Tennessee retailers reluctant to pay lottery prizes in cash

Comment #6

CASH Only — Sat, 12 Jun 2004 14:32:09 GMT

Me too.

Comment #5

rdarmand — Fri, 21 May 2004 13:39:45 GMT

Quote: Originally posted by vincejr on April 29, 2004I think the problem needs to be turned around by the retailers....if a retailer is smart, they will advertise the fact that they pay all prizes in cash. Customers who want this will then cash tickets at that store. Granted, while TN doesn't pay a cashing bonus like other states, as any player knows, winning tickets paid in cash usually lead directly to extra sales, whether it be of lottery tickets or of a cup of coffee and a danish.Very good i... [ More ]

Comment #4

vincejr — Thu, 29 Apr 2004 20:44:47 GMT

I think the problem needs to be turned around by the retailers....if a retailer is smart, they will advertise the fact that they pay all prizes in cash. Customers who want this will then cash tickets at that store. Granted, while TN doesn't pay a cashing bonus like other states, as any player knows, winning tickets paid in cash usually lead directly to extra sales, whether it be of lottery tickets or of a cup of coffee and a danish.

Comment #3

whodeani — Thu, 29 Apr 2004 16:17:39 GMT

Lottery retailers are given cash when tickets are bought. Lottery retailers then should give cash back when tickets are redeemed. Making payouts in cash is part of the cost of lottery retailers doing business. I am sure they have no problems cashing those commission checks they get from the state lottery every month or however often they get them.

Comment #2

CASH Only — Thu, 29 Apr 2004 13:34:33 GMT

As long as big winners can receive CASH instead of annuity.

Comment #1

nobie23 — Thu, 29 Apr 2004 12:43:22 GMT

as a customer playing the TN lottery I would want my prize in cash unless it is a large amount I won. Whats the purpose of playing and you win and the retailer gives you a money order or check to collect your winings; then you have to waste the high price of gas to go cash a check.they need to come up with a better solution and have local offices within each county that has cash to pay out nobie23

Tennessee retailers reluctant to pay lottery prizes in cash

Lottery Post — Thu, 29 Apr 2004 11:30:44 GMT

Rebecca Paul, CEO of the Tennessee Education Lottery Corp., said she is concerned because retailers do not want to pay out lottery prizes in cash.Retailers do not have to pay cash for prizes over $20, Lottery spokesperson Kym Gerlock said. The Lottery Corp. encourages them to pay prizes in cash but they can also pay by check or money order.Paul is concerned paying by check or money order will discourage participation in the lottery. The statute gave our retailers 6.5 percent base [pay] with no c... [ More ]