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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

Clerk free on bail in lottery ticket caseNews Story
A Cook County judge set bail at $25,000 Wednesday for a Chicago Board Options Exchange clerk accused of swiping her co-workers' winning $175,000 lottery ticket.But Dora Leal's attorney insisted the clerk thought the Mega Millions ticket was worth less than $10 and that there was no chicanery intended -- she just misplaced the ticket. This is completely out of her character, attorney Robert Kuzas said after her bond hearing. She's very distraught over this. Police charged Leal, 44, of North Spa
Jan 8, 2004, 5:11 am - Lottery News

Trading clerk surrenders to face charges of stealing lottery ticketNews Story
The trading clerk at the center of a $175,000 Mega Millions lottery ticket dispute in Chicago surrendered to police Tuesday on felony theft charges.Dora Leal, 44, of North Spaulding Avenue, showed up at Harrison Area headquarters with a lawyer and turned herself in, Cmdr. Steve Peterson said. The surrender was arranged by detectives Kenneth Krupowicz and Cleveland Thomas.The whereabouts of the disputed lottery ticket are unknown.Leal is accused of pocketing a winning ticket that a group of trade
Jan 7, 2004, 11:32 am - Lottery News

Tuesday's Mega Millions Jackpot Raised to $155 MillionNews Story
Today, the 11-member group of Mega Millions announced Tuesday's jackpot would be worth an estimated $155 million, up $5 million from the previous estimated amount.No ticket matched all five numbers plus the Mega Ball for Friday's drawing worth $125 million. Overall sales within the entire group prompted this morning's actions, said Texas Lottery Commission Executive Director, Reagan E. Greer. Bumping up the jackpot amount always creates excitement for players, and we expect this bump will do
Dec 29, 2003, 5:31 pm - Lottery News

Orgeon lottery gears up to sell new contractNews Story
Critics have called for the agency to expand revenue from games and cut retailers' compensationOregon State Lottery officials will launch two weeks of public forums in March to talk to retailers about compensation rates and other issues as the agency prepares a new six-year contract.Under a fast-track schedule unveiled to lottery commissioners Friday, agency representatives should hit Pendleton, Bend and Ontario the first week of March before moving on to Grants Pass, Eugene, Salem and Portland.
Dec 22, 2003, 6:09 am - Lottery News

Lottery Scam Reaches N.D. Sen. ConradNews Story
The letter looked official, but Sen. Kent Conrad thought the offer was fishy: wire $700 to Germany, then $715,810 in Spanish lottery winnings was his.The North Dakota Democrat even had an agent willing to talk him through -- or into -- the deal. I'm going to go right home and tell my wife, Conrad told the man who claimed to be an international lottery official. This is going to make a very merry Christmas in the Conrad household. Conrad was one of the latest targets of a mail scam that has r
Dec 18, 2003, 3:55 am - Lottery News

Lottery Event of the Year Happens in 10 DaysNews Story
It is awaited with all the excitement and ritual proper to the season. Spain's Christmas lottery is worth a record 1.75 billion (US$2.14 billion) to the winners this year, including 380 million (US$465 million) for El Gordo ( The Fat One ).The 2003 tickets, illustrated with a sentimental Nativity scene painted by Spaniard Pedro Berruguete (1445-1503), were put on sale as far back as July.Ever since, hairdressers' windows, cafe counters and fast-food fronts have been plastered with millions
Dec 12, 2003, 7:19 am - Lottery News

Trying to Sell California's LotteryNews Story
The lyric California, here we come, right back where we started from is part of:a) A song heard by millions of viewers when the series The O.C. appears on Fox Broadcasting.b) A song that perfectly captures the bizarre circumstances of what may well be the strangest advertising account review ever to take place in the West.c) Both of the above.(The answer is, of course, c, and those who chose it must read daily newspapers enough to recognize a column-opening gambit when they see one.)The re
Dec 12, 2003, 5:27 am - Lottery News

Lottery Retailer Approvals In Full SwingNews Story
The Tennessee Lottery is moving swiftly to sign up retail outlets across Tennessee that want to be part of the lottery's kickoff on or before February 10, officials said.After approving the first two dozen retailers late last week, the Lottery's group of retail outlets had grown to nearly 2,000 by early Wednesday. As the approval process kicks into overdrive, we're adding retailers on a daily and even hourly basis, said Rebecca Paul, president and CEO of the Tennessee Lottery.Authorized retaile
Dec 11, 2003, 4:49 am - Lottery News

Starting date for N.D. lottery is set for March 25News Story
North Dakota will begin selling Powerball tickets March 25, the director of the new state lottery said.The date, a Thursday, was suggested by Scientific Games International, the company that has been hired to supply computer terminals and other equipment for retailers to use in selling tickets.North Dakota's lottery will begin business by selling tickets to Powerball, a game that is played in 24 states, including Montana, South Dakota and Minnesota.Later next year, the lottery will begin offerin
Dec 10, 2003, 7:14 am - Lottery News