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CA Lottery - California Love - CA Lottery Scratchers
Where did you read the info on a new 2nd chance program? And how is it easier to cash tickets at retailers?
Nov 22, 2014, 1:28 am - DGinElMonte - Instant ("Scratch-Off") Games forum

Audit: Stores buying Michigan lottery tickets from players
I did read the rest of your post and started wondering if we're discussing the same thing. If the average prize is about $3000, Federal law requires the Michigan Lottery to issue a W2-G for prizes over $600. In Michigan players with winning tickets valued $601 to $50,000 must go to a regional office, lottery headquarters, or a designated bank in the Northern part of the state and the Upper Peninsula. If you, me, a lottery retailer, or anybody buys a ticket valued over $601 at a discount, to coll ...
Nov 21, 2014, 12:55 pm - Stack47 - Lottery News forum

Audit: Stores buying Michigan lottery tickets from players
Lottery retailers cash tickets for the lottery and any unreported winnings (under $600) is included with all the tickets. The audit is implying every ticket cashed belongs to the store and the owners are taxed on that amount. And none of casinos required ID to cash out my chips. Where did you see that most casinos require ID?
Nov 20, 2014, 2:09 am - Stack47 - Lottery News forum

Audit: Stores buying Michigan lottery tickets from players
Once again, still not true, only technically. If I win scratchoffs or jackpots that are under $500, I will get cash in my hand from the retailer and no one is the wiser. If you are not intelligent, you will deposit in the bank and file it with the IRS, but that is your choice and your problem. You can go to the casino everyday, win $100 and there is no documentation or paper trail which will require you to pay any taxes, and that is reality. If I win $100 on a scratchoff, I walk in, hand the ret ...
Nov 19, 2014, 9:40 pm - VenomV12 - Lottery News forum

Audit: Stores buying Michigan lottery tickets from players
This sounds like a bizarre twist on the old I can't cash the ticket I'm an illegal scam, except that there is a payoff. Sounds like some Michigan lottery retailers are the J C Wentworth of lotto!
Nov 19, 2014, 8:07 pm - Coin Toss - Lottery News forum

Audit: Stores buying Michigan lottery tickets from players
The State better watch it before the retailers cut them off at the knees, that's who holds the real power with the lottery. Most if not all stores could stop selling lottery tomorrow and it would have little to no effect on their bottom lines. If you sell a $1 bag of chips you make 50 cents before all expenses. In comparison if you sell a $1 lottery ticket, you make 6 cents before expenses. The State is getting their money, the government is getting their taxes which they really should not since ...
Nov 19, 2014, 4:53 pm - VenomV12 - Lottery News forum

Audit: Stores buying Michigan lottery tickets from players
They already know which retailers and forgot it's not against the law to purchase a lottery ticket for less than face value. I never did it, but if someone offered me a legitimate pick-4 $5000 winning ticket for $2000, I probably would. There sure are lots of state agencies and reporters trying to get their five minutes of fame on something that is apparently legal.
Nov 19, 2014, 12:42 am - Stack47 - Lottery News forum

Audit: Stores buying Michigan lottery tickets from players
Some Michigan stores that sell lottery tickets are hitting the jackpot by buying winning tickets from desperate players at a discount, according to auditors who are urging a crackdown on the illegal practice. Lottery players who owe back taxes or other debts don't want the state to learn their identity. So they're probably selling winning tickets back to retailers for less than what they're worth, the audit found. An audit released Tuesday said 37 store owners turned in winning tickets wor ...
Nov 18, 2014, 10:13 pm - Todd - Lottery News forum

What's The Clerk do with YOUR winning Ticket after you Cash it?
I'm not sure I understand what a crook bringing a previously cashed winning ticket into a store has to do with losers that are already in the box under the counter. Retailers don't care to have their clerks time taken up rechecking tickets these crooks (dumpster divers) bring in to be checked again.
Nov 17, 2014, 2:00 pm - RJOh - Lottery Discussion forum

What's The Clerk do with YOUR winning Ticket after you Cash it?
I agree, retailers are allowed to keep them. But what other purpose can the kept losing tickets serve other than for them to be used to offset gambling winnings? (legally or illegally) I'm not sure I understand what a crook bringing a previously cashed winning ticket into a store has to do with losers that are already in the box under the counter. I'm sure retailers do get tired of somebody trying to scam them with a previously cashed ticket, but the losing tickets already in the box under th ...
Nov 16, 2014, 12:21 pm - GiveFive - Lottery Discussion forum

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