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Commission approves settlement between House leader, GTECHNews Story
The Rhode Island state Ethics Commission was to vote Tuesday on a proposed settlement that would have House Majority Leader Gordon Fox pay a $10,000 fine for voting on a $770 million, no-bid deal for the lottery company GTECH in which his law firm was involved.If the deal is approved by the panel, Fox, D-Providence, would be spared a potential $25,000 fine, if found guilty.Fox denied knowing his law firm had been hired to work for GTECH when he voted on April 20 on legislation to have GTECH run
Jan 20, 2004, 5:02 pm - Lottery News

N.C. surrounded by state gamblingNews Story
Tennessees launch of a state lottery on Tuesday leaves North Carolina surrounded by states sponsoring gambling games.The arrival of Tennessees lottery will dventually be a timesaver for Gail Nelson of Waynesville. A couple of times a year, she makes the 90-minute drive to Landrum, S.C., to buy $20 worth of lottery tickets for multimillion-dollar drawings.Her Haywood County home is just 30 minutes from the Tennessee line, and she said shell visit the Volunteer State once its lottery grows beyond
Jan 20, 2004, 6:16 am - Lottery News

Ohio City Can't Collect Taxes From Mega MillionsNews Story
Here's the latest twist in the saga of last month's $162 million Mega Millions lottery drawing.City officials in the Cleveland suburb of South Euclid were stunned to learn that they can't collect $1.4 million in income taxes from the winner. It seems the city charter wasn't updated to include lottery winnings as taxable income. It's not a good day for the city, Mayor Georgine Welo said Monday. We were all excited until we went to go for the money and learned that we are not entitled to it. We
Jan 20, 2004, 6:11 am - Lottery News

Security heads list of lottery prioritiesNews Story
There could be a lot of winners after scratch-off lottery tickets go on sale at 12:01 a.m. tomorrow.But it won't be because the lottery manipulated the games to produce more winners right away to entice more people to play.''It will appear there are more winners the first day than the second day,'' said Rebecca Paul, president and chief executive officer of the Tennessee Education Lottery Corp.''We'll sell more tickets the first day so we'll have more winners based on the fact that you sell more
Jan 19, 2004, 7:18 am - Lottery News

Lottery winners challenge IRS, tax court rulingsNews Story
Because lottery winner Benjamin Y. Lelina sold the rights to the balance of his winnings, he could lose $45,000 to Uncle Sam.The Jacksonville resident is not the only lottery winner to turn potential loser. He is just one of many caught up in an Internal Revenue Service enforcement action requiring such sales to be treated at higher personal income tax rates rather than as capital gains.The deck could be stacked against Lelina and his wife, Teresita S., in U.S. Tax Court here because the court p
Jan 17, 2004, 7:02 pm - Lottery News

Lottery Dead Issue in Alabama LegislatureNews Story
Recent news accounts suggest the lottery will be back in the legislature this session due to discussion of budget shortfalls. Sen. Barron (D-Fyffe) said, I think we'll vote to let you vote on the lottery. Rep. John Rogers (D-Birmingham) indicated he would seek to introduce a constitutional amendment legalizing casinos and a lottery and Rep. Randy Hinshaw, (D- Meridianville) stated, We're in the position now where nothing is off the table. The Christian Coalition of Alabama distributes Candid
Jan 16, 2004, 5:15 pm - Lottery News

Lottery Loser Pleads No Contest in Mega CaseNews Story
The woman who claimed she lost a winning $162 million Mega Millions lottery ticket pleaded no contest Thursday to lying on a police report.After entering the plea, Elecia Battle, 40, of Cleveland, was convicted by the judge. She faces a possible penalty of 30 days to six months in jail and $1,000 fine at sentencing Feb. 19.A no contest plea is not an admission of guilt, but means the defendant will not fight the charges.Battle had filed a police report after the Dec. 30 Mega Millions drawing, sa
Jan 15, 2004, 8:20 am - Lottery News

Alabama may revisit lottery this yearNews Story
State Sen. Pro Tem Lowell Barron expects the lottery to return to Alabama this year as an option to deal with the states continuing budget crisis.Five years after Alabama voters turned away a lottery referendum and facing what he called the worst budget crisis in his 25 years in Montgomery, Barron, D-Fyffe, told a town hall meeting at Ruhama School in Dogtown on Monday the people will again get a chance to vote on a lottery. I think well vote to let you vote on the lottery, Barron told the crow
Jan 15, 2004, 5:44 am - Lottery News

If you win a lottery prize, the IRS awaitsNews Story
A lottery prize means federal income tax obligationsWith the Tennessee Lottery to start in a week, participants might just be dreaming about a new house, a new car and traveling around the world. But it also means thinking about how playing the lottery can affect the filing of your federal income tax return.Winning a lottery prize may open the door to many financial opportunities, but it may also result in a significant federal income tax obligation. Keeping good records of your winnings and lo
Jan 13, 2004, 5:06 am - Lottery News

Indiana Bill Targets Deadbeat Parents' Gambling WinningsNews Story
Children Would Get Cut Of Gambling Winnings Under BillDeadbeat parents who gamble at riverboats and racetracks would have to give their children a cut of their winnings under a bill being considered by the Indiana Senate.The bill, sponsored by Sen. Richard Bray, R-Martinsville, would garnish the winnings of gamblers who owe child support. The program is similar to one already used by the Hoosier Lottery.Casinos, betting parlors and racetracks would be required to check the name of any person who
Jan 9, 2004, 5:26 am - Lottery News