Wednesday, March 13, 2013

Wyoming joins states offering lottery

Wyoming residents can start dreaming about hitting the big one. Gov. Matt Mead on Wednesday signed into law a bill allowing the state to create a lottery or join a multi-state lottery, such as Powerball. Mead says he's personally lukewarm about a lottery. But he was persuaded by the prospect of Wyoming benefiting from money that state residents have been spending on lottery tickets in surrounding states. Under the law, the first $6 million in proceeds from the lottery will go to local governments. Any proceeds over that amount would go to a public school foundation fund. Mead will appoint a nine-member board to oversee the quasi-governmental corporation that will run the lottery. It'll take about a year to get the lottery up and running.

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