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tax strategyReply
I am an accountant who has a very large net operating loss ($4,800,000) that I think could be combined with someone's winning, but not yet redeemed lottery ticket to give both parties substantial additional income. Perhaps this would be my first reason to avoid you at all expense. Any, and I do mean ANY Accountant worth their salt would never let anyone other then those who absolutely must be informed, know they have an operating loss. Has anyone ever used this strategy or does anyone
Apr 9, 2007, 6:05 pm - SirMetro - Lottery Discussion Forum

U.S. Settles BetOnSports Online-Gambling Civil CaseNews Story
A federal prosecutor reached a settlement Thursday with online gambling company BetOnSports PLC that permanently bars the London-based company from accepting any bets from the United States. The lawsuit has been closely watched by the online gambling industry, which generates about $6 billion annually in the United States. The settlement ends a massive civil case U.S. Attorney Catherine Hanaway filed this summer. It does not effect a criminal case still pending against several BetOnSpor
Nov 12, 2006, 9:03 am - Todd - Lottery News

Texas Lottery hires interim director to full-time postNews Story
FLASH: New lottery director may change computerized Megaplier to real lottery ball drawing, expert says computerized drawings flawed Anthony Sadberry, a longtime Houston attorney who led a reorganization of the Texas Lottery in the past five months as acting director, was named the agency's permanent head Wednesday. Sadberry's hiring was widely expected among agency observers and staff, many of whom have praised his straightforward and hands-on approach. Commission Chairman C. Tom Clow
Jun 29, 2006, 11:12 am - Todd - Lottery News

Will N.C. create a lottery-video poker partnership?News Story
North Carolina House Speaker Jim Black, D-Mecklenburg, argues that North Carolina's new education lottery will remove the allure of another hotly debated form of gambling -- video poker. People tell me the lottery will probably pretty much do away with video poker, said Black, who backs the video poker industry. Those people who want to do some recreational gambling can certainly get their kicks with the lottery. Other video poker supporters hope the opposite will happen.A few states have made
Sep 12, 2005, 6:51 am - Todd - Lottery News

New Hampshire sues DOJ over new Wire Act rulingNews Story
New Hampshire on Friday became the first state to legally challenge last month's U.S. Department of Justice decision to revise the Federal Wire Act, filing a federal lawsuit that would halt enforcement of the opinion that could keep the state from selling lottery tickets online. The state is asking a U.S. District Court judge to vacate the 23-page opinion from the Department's Office of Legal Counsel, confirm that the Wire Act does not apply to state lotteries, and permanently keep the Justic
Feb 15, 2019, 5:25 pm - Todd - Lottery News

online lotteryReply
I'm a bit confused about this online play because I've read it is not illegal Welcome to the club! I played online poker and it was simply setting up an account and using a regular bank checking debit account to deposit money into the online poker account. I could withdrawn from the poker account and the money would be in my debit account in less than three days. It was a legal transfer of funds for gambling to and from U.S. banks to foreign banks until Congress passed the Unlawful Inter
Sep 17, 2013, 2:05 pm - Stack47 - Lottery Discussion Forum

online gambling ban repelReply
I believe Rep. Barney Franks from MA has a bill that will change the language that made all forms of online gambling unlawful through the passing of Unlawful Internet Gambling Enforcement Act , or just simply known as UIGEA. There are two major organization (as far as i know) who are lobbying for the change of UIGEA language or a complete repeal of the law. They are IMEGA and PPA (Poker Players Alliance). I suggest googling the two organization so that you can get connected to the right ne
Jul 26, 2009, 1:42 am - joshuakim - Lottery Discussion Forum

Online poker group says gov't seized $30M in player payoutsNews Story
In the latest skirmish in the battle over Internet gambling, online poker advocates say the government has frozen more than $30 million in payouts affecting thousands of players. The Poker Players Alliance released a statement Tuesday claiming that the U.S. attorney for the Southern District of New York instructed four banks to freeze accounts belonging to online payment processors. John Pappas, the group's executive director, claims the frozen accounts contain funds owed to 27,000 players wh
Jun 10, 2009, 7:45 pm - Todd - Lottery News

NJ Lottery to enforce child support withholdings from winnersNews Story
Law already on the books, now legislature insists on its enforcement New Jersey moved closer Thursday to collecting its due from lottery winners who owe the state money. A measure approved unanimously by the Assembly would require lottery officials to deduct outstanding debt before awarding prize money. The proposal would affect anyone who wins more than $600 and owes the state money. State officials estimate that the new requirement would raise $800,000 to $1 million a year. The
Jun 22, 2007, 12:45 pm - Todd - Lottery News

online poll....will H.R. 411 become law?Reply
Quote: Originally posted by CalifDude on May 16, 2006Quote: Originally posted by Rip Snorter on May 16, 2006Given the identities of the forces in favor of passing, I'd say it's got a good shot at becoming law. Who wants it passed? US casinos and those who profit from them.Every legal lottery operation in the US.Probably every Taxation and Revenue Department, Federal and State. Who is opposed to it? People who gamble on the Internet.People who don't gamble on the Internet, but are con
May 17, 2006, 5:21 pm - konane - Lottery Discussion Forum