Kentucky Lottery http://wkyufm.org en Kentucky Lottery Reaches 25-Year Milestone http://wkyufm.org/post/kentucky-lottery-reaches-25-year-milestone <p>The Kentucky lottery has reached a new milestone, and officials say the games have helped the state provide billions of dollars in college scholarships and grants in the past 25 years.<br /><br />The first lottery tickets were sold in April 1989 to then-Gov. Wallace Wilkinson. Since then, lottery sales have totaled more than $15.2 billion, and lottery players have received nearly $9.2 billion in prizes. More than $4 billion in profit has been used for scholarships, education, literacy programs, affordable housing and Vietnam veteran bonuses.<br /><br />Lottery sales were predicted to provide $65 million annually for the state, but last year, sales netted more than three times that amount -- more than $223 million.<br /><br />Kentucky lottery proceeds began going to college scholarship and grant programs 15 years ago. More than $2 billion in proceeds has been used for that purpose.<br /> Mon, 07 Apr 2014 15:49:50 +0000 Associated Press 46226 at http://wkyufm.org Kentucky Lottery Reaches 25-Year Milestone Kentucky Lottery Approves Online Sales, New Keno Game http://wkyufm.org/post/kentucky-lottery-approves-online-sales-new-keno-game <p>The Kentucky Lottery Corporation is moving ahead with a new Keno game and online lottery sales, in hopes the games will be profitable.</p><p>The lottery board hopes to generate $85 million dollars a year with the new games by 2023.</p><p>State Treasurer Todd Hollenbach spearheaded the effort to expand to Keno and online sales as a way to help generate more revenue for the state. He says the implementation will take time, but money should start coming in shortly afterward.</p><p>"So you're probably not going to see anything of any significance until 2014. It takes a little while."</p><p>State House Democrats have said additional lottery revenues could pay for the state's underfunded pension system. Finding a way to fund pension reforms has been a major cause of disagreement in Frankfort this year. Sun, 24 Mar 2013 13:11:38 +0000 28372 at http://wkyufm.org