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$2.5 million Illinois lottery ticket expiresReply
Quote: Originally posted by DoctorEw220 on May 04, 2004Well, I wouldn't be surprised if the winner comes forward a few days later asking for their money. Now that Connecticut awarded an unclaimed prize to the winner, several winners will be asking for their prizes after the tickets expire.The Connecticut State Representatives voted to give the money to Mr. Jackson. Then it was referred back to the legislature's Appropriations Committee. Even if the committee approves the plan both the House and
May 4, 2004, 7:38 pm - keystonechas - Lottery News

$2.5 million Illinois lottery ticket expiresNews Story
Somebody out there just lost $2.5 million.That's how much an Illinois Lotto ticket sold in a Calumet City liquor store on May 3, 2003, was worth -- until 5 p.m. Monday. Now it's worth nothing because the one-year time limit to cash the ticket has passed.The ticket, with the numbers 03-23-28-29-38-42, was sold at Torrence Liquors, 616 Torrence Ave. in the south suburb.If you find it in your wallet or drawer, maybe the liquor store will buy you a drink. Lottery agents collect their 1 percent fee (
May 4, 2004, 6:59 am - Todd - Lottery News

Tennessee lawmakers critical of lottery estimatesNews Story
The Tennessee Lottery's income estimates for next year are lower than originally expected, leading at least one lawmaker to criticize the projections.Lottery officials say the income estimates are conservative, but reasonable.Lottery CEO Rebecca Paul presented the State Funding Board with an estimate of $692 million in total sales for the fiscal year beginning July 1.The first-year estimate, which was used when the lottery legislation was debated last year, was closer to $880 million, based on t
May 3, 2004, 9:39 am - Todd - Lottery News

Store clerk accused of stealing lottery winningsReply
You can easily check older tickets on the web before cashing them in...In PA, the big green machines have a display facing the customer that when scanned, will say Winner or Not a Winner ... it does NOT give the amounts on the customer side...If you play in PA, ALWAYS check at http://www.palottery.com for the number and also the payout... important on lower tier pari-mutuel prizes like 3 out of 5 and 4 out of 5 on the Cash5. Now that stupid6 is gone, only the cash 5 retains the pari-mutuel p
May 2, 2004, 11:38 am - hypersoniq - Lottery News

Store clerk accused of stealing lottery winningsReply
Quote: Originally posted by vincejr on April 29, 2004I agree, however, doing so holds no real benefits for the bottom-line oriented lotteries. New equipment means more money, more money spent on equipment means less for scholarships, schools, old people, sports stadiums, and the like (depending on the state). A more workable option would probably be to make the equipment available to retailers on a rental basis, so those stores who would see the benefit of shorter lines (e.g. 7-11, Circle K, K
Apr 30, 2004, 12:02 am - DoctorEw220 - Lottery News

Ohio man becomes an instant millionaireReply
Respectfully, I disagree. While as a player it may seem great to have paybacks in the 70-80% range, that is not the intended purpose of the state lottery games. The lottery generates money for worthwhile state programs. In the case of Pennsylvania the money goes to benefit senior citizens.For the large jackpot games a mix of 50% for the state programs, and 50% for the players seems to be about right.The lottery, in a way is a voluntary tax. You know ahead of time the game odds. You know where th
Apr 29, 2004, 9:12 pm - keystonechas - Lottery News

Store clerk accused of stealing lottery winningsReply
Quote: Originally posted by TREASURE on April 29, 2004I think it would be great if the various lotteries invested in self scanning machines. I agree, however, doing so holds no real benefits for the bottom-line oriented lotteries. New equipment means more money, more money spent on equipment means less for scholarships, schools, old people, sports stadiums, and the like (depending on the state). A more workable option would probably be to make the equipment available to retailers on a rental b
Apr 29, 2004, 4:41 pm - vincejr - Lottery News

Powerball Jackpot Rolls to $103 MillionReply
Quote: Originally posted by weshar75 on April 22, 2004Tennessee sure had strong ticket sales of winners. Second on the winners list behind Pennsylvania. Tennessee should have a powerball jackpot winner by the end of this year. It sure had strong ticket sales. But i'm afraid that much of the hype disappears after the first month of a new lottery. I'm not saying Tennesse will not continue to have strong lottery ticket sales. But I dont think they will be as strong as the first month of PB d
Apr 22, 2004, 10:42 am - twisted - Lottery News

Law firm cuts lottery bill by 15% after scrutinyNews Story
A Nashville law firm has agreed to reduce its $892,000 bill for legal services to the Tennessee lottery by 15 percent, or more than $100,000 legislators said Monday.Sen. Jerry Cooper, D-Morrison, co-chairman of the Fiscal Review Committee, said the reduction came after negotiations between the state attorney general's office, legislators and the law firm of Waller Landsen Dortch Davis, which teams with other law firms under a contract with the Tennessee Education Lottery Corp.Legislators had b
Apr 20, 2004, 7:16 am - Todd - Lottery News

IRS ruling on Lotto foughtReply
Actually Butterfly, you have a point. Just ask anybody who has an ESOP. They should call ESOP a capital gain for the company owners who can sell their lion share back to the company and then sell the company itself. The new owners then devalue the employee shares and then buy them up at a bankruptcy prices. This has happened at 2 companies I have worked for. Many other people are at risk. I've heard nothing but bad things about these funds due to distribution of shares. CEO's tend to be awarded
Apr 17, 2004, 4:57 am - jeffrey - Lottery News