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Lottery advertising fails to increase sales

Posted on May 27, 2010 and seen 930 times

The Wisconsin Legislative Audit Bureau said Wednesday that lawmakers increased the Wisconsin Lottery's annual "product information budget" to $7.5 million from $4.6 million in 2006.

The report said agency officials estimated the increase would generate an additional $15 million in ticket sales per year but that has not happened.

Read the story at JSOnline.com

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Filed under  //   advertising   lottery  

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Racine couple wins $7.5 million Megabucks jackpot [video]

Posted on April 7, 2010 and seen 1203 times

A Racine couple won $7.5 million dollars in the Megabucks lottery game. After taxes, their take-home is $2.8 million dollars.

Other than buying a "bigger" house, Albert Mohrbacher Jr. and his wife say they would like to buy a new fishing boat and see San Francisco.

Congrats!

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Filed under  //   fishing   lottery   money   Racine  

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Winning lottery ticket sold in Rosendale

Posted on March 3, 2010 and seen 783 times

One ticket sold in Rosendale matched all five winning numbers Tuesday in the Wisconsin Lottery’s Badger 5 daily jackpot drawing to claim the $111,000 prize.

The winning ticket was sold at Mobil, 108 N. Main St., Rosendale.

Read the story

Image: FreeDigitalPhotos.net

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Filed under  //   lottery   money   Rosendale  

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Thousands in county missing out on lottery tax credit

Posted on January 25, 2010 and seen 1035 times

CHRIS RICKERT

If you're writing out a check this week for the first installment of your local property taxes, due Sunday, beware that you might be paying more than you owe.>

Based on a review of Dane County property records, treasurer David Worzala in November said there were about 14,000 homeowners who were likely eligible for the state's lottery tax credit, but not getting it because they never applied.

State officials do not track a similar, statewide number, according to fiscal analyst Al Runde, who administers the credit for the Legislative Fiscal Bureau. But if the trend in Dane County holds true in Wisconsin's 71 other counties, tens of thousands of homeowners could be forgoing millions in property tax relief.

The credit returns a portion of lottery revenues to homeowners. The only requirement for getting it is that your home be your "primary residence" on Jan. 1 of the tax year.

It's not a lot of money, and the amount changes from year to year based on lottery revenues and what school district you live in. But recently it's been about $75 to $100 per property owner, enough for a dinner at a swank restaurant. For 2008 taxes, the state set aside $117.8 million for the credit, Runde said, out of gross lottery revenues of about $474 million.

Read the rest of the story at host.madison.com

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Filed under  //   lottery   money   taxes   Wisconsin  

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Milwaukee man cheated out of lottery win

Posted on January 18, 2010 and seen 853 times

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Filed under  //   lottery   Milwaukee  

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