony, making it the last and southernmost of the origi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eastern Time Zone
The Eastern Time Zone (ET) is a time zone encompassing part or all of 23 U.S. states, states in the eastern part of the United States, parts of eastern Canada, and the state of Quintana Roo in Mexico. * Eastern Standard Time (EST) is five hours behind Coordinated Universal Time (UTC−05:00). Observed during standard time (late autumn/winter in the United States and Canada). * Eastern Daylight Time (EDT) is four hours behind Coordinated Universal Time (UTC−04:00). Observed during daylight saving time (spring/summer/early autumn in the United States and Canada). On the second Sunday in March, at 2:00 a.m. EST, clocks are advanced to 3:00 a.m. EDT, creating a 23-hour day. On the first Sunday in November, at 2:00 a.m. EDT, clocks are moved back to 1:00 a.m. EST, which results in a 25-hour day. History The boundaries of the Eastern Time Zone have moved westward since the Interstate Commerce Commission (ICC) took over time-zone management from railroads in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
