Indeed, a larger look at the lottery business in India — encompassing financial statements, reports by central government agencies, and conversations with industry insiders and experts — shows that the industry as a whole has very slim profit margins, of less than 1 percent. The profits are so small that they would not have been … Read more
By Scott McFetridge | Associated Press The stars have aligned in the lottery universe like never before, with two jackpots totaling nearly $2 billion. With an estimated $1.1 billion Mega Millions prize and an estimated $800 million Powerball jackpot, it’s the first time the two nearly national lottery games have each grown so large at … Read more
(CNN) — With no winner of the Mega Millions jackpot Friday, the grand prize for Tuesday’s drawing grew past the billion-dollar mark, according to the lottery. The jackpot for the next drawing on Tuesday night – an estimated $1.1 billion – marks the first time in seven months that the jackpot prize has topped $1 billion and only … Read more
By Taryn Phaneuf | NerdWallet Both major national lottery jackpots continued their march upward after drawings Monday and Tuesday, with Mega Millions inching tantalizingly close to an estimated $1 billion top prize. Only five previous Mega Millions jackpots have hit that mark. The Powerball jackpot rolled over again on Monday night and now stands at … Read more
By Elizabeth Wolfe | CNN An estimated $760 million jackpot will be up for grabs in the next Powerball drawing after no winning ticket was drawn Wednesday night. The lottery’s next drawing will be Saturday at 10:59 p.m. ET. After more than two months with no grand prize winner, the jackpot now carries a lump-sum … Read more
DUBAI: The United Arab Emirates has created a federal authority to potentially run a national lottery and what it describes as “commercial gaming,” likely a sign that it is on the verge of allowing gambling as major casino operators flock to the Gulf Arab nation. The state-run Wam news agency carried an announcement late Sunday … Read more