Latest News
Idaho Lottery Celebrates 35 Years with Record Dividend to People of Idaho
During a community celebration at The Village in Meridian, the Idaho Lottery commemorated their record-breaking 35th Anniversary by returning the single largest dividend in their history to the people of Idaho. The Idaho Lottery Commission presented Governor Brad Little with an $84,000,000 dividend check, a 2.4% increase over last year’s dividend.
“In 1988, Idahoans voted at the ballot box and approved establishing a state lottery to benefit public education. The Lottery has been a success for players, and it has created economic opportunity for Idaho businesses. Most importantly, the Lottery team has contributed nearly $1.3 billion for the benefit of Idaho public schools and buildings,” Governor Brad Little said.
Historically, Idaho Lottery dividends have been used by school districts for building maintenance, repairs, and operational projects. A change in statute during the 2024 Legislative session changes how Lottery dividends are utilized by the State’s school districts.
“Idahoans who play the fun and entertaining games from the Idaho Lottery help build communities in Idaho. Today we are in the West Ada School District where last year’s dividends are being used by local builders and tradesmen to repair roofs, replace HVAC systems, and make school facilities more accessible. Today’s Idaho Lottery dividends will benefit future public school district facilities and provide property tax relief by paying down voter-approved bonds and levies,” said Jeff Anderson, Idaho Lottery Director.
Governor Little and Idaho Lottery Commission Chairman, Craig Corbett, awarded the largest single check ever from the Idaho Lottery to support public education in the Gem State. On behalf of Idaho Superintendent of Public Instruction, Debbie Critchfield, the Department of Education’s Chief Financial Officer, Gideon Tolman, accepted a check for $52,500,000.
“The 35th anniversary of the Idaho Lottery is the perfect time to celebrate all the good it has done for Idaho’s public schools. For years, the lottery has helped support K-12 education and once again, on behalf of Idaho schools, I want to thank Idahoans for these additional resources that will continue to benefit public school operations in our state,” said Superintendent of Public Instruction, Debbie Critchfield.
Dale Reynolds, Chairman of the Permanent Building Fund Advisory Council, accepted a check for $31,500,000 on behalf of the State’s Permanent Building Fund. Permanent Building Fund dollars support maintenance and capital projects for State-owned facilities and Idaho’s public college and university buildings.
“Over the past 35 years, the Lottery has proven its resourcefulness and partnership by contributing well over half-a-billion dollars for Idaho’s state-owned facilities. Lottery revenue each year enables us to preserve our historical facilities, provide safe work environments for the Gem State’s employees, and improve the quality of Idaho’s collegiate campuses,” said Reynolds.
This year’s dividend comes after Idaho Lottery sales exceeded the $400 million threshold for the second consecutive year.
“This is all made possible with funds from the Idaho Lottery, not tax dollars,” added Anderson.
In addition to the dividend record, the Idaho Lottery also awarded a record amount to their network of over 1200 brick and mortar retail locations who earned $24.7 million in commissions.
Industry News
Gaming and Leisure Properties Inc. Names Carlo Santarelli Senior Vice President, Corporate Strategy and Investor Relations
Gaming and Leisure Properties Inc. announced that Carlo Santarelli has been appointed Senior Vice President, Corporate Strategy and Investor Relations, a new position at the Company. Mr. Santarelli will begin his new position on August 18, 2025 and will report to GLPI President and Chief Operating Officer, Brandon Moore.
Mr. Santarelli brings over 25 years of Wall Street experience in Equity Research and Investment Banking to his new role and joins the Company from Deutsche Bank where he was Managing Director of Gaming & Lodging Equity Research. Prior to Deutsche Bank, Mr. Santarelli held similar positions at Bear Stearns, JP Morgan and Wells Fargo. He consistently ranked highly in Institutional Investor and other sell-side analyst research polls as a thought leader in the space, providing unique perspectives on industry events and trends with his data-driven approach and stock picking talent. Carlo Santarelli graduated from the University of Pennsylvania with a B.A. in Economics in 2000.
Peter Carlino, Chairman and Chief Executive Officer of GLPI, said: “We’ve known and respected Carlo’s research work on the gaming, lodging and gaming REIT sectors for many years. Carlo brings to GLPI an in-depth knowledge of the industry and its participants, having experienced GLPI’s original formation of the gaming triple-net-REIT structure from a research analyst and capital markets perspective. We value his deep network of contacts among institutional investors, sell-side analysts and a wide range of gaming industry operators and we look forward to the value of his contributions.”
In his new role, Mr. Santarelli will work with Mr. Carlino and GLPI’s senior management to develop and evaluate growth opportunities and strategic relationships, and will oversee investor relations interactions.
VIP Play, a technology-driven leader in interactive consumer engagement, announced that Jim Mackey, the Company’s Chief Financial Officer, will step down from his role, effective August 8, 2025.
The Company has initiated a transition process and is in the process of identifying a successor. Mackey will assist in an orderly transition over the coming weeks.
“We thank Jim for his contributions to the Company, particularly during a transformative period for our business. We remain focused on executing our strategic priorities, including financial visibility, operating efficiency, and delivering value to our stakeholders,” said Les Ottolenghi, CEO of VIP Play.
BETBY, the premium supplier of cutting-edge sportsbook solutions, has published a detailed report titled “The Peruvian Breakthrough: A Market Ready for Takeoff”, offering a thorough analysis of the country’s newly regulated iGaming industry.
Following the implementation of Peru’s online gambling framework in 2024, this report explores the legislative transformation, market growth trends, and consumer behavior shaping one of Latin America’s most promising emerging markets.
The report covers several key aspects, including:
✅ Evolution of Peru’s gambling legislation and its impact on market structure and operator licensing;
✅ Market performance analysis, including land-based vs. online growth and mobile channel adoption;
✅ Economic indicators, such as GDP contribution, per capita GGR, and projected market size through 2030;
✅ Player profiles and betting behavior, with insights into frequency, motivations, and engagement across age and gender groups;
✅ Digital readiness, including mobile usage, internet speeds, and device preferences;
✅ Competitive landscape, with a breakdown of leading operators and changes in market share.
🔗 DOWNLOAD the report to discover strategic insights and unlock growth opportunities in Peru’s regulated gambling ecosystem.
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