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Cashola
Cashola, stylized ''Ca$hola'', was a video lottery game offered by the Multi-State Lottery Association (MUSL) from July 2006 to May 2011. Cashola was the first US multi-jurisdictional video lottery game. Cashola was played on linked machines at nine lottery-run casinos; three in Delaware, two in Rhode Island, and four in West Virginia. The minimum jackpot was $250,000; it was paid in 30 annual installments, unless the winner chose the cash option within 60 days of winning. The progressive jackpot exceeded $4 million (annuity) for the first time on November 4, 2009. The first 27 jackpot winners (unlike traditional lottery jackpot games, the grand prize could not be split by multiple players, as each Cashola machine was independent); as of February 2, 2009, all 27 chose the cash option. The largest Cashola jackpot, of $4,918,605.91, was won on November 26, 2009, in Charles Town, West Virginia Charles Town is a city in Jefferson County, West Virginia, United States, and is also t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cashola
Cashola, stylized ''Ca$hola'', was a video lottery game offered by the Multi-State Lottery Association (MUSL) from July 2006 to May 2011. Cashola was the first US multi-jurisdictional video lottery game. Cashola was played on linked machines at nine lottery-run casinos; three in Delaware, two in Rhode Island, and four in West Virginia. The minimum jackpot was $250,000; it was paid in 30 annual installments, unless the winner chose the cash option within 60 days of winning. The progressive jackpot exceeded $4 million (annuity) for the first time on November 4, 2009. The first 27 jackpot winners (unlike traditional lottery jackpot games, the grand prize could not be split by multiple players, as each Cashola machine was independent); as of February 2, 2009, all 27 chose the cash option. The largest Cashola jackpot, of $4,918,605.91, was won on November 26, 2009, in Charles Town, West Virginia Charles Town is a city in Jefferson County, West Virginia, United States, and is also t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rhode Island Lottery
The Rhode Island Lottery (or ''The Lot'') is run by the government of Rhode Island. The modern form of the Rhode Island Lottery was inaugurated in 1974, following a constitutional amendment passed in 1973. It is a charter member of the Multi-State Lottery Association (MUSL). Rhode Island Lottery games include Mega Millions, Powerball, Wild Money, keno, and scratch tickets. Rhode Island also offers video lottery, which includes the multi-jurisdictional MegaHits game. The minimum age to play the Rhode Island Lottery is 18. History Lotteries played an important role in Rhode Island from the colonial period until the mid-19th Century. They were banned by the colonial legislature in 1732, only to be brought back in 1744. They continued, generally under control of the Rhode Island General Assembly, until being banned again in 1842. The lottery was reintroduced in 1974, as Rhode Island joined several states, including New Hampshire, New York, and New Jersey, in introducing state lott ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Video Lottery
A video lottery terminal (VLT), also sometimes known as a video gaming terminal (VGT), video slots, or the video lottery, is a type of electronic gambling machine. They are typically operated by a region's lottery, and situated at licensed establishments such as bars and restaurants. VLTs typically feature a selection of multiple games, primarily video slot machines and Keno. Their exact operation depends on local law: many VLTs are stand-alone devices containing a random number generator. Each terminal is connected to a centralized computer system that allows the lottery jurisdiction to monitor gameplay and collect its share of revenue. The outcome of each wager on a VLT is random. VLT operators are not able to program the total amount wagered, or payouts, through the central computer system. A minimum percentage payout usually is written into that jurisdiction's law. That percentage is realized not by manipulation of the game, but by adjusting the expected overall payout. In so ... [...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] |
Delaware Lottery
The Delaware Lottery is run by the government of Delaware. Its creation was authorized by the state legislature on May 31, 1974. Its "traditional" games include Play 3, Play 4, Multi-Win Lotto, Lucky For Life, Lotto America, Mega Millions, and Powerball. Delaware also offers Keno, sports betting, and video lottery. Prior to 2018, Delaware was one of only four jurisdictions where wagering on sports was legal under federal law, although it had not permitted such betting since a game based on final scores in the National Football League (NFL) was available for only the 1976 season. However, a bill was signed by the Governor of Delaware in May 2009 that is much broader than the previous sports wagering law. (The other US jurisdictions exempted from the federal ban on sports gambling under the Professional & Amateur Sports Protection Act were Montana, Nevada, and Oregon.) In August 2009, a federal court limited sports gambling in Delaware to NFL parlays, based on what Delaware had o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West Virginia Lottery
The West Virginia Lottery is run by the government of West Virginia. It was established in 1984 via a voter referendum. It is a charter member of the Multi-State Lottery Association (MUSL). The Lottery offers games such as Lotto America, Powerball, Mega Millions, and scratch tickets. West Virginia has reinterpreted the amendment to its Constitution that permitted its lottery to include casinos, and thus the West Virginia Lottery Commission also regulates slot machines, which are marketed as "video lottery" and available at several hundred businesses; and five "lottery table games" casinos. Jack Whittaker, arguably the most notable American lottery winner, won his then-record Powerball jackpot of about $315 million (annuity value) on a ticket bought in West Virginia for the December 25, 2002 drawing. The minimum age to buy West Virginia Lottery tickets is 18, while casinos and slot machine parlors require patrons to be at least 21. The lottery has the lowest payoff of any stat ... [...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] |
Progressive Jackpot
A progressive jackpot is a jackpot (a gambling grand prize or payout) which increases each time the game is played but the jackpot is ''not'' won. When the progressive jackpot is won, the jackpot for the next play is reset to a predetermined value, and resumes increasing under the same rule. Many slot machines and video poker machines feature a progressive jackpot. The jackpot increases by a small predetermined amount each time the game is played. Often multiple machines are pooled or linked together to form a larger progressive jackpot which grows more quickly because more non-winning plays can be counted toward it. Many lotteries feature progressive jackpots. After each drawing in which the jackpot is not won, a large amount of money is "carried forward" to the jackpot for next drawing. History Progressive jackpots were first introduced in large casinos in 1986. The first progressive slot machine was the famous Megabucks, developed by International Game Technology (IGT). Every ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Town, West Virginia
Charles Town is a city in Jefferson County, West Virginia, United States, and is also the county seat. The population was 5,259 at the 2010 census. It is named for its founder Charles Washington, youngest brother of President George Washington. History 18th century "Charlestown" was established by an act of the Virginia General Assembly in January 1787. However, for about two decades, confusion arose because the same name was also used for a town established in Ohio County at the mouth of Buffalo Creek, and authorized in the 1791 term of that local court. That area in 1797 became known as Brooke County, with that "Charlestown" as its county seat until a December 27, 1816 act of the Virginia General Assembly changed its name to Wellsburg, to honor a trader and his son. Charles Washington, the founder of Charles Town, was born in Hunting Creek, now Fairfax County, Virginia, on May 2, 1738. He was the youngest full brother of George Washington. He came to what is today Jeffer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
