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Massachusetts Lottery
The Massachusetts Lottery was established on September 27, 1971, following the legalization of gambling by the Massachusetts General Court, the legislature of the Commonwealth. The Lottery is administered by a commission of 5 members, who include the Treasurer and Receiver-General (who serves as chairperson), the Secretary of the Massachusetts Department of Public Safety, and the Comptroller, who serve on an ex officio basis. The Governor appoints the other 2 members. It is a member of the North American Association of State and Provincial Lotteries (NASPL) since 1972. As with most U.S. lotteries, the Bay State's lottery games require players to be at least 18 years old. Drawings are broadcast on WBZ-TV (channel 4) the CBS-station in the Boston television market. Governance The Massachusetts Lottery is run by the Massachusetts State Lottery Commission (MSLC). The Commission is made up of a five-member commissioners that includes the state treasurer as chairperson, the s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Massachusetts General Court
The Massachusetts General Court (formally styled the General Court of Massachusetts) is the state legislature of the Commonwealth of Massachusetts. The name "General Court" is a hold-over from the earliest days of the Massachusetts Bay Colony, when the colonial assembly, in addition to making laws, sat as a judicial court of appeals. Before the adoption of the state constitution in 1780, it was called the ''Great and General Court'', but the official title was shortened by John Adams, author of the state constitution. It is a bicameral body. The upper house is the Massachusetts Senate which is composed of 40 members. The lower body, the Massachusetts House of Representatives, has 160 members. (Until 1978, it had 240 members.) It meets in the Massachusetts State House on Beacon Hill in Boston. The current President of the Senate is Karen Spilka, and the Speaker of the House is Ronald Mariano. Since 1959, Democrats have controlled both houses of the Massachusetts General Court ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CBS 60 Minutes
''60 Minutes'' is an American television news magazine broadcast on the CBS television network. Debuting in 1968, the program was created by Don Hewitt and Bill Leonard, who chose to set it apart from other news programs by using a unique style of reporter-centered investigation. In 2002, ''60 Minutes'' was ranked number six on ''TV Guide''s list of the " 50 Greatest TV Shows of All Time", and in 2013, it was ranked number 24 on the magazine's list of the "60 Best Series of All Time". ''The New York Times'' has called it "one of the most esteemed news magazines on American television". Originally airing in 1968, the program began as a bi-weekly television show hosted on CBS hosted by Mike Wallace and Harry Reasoner. The two sat on opposite sides of the cream-colored set, though the set's color was later changed to black, the color still used today. The show used a large stopwatch during transition periods and highlighted its topics through chroma key—both techniques are still ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Massachusetts
Massachusetts (Massachusett language, Massachusett: ''Muhsachuweesut [Massachusett writing systems, məhswatʃəwiːsət],'' English: , ), officially the Commonwealth of Massachusetts, is the most populous U.S. state, state in the New England region of the Northeastern United States. It borders on the Atlantic Ocean and Gulf of Maine to the east, Connecticut and Rhode Island to the south, New Hampshire and Vermont to the north, and New York (state), New York to the west. The state's capital and List of municipalities in Massachusetts, most populous city, as well as its cultural and financial center, is Boston. Massachusetts is also home to the urban area, urban core of Greater Boston, the largest metropolitan area in New England and a region profoundly influential upon American History of the United States, history, academia, and the Economy of the United States, research economy. Originally dependent on agriculture, fishing, and trade. Massachusetts was transformed into a manuf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Agencies Established In 1971
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed governm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1971 Establishments In Massachusetts
* The year 1971 had three partial solar eclipses (February 25, July 22 and August 20) and two total lunar eclipses (February 10, and August 6). The world population increased by 2.1% this year, the highest increase in history. Events January * January 2 – 66 people are killed and over 200 injured during a crush in Glasgow, Scotland. * January 5 – The first ever One Day International cricket match is played between Australia and England at the Melbourne Cricket Ground. * January 8 – Tupamaros kidnap Geoffrey Jackson, British ambassador to Uruguay, in Montevideo, keeping him captive until September. * January 9 – Uruguayan president Jorge Pacheco Areco demands emergency powers for 90 days due to kidnappings, and receives them the next day. * January 12 – The landmark United States television sitcom ''All in the Family'', starring Carroll O'Connor as Archie Bunker, debuts on CBS. * January 14 – Seventy Brazilian political prisoners are rele ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Annuity (finance Theory)
In investment, an annuity is a series of payments made at equal intervals.Kellison, Stephen G. (1970). ''The Theory of Interest''. Homewood, Illinois: Richard D. Irwin, Inc. p. 45 Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments. Annuities can be classified by the frequency of payment dates. The payments (deposits) may be made weekly, monthly, quarterly, yearly, or at any other regular interval of time. Annuities may be calculated by mathematical functions known as "annuity functions". An annuity which provides for payments for the remainder of a person's lifetime is a life annuity. Types Annuities may be classified in several ways. Timing of payments Payments of an ''annuity-immediate'' are made at the end of payment periods, so that interest accrues between the issue of the annuity and the first payment. Payments of an ''annuity-due'' are made at the beginning of payment periods ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Structured Settlement
A structured settlement is a negotiated financial or insurance arrangement through which a claimant agrees to resolve a personal injury tort claim by receiving part or all of a Settlement (litigation), settlement in the form of periodic payments on an agreed schedule, rather than as a lump sum. As part of the negotiations, a structured settlement may be offered by the defendant or requested by the plaintiff. Ultimately both parties must agree on the terms of settlement. A settlement may allow the parties to a lawsuit to reduce legal and other costs by avoiding trial. Structured settlements are most widely used in the United States, but are also utilized in Canada, England and Australia. Structured settlements were first utilized in Canada as part of the settlement of birth defect claims arising out of pregnant mothers ingesting Thalidomide. Structured settlements are now used in a wide variety of types of lawsuit settlements such as aviation, construction, auto, medical malpractice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lump Sum
A lump sum is a single payment of money, as opposed to a series of payments made over time (such as an annuity). The United States Department of Housing and Urban Development distinguishes between "price analysis" and "cost analysis" by whether the decision maker compares lump sum amounts, or subjects contract prices to an itemized cost breakdown. In 1911, American union leaders including Samuel Gompers of the American Federation of Labor expressed opposition to lump sums being awarded to their members pursuant to a new workers compensation law, saying that when they received lump sums rather than periodic payments the risk of them squandering the money was greater. ''The Financial Times'' reported in July 2011 that research by Prudential had found that 79% of polled pensioners in the UK collecting a company or private pension that year took a tax-free lump sum as part of their retirement benefits, as compared to 76% in 2008. Prudential was of the view that for many retirees, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lottery Payouts
Lottery payouts are the way lottery winnings are distributed. Typically, lotteries pay out around 50–70% of stakes (turnover) back to players. The remainder is then kept for administration costs and charitable donations or tax revenues. In gambling terminology lottery payouts are the equivalent of RTP or returns to players. The lottery operator's gross margin is the opposite of RTP. Actual payouts after a draw will vary to what payouts are advertised before a draw, depending on whether the jackpot is hit or not. Typically jackpot amounts that are not hit or paid out are then rolled over to the next draw. In this sense, typical RTP or returns to player percentages will vary with the size of the jackpot. It can happen that after several rollovers, a jackpot becomes that large that there is real 'positive RTP; with a lottery ticket, i.e. if you were to buy every single ticket you would make a profit after your ticket costs. This will of course also depend on your chances of sharing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lottery Wheeling
Lottery wheeling (also known as lottery system, lottery wheel, lottery wheeling system) is an entertaining strategy of playing the lotteries, widely used by individual players and syndicates to secure wins provided they hit some of the drawn numbers. It allows playing with more than one ticket and more numbers than those drawn in the lottery. If the lottery is pick 6, then a wheeling system can be used in playing with 7 or more numbers. If the lottery is pick 5, then a wheeling system can be used in playing with 6 or more numbers. For example, in a pick 5 lottery, a lottery system can have 9 numbers and a guarantee of 3 if 3, meaning that the player will get a 3-win whenever three of his/her 9 numbers are among the five numbers drawn. In a pick 6 lottery, an example will be a system with, say, 12 numbers and a guarantee of 4 if 5, meaning that the player will get a 4-win whenever five of his/her 12 numbers are among the six numbers drawn. A lottery wheeling system acts as a single ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lotteries In The United States
In the United States, lotteries are run by 48 jurisdictions: 45 states plus the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Lotteries are subject to the laws of and operated independently by each jurisdiction, and there is no national lottery organization. However, consortiums of state lotteries jointly organize games spanning larger geographical footprints, which in turn, carry larger jackpots. Two major lottery games, Mega Millions and Powerball, are both offered in nearly all jurisdictions that operate lotteries, and serve as ''de facto'' national lotteries. In fiscal 2018, Americans spent $77.7 billion on various lotteries, up about $5 billion from 2017. History Historian Neal Millikan using newspaper advertisements in the colonial era found at least 392 lotteries were held in the 13 colonies. Lotteries were used not only as a form of entertainment but as a source of revenue to help fund the colonies. The financiers of Jamestown, Virginia, for instance ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gambling In Massachusetts
Legal forms of gambling in the U.S. state of Massachusetts include casinos, parimutuel wagering on horse racing, the Massachusetts Lottery, and charitable gaming. The Massachusetts Gaming Commission regulates commercial operations under state jurisdiction. Horse and dog racing Parimutuel wagering on horse racing is allowed at the state's only active racetrack, Plainridge Racecourse. Simulcast wagering on horse and dog races is also offered at Suffolk Downs and Raynham Park, which previously operated as racetracks. Betting on horse and dog racing was legalized in 1934. Suffolk Downs opened in 1935 and was the state's primary site for Thoroughbred racing until it held its last races in 2019. The first dog tracks were Wonderland Greyhound Park and Taunton Dog Track, opened in 1935. They were joined in 1941 by Raynham Greyhound Park. The Taunton track closed in 1981, and its operations were absorbed into the Raynham track, which became known as Raynham-Taunton Greyhound Pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
