Article: Texas Takes Gamble on Mega Millions Lottery.

Houston Chronicle Knight Ridder/Tribune Business News

Aug. 6--AUSTIN, Texas--Texas is placing its bets on the multistate lottery Mega Millions, noted for its record-setting jackpots and 1-in-135 million odds, the Lottery Commission decided Tuesday.

Commissioners gave Lottery Executive Director Reagan Greer approval to negotiate a contract for Texas to join the 10 other states that form the Mega Millions game, meaning the well-known Powerball lottery appears out of the running.

The Legislature, seeking a way to climb out of a $10 billion budget hole, authorized Texas last spring to join a multijurisdictional lottery.

In June, Gov. ...

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