Ohio Lottery's annual profit exceeds $1 billion for the second year

CLEVELAND, Ohio - The Ohio Lottery reported a $1 billion profit for the second year, bolstered by high sales of two games, Keno and EZPlay QuicKeno.

Ticket sales of $3.05 billion were $59 million less compared to the last fiscal year, according to unaudited numbers for the year. But much of the prior fiscal year's increase was due to a record-setting $1.6 billion Powerball jackpot in January 2016.

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Ohioans spend average of $233 per year on lottery tickets, report says

CLEVELAND, Ohio - Ohioans spent an average of $233 per year on lottery tickets, above the national average of $206, according to a new study.

LendEDU, an online marketplace for student loan refinancing, used recently-released data from the U.S. Census Bureau to look at spending in the 43 states with lotteries.

Income and apportionment data from state-administered lottery funds were included in preliminary data for the 2015 Annual Survey of State Government Finances, released in May by the U.S. Census Bureau.

For each state that has its own lottery, the income generated from ticket sales (excluding commissions), and the apportionment of those sales is included.

Money generated from a state's lottery are divided three ways: prizes for winning tickets, administrative bills, and leftover proceeds.  

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Woman claims gambling addiction fueled $13M embezzlement scheme

A woman who carried out the single largest embezzlement scheme in western Pennsylvania history did it in part because she is addicted to gambling, her lawyer said.

Cynthia Mills, 56, who admitted to stealing almost $13 million from her employer, Matthews International on the North Shore, is set to be sentenced on July 28 in U.S. District Court.

Her lawyer, Phillip DiLucente, has repeatedly declined to comment on her case but said in a pre-sentence filing that his client's gambling problem largely motivated her thefts over 16 years at the company.

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Whether you like it or not, sports gambling will be legal nationwide in 5-10 years

When I was a sophomore in college, I watched as four friends — one jumping on the couch, another shielding his eyes, one with his face 2 inches from the TV and another on all fours desperately looking up at the screen — gutted out the final 30 seconds of a college basketball game between Wichita State and Western Kentucky at 3 in the morning during ESPN’s Tip-Off Marathon.

The Shockers were 15 ½-point favorites, and all four had placed a bet down on them to cover the spread. With the Shockers ahead 62-49, Fred Van Vleet buried a jumper to put them up 15 and somehow, someway WKU turned the ball over in perfect fashion by throwing it into the back court, where Wichita’s Tekele Cotton sprinted toward the other end of the court, grabbed it with momentum heading towards the basket, and slammed a dunk home — a worthless dunk in the eyes of 95 percent or more of viewers — to go ahead by 17 with 10 seconds left. My four friends went wild but still had to hold their collective breath as WKU’s final 3-pointer clanged off the rim, and an offensive rebound eventually led to a steal by Van Vleet to end the game and give the Shox the win and miraculous cover. Everybody in the room went nuts, including me, even though I had nothing to bet on.

And that, my friends, was one of the hundreds, maybe thousands, of instances when a double-digit margin in the final minute of a blowout game can still be exhilarating — even if you’re just watching as a bystander. 

Want a more recent example?  Read more here.

9 Facts About Addiction People Usually Get Wrong

There’s a lot that people get wrong about substance use disorders, treatment and recovery. Don’t let social judgment or misinformation stand in the way of getting your child the help he or she needs and deserves. The Partnership for Drug-Free Kids has put together 9 facts about addiction so you can be better prepare to help your child. 

Click here to read about the 9 facts provided by Partnership for Drug-Free Kids.

$30K in debt, man threatened by pro gambler arrested for bank robberies

Nick Cinqueranelli has a good job, lots of friends and a beautiful family but he's behind bars accused of robbing several local banks.

"He unfortunatley is addicted to something in this case is worse than drugs," said David Griem. "And that's gambling."

Griem never thought this Cinqueranelli would be his client, he's known him since he was a kid - and the 27-year-old had never been in trouble with the law - until last week when the Grosse Pointe native allegedly robbed the Chase Bank near his family's home Wednesday evening.

"He handed the teller a note stating he had a gun and to put 100s and 50s into an envelope which the teller did," said Chief Stephen Poloni, Grosse Pointe Department of Public Safety. "The teller noticed he had been in the bank twice earlier that day without making any transactions also. So he was recognized but he escaped at that point."

Police say he only got away with about $2,000 and it wasn't nearly enough- so he was back at it the next day.

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Fake news, manipulated data and the future of betting fraud

With his blond hair, blue eyes and towering frame -- not to mention a thick Saxon accent -- Marcel Franke was a surprise call-up for the national soccer team of Timor-Leste in Southeast Asia.

By any measure, this Portuguese-speaking, half-island nation in the Indonesian archipelago is a long way from Franke's native Germany. Even with improved scouting networks picking up all sorts of gems, the appearance of his name was a bit jarring. Yet according to an online team roster sheet leaked ahead of two World Cup qualifiers in late 2015, Franke was being readied to debut for the country.

The only problem? It was all fake.

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Supreme Court will hear New Jersey sports betting appeal: What's next?

The United States Supreme Court has agreed to hear New Jersey's appeal in the state's long-running quest to offer legalized sports betting. The ruling breaks a string of courtroom losses for New Jersey, dating back to 2012.

The five major sports leagues -- the NCAA, NFL, NBA, NHL and Major League Baseball -- that sued New Jersey Gov. Chris Christie over the state's plan had urged the Supreme Court to decline review in the case. In reviewing applications for hearings, at least four of the nine Supreme Court justices normally must agree to take the case.

"The case started the conversation in earnest about sports betting in the United States," said Marc Dunbar, a gaming attorney and partner in the Jones Walker law firm who has followed the case closely.

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Ohio man charged with leaving daughter in parked vehicle, while gambling

A Ohio man has been charged with endangering the welfare of a child, after leaving child in a van in a parking garage of the Hollywood Casino in Maryland Heights Sunday.  The two were traveling to Ohio to visit family.

Police say 46-year-old Charles A. Carter, Jr. had stopped for gas and went into the casino to gamble just before 11 pm on Father’s Day.  An employee later discovered his 6-year-old walking alone and crying on the 6th floor of the parking garage.

Ohio Casinos Up 5.5% to $70M in May

After almost a year spent in the doldrums, the fortune of Ohio’s four casinos may finally be on the turn after posting a 5.5% revenue increase to $70.2 million, compared to the same month in 2016. As a result, the state’s casino industry is currently lower by just 1% at $351.4 million for the first five months of 2017, according to financial results released by the Ohio Casino Control Commission.

Greek company wins renewed contract for Ohio's gambling operations despite objections

The Greek company that runs Ohio’s state gambling operations has been granted a renewed contract with potentially lucrative unbid extensions, over the objections of competitors, a hired consultant and some state lawmakers.

Intralot will receive $71 million over two years to provide Ohio’s lottery terminals and electronic slot machines at racinos.

Virtual Reality Is Curing Gambling Addiction

Virtual reality is experiencing a period of rejuvenation as advances in technology have allowed developers to maximise its potential. This has seen it being used in a number of different areas and not just in the gaming world. Therapy is one of those areas to identify VR as a tool for future use.

One research team has already looked into using the technology as a form of treatment for gambling addiction.

Ohio Grants Intralot Unbid $71M Lottery Contract, Extensions

The Greek company that runs Ohio's state gambling operations has been granted a renewed contract with potentially lucrative unbid extensions, over the objections of competitors, a hired consultant and some state lawmakers.

Intralot will receive $71 million over two years to provide Ohio's lottery terminals and electronic slot machines at racinos.

Gambling revenue for month increases

Gambling revenue at Ohio’s four full-service casinos showed a healthy increase in May, suggesting the industry may have stabilized somewhat after a nearly yearlong run of poor year-over-year comparisons.

At Hollywood Casino Toledo, May gaming revenue was $17.3 million, a 4.9 percent increase from last year.

The Ohio Casino Control Commission reported Wednesday that statewide gaming revenue was $70.2 million last month, a 5.5 percent increase over the same month last year.

State officials said revenue was up at all four individual properties.

Table tennis: China suspends coach over gambling debt

Double Olympic table tennis champion Kong Linghui has been suspended as head coach of the Chinese women's team, the country's table tennis association said on its website, after it emerged he faces a lawsuit over a gambling debt.

According to a Hong Kong court writ, Kong, who won gold at the 1996 and 2000 Summer Games, faces a HK$2.55 million (US$327,000) lawsuit over a debt to a luxury hotel in Singapore.

Read more at http://www.channelnewsasia.com/news/sport/table-tennis-china-suspends-coach-over-gambling-debt-8894792

Cozy ties between the police and pachinko industry

Few would believe that the recent crackdown on the education ministry unlawfully arranging post-retirement employment for its officials has ended the corrupt practice of elite bureaucrats landing lucrative jobs at private-sector businesses and organizations that they once supervised. Officials at government ministries and agencies continue to use clever ways to secure post-retirement positions for themselves. A typical example is the police — which hold “reserved seats” for their retired ranks in organizations related to the pachinko industry.