Cottage industry helps lottery winners dodge taxes
With few rules or law enforcement to stop it, a cottage industry has popped up to help lottery winners avoid taxes, child support, and other debts, potentially costing the state and federal governments millions in lost revenue.
Enterprising merchants risking charges of aiding tax evasion are openly hawking losing lottery tickets on Craigslist and eBay to help winners offset the profits with phony gambling losses.
If you need the losers to write off for taxes, read one ad, since removed, f ...
Aug 7, 2014, 11:33 am - Lottery News forum
Largest instant prize in Mass. lottery history claimed by trust
The first $15 million grand prize in the Mass. State Lottery's $30 World Class Millions instant game has been claimed.
According to Christian Teja of the Mass. State Lottery, the BWE Nominee Trust of Marblehead claimed the money. The trust was represented by trustees Andrew G. Christensen and Stephen J. Farrar.
This is the largest instant scratch and win prize ever awarded in Mass. Lottery history. The trust chose the cash option and received a one-time payment of $9,750,000, less taxes.
Jul 30, 2014, 12:57 pm - Lottery News forum
Some lottery winning streaks have defied belief
The Brudnicks may be one of the luckiest families in Massachusetts.
In just the last couple of years, Chelsea insurance agent Robert Brudnick has cashed in 140 winning Massachusetts lottery tickets worth at least $1,000 each. His 25-year-old daughter Ashley has racked up another 100 wins. And his 23-year-old son Nathan, has turned in 99 more. The total take: More than $440,000, mostly from scratch tickets.
But state lottery officials and statisticians say they doubt any family could be tha ...
Jul 20, 2014, 3:02 pm - Lottery News forum
Massachusetts man turns 21, wins $1 million lottery
Ryan McNulty of Marshfield, Massachusetts, turned 21 and celebrated a day later by claiming a $1 million prize in the state lottery's Billion Dollar Bonanza instant game.
McNulty chose to collect in annual payments of $50,000 (before taxes) over 20 years. He told lottery officials he will use the money to buy a new car and pay some bills.
His lucky ticket was purchased at Green Harbor General Store, 40 Marginal Street in the Green Harbor section of Marshfield. The store will receive a $10, ...
Jul 11, 2014, 11:04 am - Lottery News forum
Players snapping up Mass. Lottery's new $30 tickets
The Massachusetts State Lottery, following the lead of a handful of other states, has rolled out new scratch tickets at a significantly higher price $30 a pop saying there is a market for more costly games with the chance of bigger winnings.
Since the new game was launched last Tuesday, bettors have snapped up more than $8 million in tickets, hoping to win one of the four $15 million instant jackpots or at least take home one of the 36 $1 million prizes. Dina William, who, along with her husb ...
Apr 29, 2014, 9:06 am - Lottery News forum
Massachusetts Lottery to launch $30 instant ticket in April
The Massachusetts State Lottery next month will launch a $30 instant ticket the highest priced ticket in the agency's history with a top prize of $15 million.
Known as World Class Millions, the game's top prize will be the highest scratch-and-win payout ever offered by the agency, officials said at a meeting Tuesday.
Overall, the game will pay out more than $600 million in cash prizes. Ticket sales will begin at the end of April. Massachusetts will become the 14th state to offer a $30 inst ...
Mar 26, 2014, 7:09 am - Lottery News forum
Massachusetts Lottery names new executive director
Shaking hands with someone who has just won a million dollars is not a bad way to make a living.
Lynn native Beth Bresnahan, 38, is the second woman and youngest person to head the Massachusetts State Lottery, which has 400 employees and 7,400 agents statewide. It generated $4.85 billion in sales last fiscal year, with $956 million returned to cities and towns in unrestricted local aid.
Bresnahan, who previously served as the lottery's assistant executive director and marketing and communi ...
Mar 20, 2014, 4:30 pm - Lottery News forum
Winning lottery ticket gets Mass. man off the hook for speeding
A Rockland, Massachusetts, man not only won the lottery Thursday morning, but also used the winning ticket to help him avoid a speeding ticket in Hingham.
According to Hingham police Sergeant Steven Dearth, a man was driving on Sharp Street around 11 a.m. when he was pulled over for going 49 miles per hour in a 35-mile-per-hour zone.
[The officer] stopped the car, and when he walked up to the car he could see the driver was shaking ... at first he didn't know what was the issue, Dearth sa ...
Feb 28, 2014, 2:17 pm - Lottery News forum
Snowstorms hurt Massachusetts Lottery sales
Lottery ticket sales dipped in December by nearly $1 million below last year s total a drop Lottery officials attribute to two snowstorms that kept buyers out of stores.
During the Dec. 17 storm, Lottery agents lost out on rush hour sales when many commuters spent hours in their cars driving home, Beth Bresnahan, assistant executive director of marketing and communications, said during a Lottery Commission meeting Tuesday.
But a record $648 million Mega Millions jackpot prevented the sales ...
Jan 29, 2014, 11:40 am - Lottery News forum
Mass. Lottery wants to experiment with online gaming
Massachusetts Lottery officials asked lawmakers Tuesday to pass legislation that would let the agency experiment with online gambling.
We are not proposing to offer these games to our players with an actual cash transaction, nor are we seeking any appropriation to fund such operations, Lottery Assistant Executive Director Beth Bresnahan told the Committee on Consumer Protection and Professional Licensure. Rather, in the interests of preserving and protecting the Lottery, we simply want to en ...
Jan 29, 2014, 9:24 am - Lottery News forum