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Pennsylvania Lottery
The Pennsylvania Lottery is a lottery operated by the Commonwealth of Pennsylvania. It was created by the Pennsylvania General Assembly on August 26, 1971; two months later, Henry Kaplan was appointed as its first executive director. The Pennsylvania Lottery sold its first tickets on March 7, 1972, and drew its first numbers on March 15, 1972. Lottery proceeds By Pennsylvania law, at least 40 percent of Lottery proceeds are required to be paid as prizes, with another 27 percent towards funding programs. Currently, the Pennsylvania Lottery exceeds these requirements, as 60.9 percent is paid as prizes, 29.9 percent to programs, 6.7 percent is paid as retailer and vendor commissions and 2.5 percent is consumed as operating expenses. For the 2009–2010 fiscal year, approximately $3.065 billion in gross revenue was acquired through proceeds and interest. Approximately $1.87 billion was paid as prizes, $915.7 million to programs, $207 million was paid as retailer and vendor commissi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pennsylvania
Pennsylvania, officially the Commonwealth of Pennsylvania, is a U.S. state, state spanning the Mid-Atlantic (United States), Mid-Atlantic, Northeastern United States, Northeastern, Appalachian, and Great Lakes region, Great Lakes regions of the United States. It borders Delaware to its southeast, Maryland to its south, West Virginia to its southwest, Ohio and the Ohio River to its west, Lake Erie and New York (state), New York to its north, the Delaware River and New Jersey to its east, and the Provinces and territories of Canada, Canadian province of Ontario to its northwest via Lake Erie. Pennsylvania's most populous city is Philadelphia. Pennsylvania was founded in 1681 through a royal land grant to William Penn, the son of William Penn (Royal Navy officer), the state's namesake. Before that, between 1638 and 1655, a southeast portion of the state was part of New Sweden, a Swedish Empire, Swedish colony. Established as a haven for religious and political tolerance, the B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Connecticut Lottery
The Connecticut Lottery Corporation, also called the CT Lottery, is the official lottery in Connecticut. It was created in 1971 by then-Gov. Thomas Meskill, who signed Public Act No. 865. The first tickets were sold on February 15, 1972. The Connecticut Lottery offers several in-house drawing games; Connecticut also participates in Mega Millions and Powerball; each are played in 44 states, the District of Columbia, and the U.S. Virgin Islands. Current Draw Games Drawings were broadcast on WCCT-TV (channel 20), the CW affiliate in the Hartford/New Haven television market prior to June 30th, 2024. A few days later the Connecticut lottery announced that it would no longer be televising the drawings. Play3 A three-digit numbers game-style game drawn twice daily, with day and night drawings. Tickets can be bought in 50-cent multiples. Bets include ''straight'' (all three digits in order), ''box'' (all three digits in any order) and ''pairs'' (any two digits). [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cash4Life
Cash4Life is an American multi-jurisdictional lottery drawing game; as of April 2021, it is offered by ten state lotteries and is drawn nightly. Ticket sales began on June 13, 2014, in New York and New Jersey; the first drawing took place three days later. Rules Each game costs $2 per drawing. Players pick five white ball numbers from 1 through 60 in the main field, plus one number from 1 through 4 from the second field, the green "Cash Ball". Players also have the option to have the terminal randomly select the numbers in both fields. Matching all five numbers in the main field plus the Cash Ball wins, or shares ("split-prize liability"), the equivalent of $1,000-per-day-for-life, or $7,000,000 cash, at the winner's option. Second prize, however, can have multiple winners of $1,000-per-week-for-life and/or $1,000,000 cash. New Jersey Lottery regulations require that players choose either the annuity or cash option when playing. First- and second-prize winners who chose the ann ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lucky For Life
Lucky for Life (LFL) is a Lottery, lottery drawing game, which, as of June 28, 2021, is available in 22 states and the D.C. Lottery, District of Columbia. Lucky for Life, which began in 2009 in Connecticut as ''Lucky-4-Life'', became a New England–wide game three years later, and added eleven lotteries during 2015. LFL's slogan is "The Game of a Lifetime". Drawings are performed by the Multi-State Lottery Association (MUSL) using a digital drawing system to pick the numbers . Lucky for Life is drawn nightly (7 days a week) at approximately 10:30 p.m. Eastern Time Zone (North America), Eastern Time. Lucky for Life was modified on September 17, 2013, adding a second "lifetime" prize tier, and a cash option for either annuity tier; LFL was modified again in January 2015 to its current format. Each Lucky for Life play costs $2. The District of Columbia joined Lucky for Life (the first member added without changing the game's double matrix) on February 15, 2015, Montana Lottery ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Powerball
Powerball is an American lottery game offered by 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, and overseen by the Multi-State Lottery Association (MUSL), which also manages other large jackpot games such as the Mega Millions. Drawings are held three times weekly on Mondays, Wednesdays, and Saturdays at 10:59 p.m. Eastern Time, at the Florida Lottery's headquarters in Tallahassee. The winning numbers are made up of five "white balls" from a matrix of 69 and one "Powerball" from a matrix of 26, resulting in jackpot odds of 1 in 292,201,338 per play. Each play costs two dollars, but players in some states can add Power Play, which allows players to increase the payout of their winning numbers, or Double Play, which allows players to use their numbers in a second, concurrent drawing with a different prize pool, each for an additional dollar. The official cutoff for ticket sales is 10:00 p.m. Eastern Time; some lotteries cut off sales earlier. ... [...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] |
Keno
Keno is a lottery-like gambling game often played at modern casinos, and also offered as a game in some lotteries. Players wager by choosing numbers ranging from 1 through (usually) 80. After all players make their wagers, 20 numbers (some variants draw fewer numbers) are drawn at random, either with a ball machine similar to ones used for lotteries and bingo, or with a random number generator. Each casino sets its own series of payouts, called "paytables". The player is paid based on how many numbers were chosen (either player selection, or the terminal picking the numbers), the number of matches out of those chosen, and the wager. There are a wide variety of keno paytables depending on the casino, usually with a larger " house edge" than other games, ranging from less than 4 percent to over 35 percent in online play, and 20-40% in in-person casinos. By way of comparison, the typical house edge for non-slot casino games is under 5%. History The word "keno" has French or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pennsylvania Bulletin
The ''Pennsylvania Bulletin'' is a weekly journal produced by the Commonwealth of Pennsylvania Pennsylvania, officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States. It borders Delaware to its southeast, Maryland to its south, West .... Created on a weekly basis by staff in the Legislative Reference Bureau of Pennsylvania, which is housed at the Pennsylvania State Capitol building in Harrisburg, Pennsylvania, this publication serves as "the Commonwealth's official gazette for information and rulemaking" and is released for public consumption each Friday at 9 a.m. It lists the recent changes made to various Rulemaking, agency rules and regulations within Pennsylvania's state government system and serves as a supplement to the ''Pennsylvania Code''. History In 1968, legislators of the Commonwealth of Pennsylvania realized that improvements needed to be made in the way cha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lump Sum
A lump sum is a single payment of money, as opposed to a series of payments made over time (such as an annuity). The United States Department of Housing and Urban Development distinguishes between " price analysis" and " cost analysis" by whether the decision maker compares lump sum amounts, or subjects contract prices to an itemized cost breakdown. In 1911, American union leaders including Samuel Gompers of the American Federation of Labor expressed opposition to lump sums being awarded to their members pursuant to a new workers compensation law by saying that when they received lump sums rather than periodic payments, the risk of them squandering the money was greater. ''The Financial Times'' reported in July 2011 that research by Prudential had found that 79% of polled pensioners in the UK collecting a company or private pension that year took a tax-free lump sum as part of their retirement benefits, as compared to 76% in 2008. Prudential was of the view that for many re ... [...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] |
Western Pennsylvania
Western Pennsylvania is a region in the Commonwealth of Pennsylvania Pennsylvania, officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States. It borders Delaware to its southeast, Maryland to its south, West ... encompassing the western half of the state. Pittsburgh is the region's principal city, with a Greater Pittsburgh, metropolitan area population of about 2.4 million people, and serves as its economic and cultural center. Erie, Pennsylvania, Erie, Altoona, Pennsylvania, Altoona, and Johnstown, Pennsylvania, Johnstown are its other metropolitan centers. As of the 2020 United States census, 2020 census, Western Pennsylvania's had a population of 3,753,944. Although the Commonwealth does not designate Western Pennsylvania as an official region of the state, it has retained a distinct identity since the colonial-era Province of Pennsylvania because of its geographic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
