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California State Lottery
The California State Lottery began in October 1985 after voters authorized it in Proposition 37, the California State Lottery Act of 1984. It offers a range of games including number draws, scratchcards and a mock horse race. The earnings provide supplementary funding for public education. Lottery Act The Lottery Act was intended to provide more money to schools without imposing extra taxes. Accordingly, the Lottery was required to provide at least 34% of its revenues to public education, supplementing (not replacing) other funds provided by California. Another 50% of its revenues must be paid to the public in the form of prizes, making a mandated minimum of 84% of all funds that must be given back to the public in the form of prizes or funds for public education. The remainder, a maximum of 16%, was to be spent on administration, such as salaries and running the games. On April 8, 2010, Governor Schwarzenegger signed into laAssembly Bill 142(Hayashi, D-Hayward). Amending the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sacramento, California
) , image_map = Sacramento County California Incorporated and Unincorporated areas Sacramento Highlighted.svg , mapsize = 250x200px , map_caption = Location within Sacramento County in California , pushpin_map = California#USA , pushpin_label = Sacramento , pushpin_map_caption = Location within California##Location in the United States , pushpin_relief = yes , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name = United States , subdivision_type1 = U.S. state, State , subdivision_name1 = California , subdivision_type2 = List of counties in California, County , subdivision_name2 = Sacramento County, California, Sacramento ---- , subdivision_type3 = List of regions of California, Region ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kathryn Werdegar
} Kathryn Jocelyn Mickle Werdegar (born April 5, 1936) is a former Associate Justice of the Supreme Court of California, serving from June 3, 1994, to August 31, 2017. Biography Werdegar earned her B.A. with honors at the University of California, Berkeley and then attended the University of California, Berkeley School of Law (Boalt Hall), class of 1962, before completing her J.D. degree at the George Washington University Law School, where she graduated as valedictorian of her class. While at Boalt Hall, Werdegar served as editor-in-chief of the ''California Law Review''. In 1961, she married David Werdegar. In 1962, following graduation, she joined the Civil Rights Division of the United States Department of Justice working under Attorney General Robert F. Kennedy in Washington, D.C. In 1963, after returning to California, she held a series of legal and teaching positions, including associate dean and professor at the University of San Francisco School of Law. In 1981, she w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atlanta
Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,715 living within the city limits, it is the eighth most populous city in the Southeast and 38th most populous city in the United States according to the 2020 U.S. census. It is the core of the much larger Atlanta metropolitan area, which is home to more than 6.1 million people, making it the eighth-largest metropolitan area in the United States. Situated among the foothills of the Appalachian Mountains at an elevation of just over above sea level, it features unique topography that includes rolling hills, lush greenery, and the most dense urban tree coverage of any major city in the United States. Atlanta was originally founded as the terminus of a major state-sponsored railroad, but it soon became the convergence point among several rai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Percentage Point
A percentage point or percent point is the unit (measurement), unit for the Difference (mathematics), arithmetic difference between two percentages. For example, moving up from 40 percent to 44 percent is an increase of 4 percentage points, but a 10-percent increase in the quantity being measured. In literature, the unit is usually either written out, or abbreviated as ''pp'' or ''p.p.'' to avoid ambiguity. After the first occurrence, some writers abbreviate by using just "point" or "points". Differences between percentages and percentage points Consider the following hypothetical example: In 1980, 50 percent of the population smoked, and in 1990 only 40 percent of the population smoked. One can thus say that from 1980 to 1990, the prevalence of smoking decreased by 10 ''percentage points'' (or by 10 percent of the population) or by ''20 percent'' when talking about smokers only - percentages indicate proportionate part of a total. Percentage-point differences are one way to ex ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Present Value
In economics and finance, present value (PV), also known as present discounted value, 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 zero- or 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 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 a borr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Big Spin
''The'' () is a grammatical article in English, denoting persons or things already mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with pronouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant sound, and as (homophone of pronoun ''thee'') when followed by a v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Horse Racing
Horse racing is an equestrian performance sport, typically involving two or more horses ridden by jockeys (or sometimes driven without riders) over a set distance for competition. It is one of the most ancient of all sports, as its basic premise – to identify which of two or more horses is the fastest over a set course or distance – has been mostly unchanged since at least classical antiquity. Horse races vary widely in format, and many countries have developed their own particular traditions around the sport. Variations include restricting races to particular breeds, running over obstacles, running over different distances, running on different track surfaces, and running in different gaits. In some races, horses are assigned different weights to carry to reflect differences in ability, a process known as handicapping. While horses are sometimes raced purely for sport, a major part of horse racing's interest and economic importance is in the gambling associated with ... [...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. It is coordinated by the Multi-State Lottery Association (MUSL). From its inaugural drawing on April 19, 1992, until August 21, 2021, Powerball drawings were held twice a week (Wednesday and Saturday); a third weekly drawing (held Mondays) was added on August 23, 2021. Drawings are held every Monday, Wednesday and Saturday evening at 10:59 p.m. Eastern Time, at Florida Lottery headquarters in Tallahassee. Since October 7, 2015, the game has used a 5/69 (white balls) + 1/26 (Powerballs) matrix from which winning numbers are chosen, resulting in odds of 1 in 292,201,338 of winning a jackpot per play. Each play costs $2 or $3 with the Power Play option (originally, Powerball plays cost $1; when Power Play began, such games were $2). The official cutoff for ticket sales is 10:00 p.m. Eastern Time; some lotteries cut off sales earlier. The drawing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hollywood, Los Angeles
Hollywood is a neighborhood in the Central Los Angeles, central region of Los Angeles, California. Its name has come to be a metonymy, shorthand reference for the Cinema of the United States, U.S. film industry and the people associated with it. Many notable film studios, such as Columbia Pictures, Walt Disney Studios (division), Walt Disney Studios, Paramount Pictures, Warner Bros., and Universal Pictures, are located near or in Hollywood. Hollywood was incorporated as a municipality in 1903. It was Merger (politics), consolidated with the city of Los Angeles in 1910. Soon thereafter a prominent film industry emerged, having developed first on the East Coast. Eventually it became the most recognizable in the world. History Initial development H.J. Whitley, a real estate developer, arranged to buy the E.C. Hurd ranch. They agreed on a price and shook hands on the deal. Whitley shared his plans for the new town with General Harrison Gray Otis (publisher), Harrison Gray Otis, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multi-State Lottery Association
The Multi-State Lottery Association (MUSL) is an American non-profit, government-benefit association owned and operated by agreement of its 34 member lottery, lotteries. MUSL was created to facilitate the operation of multi-jurisdictional lottery games, most notably Powerball. MUSL was formed in December 1987, by seven U.S. lotteries. Its first game was launched in February 1988, ''Lotto America''. That game was changed to Powerball; its first drawing was in April 1992. Powerball was a unique game using two drums, suggested to MUSL by Steve Caputo of the Oregon Lottery. Powerball/Mega Millions cross-selling On October 13, 2009, MUSL signed an agreement with the consortium of states that operated the similar Mega Millions lottery, which allowed MUSL members to sell Mega Millions tickets and consortium members to sell Powerball tickets. On January 31, 2010, all but 2 of the 12 Mega Millions consortium lotteries began selling Powerball tickets. The consortium members did not join MU ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parimutuel Betting
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. In short, the word ''parimutuel'' implies tiered winnings/earnings. 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 sold. Parimutuel gambling is frequently state-regulated, and offered in many places where gamb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dan Lungren
Daniel Edward Lungren (born September 22, 1946) is an American politician and lawyer who served as the U.S. representative for from 2005 to 2013. A member of the Republican Party, during his tenure, the district covered most of Sacramento County, portions of Solano County, as well as all of Alpine County, Amador County and Calaveras County. Lungren previously represented the Long Beach area in Congress from 1979 to 1989 and served as the 29th Attorney General of California from 1991 to 1999. He was the Republican nominee for Governor of California in 1998, losing to Democrat Gray Davis. , he was the last Republican to serve as California Attorney General. In Congress, he was a member of the Republican Study Committee. Early life, education and private career Dan Lungren was born in Long Beach, California, of Irish, Swedish and Scottish descent. From 1952, Lungren's father, John, was the personal physician to and a close friend of former President Richard Nixon. Lungren gradua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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