Vermont Lottery
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Vermont Lottery
The Vermont Lottery began fiscal operations as an enterprise fund in October 1977, following a 1976 referendum, and the enactment of Public Act No. 82 by the 1977 General Assembly. It is run by the Vermont Lottery Commission, which is headquartered in Berlin. Along with Maine and New Hampshire, Vermont is a member of the Tri-State Lottery.Vermont Lottery, Company Description
Hoover's, Inc., retrieved March 8, 2009


History

Chronology of game introductions:


1978

*February: Green Mountain Game was the lottery's first game, with weekly drawings. *June: Scratch 'n Match was the Lottery's first instant game.


1980

*November 10: Pick 3 began as the Lottery's first
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Berlin, Vermont
Berlin ( ) is a town in Washington County, Vermont, United States, founded in 1763. The population was 2,849 at the 2020 census. Being the town between Barre and Montpelier, the two largest cities in the region, much of the commercial business of the region can be found in Berlin, including parts of the Barre-Montpelier Road ( U.S. Route 302), and the Berlin Mall. History Berlin was chartered June 8, 1763. The name refers to Berlin, Germany, and was the only German town name in this new English colony. The grantees who received the 70 original rights to the township were priests, merchants and judges. The charter was issued by the Royal Governor of New Hampshire, Benning Wentworth, and stated that each "proprietor, settler or inhabitant" should pay one ear of Indian corn for each acre of land, and after ten years, one shilling for each 100 acres. It took 22 years until the first settlers arrived in the area: Ebenezer Sanborn coming from nearby Corinth, founding the "Bradford ...
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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 ...
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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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Connecticut
Connecticut () is the southernmost state in the New England region of the Northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. Its capital is Hartford and its most populous city is Bridgeport. Historically the state is part of New England as well as the tri-state area with New York and New Jersey. The state is named for the Connecticut River which approximately bisects the state. The word "Connecticut" is derived from various anglicized spellings of "Quinnetuket”, a Mohegan-Pequot word for "long tidal river". Connecticut's first European settlers were Dutchmen who established a small, short-lived settlement called House of Hope in Hartford at the confluence of the Park and Connecticut Rivers. Half of Connecticut was initially claimed by the Dutch colony New Netherland, which included much of the land between the Connecticut and Delaware Rivers, although the firs ...
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Connecticut Lottery
The Connecticut Lottery Corporation, also called the CT Lottery, is the official lottery in Connecticut. It was created in 1971 by then-Gov. Thomas Meskill, who signed Public Act No. 865. The first tickets were sold on February 15, 1972. The Connecticut Lottery offers several in-house drawing games; Connecticut also participates in Mega Millions and Powerball; each are played in 44 states, the District of Columbia, and the U.S. Virgin Islands. Number today Drawings are broadcast on WCCT-TV(channel 20) the CW affiliate in the Hartford/New Haven television market. Play3 A three-digit numbers game-style game drawn twice daily, with day and night drawings. Tickets can be bought in 50-cent multiples. Bets include ''straight''(all three digits in order), ''box''(all three digits in any order) and ''pairs''(any two digits).Lottery Play ...
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Iowa Lottery
The Iowa Lottery Authority is run by the state of Iowa. It is a member of the Multi-State Lottery Association (MUSL), which administers games on behalf of the member lotteries. The Iowa Lottery portfolio includes Powerball, Mega Millions, Lotto America, Lucky for Life, Pick 3, Pick 4, plus numerous instant scratch ticket, InstaPlay and pull-tab games. The largest jackpot won in Iowa so far was in October 2018. Lerynne West of Redfield claimed a $343.9 million Powerball prize. West's ticket split the $687.8 million Powerball jackpot in the Oct. 27 drawing with a ticket purchased in New York. History Legislation creating Iowa's lottery was signed into law in April 1985; the Lottery began sales on August 22, 1985, with a kickoff celebration at the Iowa State Fair. The first product sold by the Iowa Lottery was an instant-scratch game called ''Scratch, Match and Win''; players bought more than 6.4 million tickets during its first week. Since the lottery's start in 1985, its players h ...
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Florida Lottery
The Florida Lottery is the government-operated lottery of the U.S. state of Florida. , the lottery offers eleven terminal-generated games: Cash4Life, Mega Millions, Powerball, Florida Lotto, Pick 2, Pick 3, Pick 4, Pick 5, Fantasy 5, Cash Pop, and Jackpot Triple Play. The initiative to establish a lottery in the state was led by Governor Bob Martinez and the Florida legislature, with the goal of providing revenue for public education in Florida. Sales of the lottery's first game, the $1 scratch-off Millionaire, began in 1988. In 2012, Florida was the third-ranked state in yearly lottery revenue with $4.45 billion; revenue passed $5 billion in fiscal year 2013. History The Florida Lottery began operation on January 12, 1988, by order of a constitutional amendment approved by Florida voters by a 2-to-1 margin in the general election of November 4, 1986. The point of the Lottery is to give extra funding to Florida education, and it was mandated that a significa ...
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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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Maine Lottery
The Maine Lottery is run by the government of Maine. It is a member of the Multi-State Lottery Association (MUSL), whose flagship game is Powerball. It was founded in 1974 after being approved through a voter referendum. Maine originally joined MUSL in 1990, before the Iowa-based organization began Powerball; Maine pulled out two years later, when Powerball was introduced. Maine did not rejoin MUSL until 2004. (Powerball drawings moved to Florida in 2009, although MUSL headquarters remain in Iowa). MUSL's smaller jackpot game ''Hot Lotto'' is Maine's first continuing draw game to have its winning numbers drawn via random number generator (RNG) instead of using traditional lottery balls. An agreement was reached on October 13, 2009, for Mega Millions and Powerball to be available through any US lottery. Maine began sales of Mega Millions on May 9, 2010, after most lotteries began offering both games on January 31, 2010. The ''Portland Press Herald'', on March 31, 2010, reported that ...
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Mega Millions
Mega Millions (originally known as ''The Big Game'' in 1996 and renamed, temporarily, to ''The Big Game Mega Millions'' six years later) is an American multi-jurisdictional lottery game; as of January 30, 2020, it is offered in 45 states, the District of Columbia, and the U.S. Virgin Islands. The first ''(The Big Game) Mega Millions'' drawing was in 2002. What is now Mega Millions initially was offered in six states; the logo for all versions of the game following the retirement of ''The Big Game'' name featured a gold-colored ball with six stars to represent the game's initial membership, although some lotteries insert their respective logo in the ball. Mega Millions is drawn at 11 p.m. Eastern Time on Tuesday and Friday evenings, including holidays. Mega Millions is administered by a consortium of its 12 original lotteries; the drawings are held at the studios of WSB-TV in Atlanta, Georgia, supervised by the Georgia Lottery. The hosts are John Crow, Carol Blackmon and Adri ...
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Scratchcard
A scratchcard (also called a scratch off, scratch ticket, scratcher, scratchum, scratch-it, scratch game, scratch-and-win, instant game, instant lottery, scratchie, lot scrots, or scritchies) is a card designed for competitions, often made of thin cardstock or plastic to conceal PINs, where one or more areas contain concealed information which can be revealed by scratching off an opaque covering. Applications include cards sold for gambling (especially lottery games and quizzes), free-of-charge cards for quizzes, fraudulent free cards encouraging calls to premium rate phone services, and to conceal confidential information such as PINs for telephone calling cards (otherwise known as recharge cards) and other prepaid services. In some cases, the entire scratchable area needs to be scratched to see whether a prize has been won—the card is printed either to be a winner or not—or to reveal the secret code; the result does not depend upon what portions are scratched off. In ot ...
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