Tuesday, March 18, 2008

Lottery Faces Financial Crisis, Trustee Reveals

By Tony Thornton, Staff Writer, The Oklahoman ~ The Oklahoma lottery faces a financial crisis unless legislators remove a requirement that guarantees the state 35 percent of all sales beginning next year, a lottery commission trustee said Tuesday.
By a 4-0 vote, the lottery's board of trustees renewed an earlier request to legislators to remove the stipulation.

Currently, 30 percent of all lottery sales are designated for public education. That figure jumps to 35 percent in the lottery's third year, according to legislation that put the lottery in place.

"I think we'd have a crisis if it's not changed," trustee James Orbison said. "And I'm afraid it's not going to be changed."
For the entire story, go to www.newsok.com.

Labels: , , ,

Share |