Lotto South
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Lotto South
Lotto South was a lottery game in Georgia, Kentucky, and Virginia. It resulted from the September 2001 merger of three smaller jackpot games, one from each of the three lotteries. This was done in an attempt to create larger jackpots. Drawings took place at the WTVR-TV studios in Richmond, Virginia, on Wednesdays and Saturdays at 11:00 p.m. ET. Jackpots began at $2 million (annuitized); top-prize winners could choose to be paid either in 30 annual payments, or the cash option. The game was jointly administered by the Georgia Lottery, Kentucky Lottery, and Virginia Lottery. Sales of the game began on September 9, 2001. Its record jackpot was $27 million, won on December 31, 2005. The game had four prize levels; players needed to match at least three numbers to win. All prizes were paid on a parimutuel basis. The jackpot was paid either in cash or 30 annual payments, according to the winners' wishes. In January 2006, it was announced that the game would be retired; its fina ...
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Lottery
A lottery is a form of gambling that involves the drawing of numbers at random for a prize. Some governments outlaw lotteries, while others endorse it to the extent of organizing a national or state lottery. It is common to find some degree of regulation of lottery by governments. The most common regulation is prohibition of sale to minors, and vendors must be licensed to sell lottery tickets. Although lotteries were common in the United States and some other countries during the 19th century, by the beginning of the 20th century, most forms of gambling, including lotteries and sweepstakes, were illegal in the U.S. and most of Europe as well as many other countries. This remained so until well after World War II. In the 1960s, casinos and lotteries began to re-appear throughout the world as a means for governments to raise revenue without raising taxes. Lotteries come in many formats. For example, the prize can be a fixed amount of cash or goods. In this format, there is risk t ...
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Georgia (US)
Georgia is a state in the Southeastern region of the United States, bordered to the north by Tennessee and North Carolina; to the northeast by South Carolina; to the southeast by the Atlantic Ocean; to the south by Florida; and to the west by Alabama. Georgia is the 24th-largest state in area and 8th most populous of the 50 United States. Its 2020 population was 10,711,908, according to the U.S. Census Bureau. Atlanta, a " beta(+)" global city, is both the state's capital and its largest city. The Atlanta metropolitan area, with a population of more than 6 million people in 2020, is the 9th most populous metropolitan area in the United States and contains about 57% of Georgia's entire population. Founded in 1732 as the Province of Georgia and first settled in 1733, Georgia became a British royal colony in 1752. It was the last and southernmost of the original Thirteen Colonies to be established. Named after King George II of Great Britain, the Georgia Colony covered th ...
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Kentucky
Kentucky ( , ), officially the Commonwealth of Kentucky, is a state in the Southeastern region of the United States and one of the states of the Upper South. It borders Illinois, Indiana, and Ohio to the north; West Virginia and Virginia to the east; Tennessee to the south; and Missouri to the west. Its northern border is defined by the Ohio River. Its capital is Frankfort, and its two largest cities are Louisville and Lexington. Its population was approximately 4.5 million in 2020. Kentucky was admitted into the Union as the 15th state on June 1, 1792, splitting from Virginia in the process. It is known as the "Bluegrass State", a nickname based on Kentucky bluegrass, a species of green grass found in many of its pastures, which has supported the thoroughbred horse industry in the center of the state. Historically, it was known for excellent farming conditions for this reason and the development of large tobacco plantations akin to those in Virginia and North Carolina i ...
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Virginia
Virginia, officially the Commonwealth of Virginia, is a state in the Mid-Atlantic and Southeastern regions of the United States, between the Atlantic Coast and the Appalachian Mountains. The geography and climate of the Commonwealth are shaped by the Blue Ridge Mountains and the Chesapeake Bay, which provide habitat for much of its flora and fauna. The capital of the Commonwealth is Richmond; Virginia Beach is the most-populous city, and Fairfax County is the most-populous political subdivision. The Commonwealth's population was over 8.65million, with 36% of them living in the Baltimore–Washington metropolitan area. The area's history begins with several indigenous groups, including the Powhatan. In 1607, the London Company established the Colony of Virginia as the first permanent English colony in the New World. Virginia's state nickname, the Old Dominion, is a reference to this status. Slave labor and land acquired from displaced native tribes fueled the ...
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WTVR-TV
WTVR-TV (channel 6) is a television station in Richmond, Virginia, United States, affiliated with CBS and owned by the E. W. Scripps Company. Its studios are located on West Broad Street on Richmond's West End, and its transmitter is located in Bon Air near the studios of PBS member stations WCVE-TV and WCVW.https://transition.fcc.gov/fcc-bin/tvq?call=&arn=&state=&city=&chan=0.0&cha2=69&serv=&type=&facid=&asrn=1018227&list=0&ThisTab=Results+to+This+Page%2FTab&dist=&dlat2=&mlat2=&slat2=&NS=N&dlon2=&mlon2=&slon2=&EW=W&size=9 However, master control and some internal operations are based at the studios of sister stations and CBS/ CW affiliates WTKR/WGNT in Norfolk. WTVR-TV's former transmitter is located behind the station's studio, and only WTVR-FM broadcasts from that tower today. It still remains as part of WTVR-TV's history. WTVR-TV is one of only a few stations in the country to have been affiliated with all three of the original major American television networks. His ...
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Richmond, Virginia
(Thus do we reach the stars) , image_map = , mapsize = 250 px , map_caption = Location within Virginia , pushpin_map = Virginia#USA , pushpin_label = Richmond , pushpin_map_caption = Location within Virginia##Location within the contiguous United States , pushpin_relief = yes , coordinates = , subdivision_type = Country , subdivision_name = , subdivision_type1 = U.S. state, State , subdivision_name1 = , established_date = 1742 , , named_for = Richmond, London, Richmond, United Kingdom , government_type = , leader_title = List of mayors of Richmond, Virginia, Mayor , leader_name = Levar Stoney (Democratic Party (United States), D) , total_type = City , area_magnitude = 1 E8 , area_total_sq_mi = 62.57 , area_land_sq_mi = 59.92 , area_ ...
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Eastern Time Zone
The Eastern Time Zone (ET) is a time zone encompassing part or all of 23 states in the eastern part of the United States, parts of eastern Canada, the state of Quintana Roo in Mexico, Panama, Colombia, mainland Ecuador, Peru, and a small portion of westernmost Brazil in South America, along with certain Caribbean and Atlantic islands. Places that use: * Eastern Standard Time (EST), when observing standard time (autumn/winter), are five hours behind Coordinated Universal Time ( UTC−05:00). * Eastern Daylight Time (EDT), when observing daylight saving time (spring/summer), are four hours behind Coordinated Universal Time ( UTC−04:00). On the second Sunday in March, at 2:00 a.m. EST, clocks are advanced to 3:00 a.m. EDT leaving a one-hour "gap". On the first Sunday in November, at 2:00 a.m. EDT, clocks are moved back to 1:00 a.m. EST, thus "duplicating" one hour. Southern parts of the zone (Panama and the Caribbean) do not observe daylight saving time ...
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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 ...
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Georgia Lottery
The Georgia Lottery Corporation, known as the Georgia Lottery, is overseen by the government of Georgia, United States. Headquartered in Atlanta, the lottery takes in over US$1 billion yearly. By law, half of the money goes to prizes, one-third to education, and the remainder to operating and marketing the lottery. The education money funds the HOPE Scholarship, and has become a successful model for other lotteries, including the South Carolina Education Lottery. History A government-run lottery was explicitly allowed in a 1992 constitutional amendment to Article I, Section II, Paragraph VIII of the Georgia State Constitution, approved in a referendum. The GLC was created by a separate bill in 1992 by the Georgia General Assembly, and then-governor of Georgia, Zell Miller, in the Lottery for Education Act ( OCGA 50-27). Rebecca Paul, who began the Florida Lottery, then ran the Georgia Lottery for its first decade, before leaving to launch Tennessee Lottery in 2004. The o ...
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Kentucky Lottery
The Kentucky Lottery, began in April 1989 after a November 1988 vote in which over 60% of voters cast ballots in favor of it. On April 4, 1989, ticket sales began at over 5,000 licensed retailers with over $5 million in sales on the first day. Kentucky Lottery players had two Scratch-off games to choose from, including, ''Beginner's Luck'' ($1) and ''Kentucky Derby Dreamstakes'' ($2). Kentucky Lottery proceeds fund college scholarship and grant programs across the Commonwealth, including every dime of the popular KEES program. More than $4.0 Billion in scholarships and grants have been awarded to Kentucky students. History The first legally authorized "lottery" in Kentucky was held in 1792 in order to raise funds to build a church in Lexington. A modern lottery was a highly debated topic in the gubernatorial race of 1987. Wallace G. Wilkinson, who went on to become governor, touted the introduction of a state lottery in a heavily funded campaign that ended up being one of the big ...
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Virginia Lottery
The Virginia Lottery is an independent agency of the Commonwealth of Virginia. It was created in 1987 when Virginians voted in a statewide referendum in favor of a state lottery. The first ticket was sold on September 20, 1988. All profits from Virginia Lottery ticket sales go to K-12 public education, as required by Virginia's constitution. In Fiscal Year 2022, the Lottery's profits totaled more than $779.6 million, accounting for approximately 10 percent of school funding in Virginia. That brought total Lottery profits in Virginia (from 1989 through June 2022) to more than $14.5 billion. Daily draw games include Pick 3 and Pick 4, which are drawn twice daily, and Cash 5; with one drawing a day. The Virginia Lottery also offers numerous scratchers. It is one of 46 lotteries which sells Mega Millions tickets, and one of 47 offering Powerball. ''Cash4Life'' is nightly; Mega Millions is drawn Tuesdays and Fridays, while Powerball is drawn Mondays, Wednesdays and Saturdays. Bank A ...
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Parimutuel
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 ga ...
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