kentucky lottery

Steve Beshear Office / Flickr (Creative Commons License)

The Kentucky Lottery says its longtime president and CEO Arch Gleason died Friday from injuries sustained in a fall.  

Steve Beshear Office / Flickr (Creative Commons License)

Kentucky Lottery President and CEO Arch Gleason will retire next month.  

Paducah Public Schools, via Facebook

A group of staff members from Paducah’s McNabb Elementary will divide $1 million worth of Wednesday night’s $1.6 billion record-breaking Powerball prize.

Wikimedia Commons

The Kentucky Senate has approved legislation paving the way for development of a new state lottery game that has an equine connection.  Proponents say the game would benefit the horse industry and school children.

The House budget committee has passed a bill that would help shore up the state's underfunded pension system. House Bill 416 would take revenues from expanding Kentucky lottery sales and online games, as well as from Instant Racing if the state Supreme Court upholds the legality of the game.

House Speaker Greg Stumbo says the bill would generate at least $100 million a year to be put into a trust fund for pensions.  And he says using money from lottery sales won't hurt scholarship funds tied to lottery profits.

"Those are left harmless, they'll still be funded. And they'll be allowed 2 percent growth in this proposal so they'll still continue to grow," Stumbo said.

Kentucky Lottery Projections High

Jul 2, 2012

The Kentucky Lottery is projecting record sales this year. The commission’s chief financial officer Howard Kline says sales are likely to exceed $817 million and that would be the lottery’s best year ever.