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Treasurer eyes tax-evading Lottery winnersNews Story
Massachusetts State Treasurer Tim Cahill plans to tighten Lottery regulations following an audit report issued Wednesday that shows winners often employ suspicious ticket cashing methods to avoid paying millions of dollars in taxes.''As a result, millions of dollars in taxes were evaded, lost and not reported that could have been used for much-needed state and municipal programs,'' state Auditor Joseph DeNucci said in his report.DeNucci conducted the ''transition audit'' at the request of Cahill
Sep 11, 2003, 4:27 am - Lottery News

Merchants show strong interest in Tenn. lotteryNews Story
To date, around 2,500 merchants representing as many as 2,900 Tennessee retail outlets have expressed an interest in selling lottery tickets next year, a spokesperson for the Tennessee Education Lottery Corp. said Tuesday.The goal is 3,500 retail locations.Will Pinkston, speaking on behalf of the state lottery corporation, said advertisements have been placed in every newspaper in the state, inviting interested retailers to be on the mailing list for applications to sell tickets. Right now there
Sep 10, 2003, 6:11 pm - Lottery News

Mega Millions Jackpot Hits $65 MillionNews Story
The jackpot in the multi-state Mega Millions lottery increased to $65 million for Friday's game after there was no big winner in Tuesday night's $55 million drawing. No tickets matched all five lotto numbers and the Mega Ball. Four tickets had all five lotto numbers but not the Mega Ball and pay $175,000. Fifteen tickets, including one sold in Ohio, matched four of the five lotto numbers, plus the Mega Ball number, and are worth $5,000. The winning numbers from Tuesday's drawing were: 14, 15, 30
Sep 10, 2003, 4:16 am - Lottery News

Lotto dream turns to dustNews Story
Some unlucky winner bought a Florida Lotto ticket worth $50 million in March, but lost his or her chance to cash it when the clock struck 12:01 a.m. on Tuesday.The chance to claim the $50 million prize expired six months after the drawing March 12. Although previous Lotto prizes have gone unclaimed, this is the largest ever in the 15-year history of the Florida Lottery.The last big one was $15 million in 1991.Theories abound about why someone would let that kind of money go, but the prevalent on
Sep 10, 2003, 4:11 am - Lottery News

Last hours for unclaimed $50 million Florida Lotto ticketNews Story
A $50 million FLorida Lotto jackpot winner either isn't aware of his fortune or was waiting almost literally to the last minute to claim the prize. If the single winning ticket holder of the March 12 jackpot doesn't claim the prize by 12:01 a.m. Tuesday, the money goes back to the Lottery. That would be a bummer, said Lottery spokeswoman Sheila Griffin.The ticket was sold in Miami-Dade County at Kohl's Food Market in North Bay Village. I think somebody lost that ticket, no doubt about it, said
Sep 9, 2003, 3:58 am - Lottery News

What if group buys winning lottery ticket?News Story
Q: We are a financial club that invests in the stock market and also buys weekly lottery tickets. We all contribute and one member buys the tickets. It's wishful thinking, but what if the ticket wins $1 million? What are the payment basics and how can we protect ourselves against the ticket purchaser claiming the winnings for himself?-- Hopeful in Hialeah A: Let's first talk business law, and then we'll suggest some precautions to assure proper division of payment.A lottery ticket is a unilater
Sep 8, 2003, 3:57 am - Lottery News

Giant lottery operator GTECH wants to add Tennessee to its clienteleNews Story
Financial advisers have long said that lottery players would fare better investing their money in the stock market than hoping the pingpong balls pop up with their numbers.If you followed that advice and bought stock in the largest lottery operator in the country, GTECH Holdings, over the past decade, chances are the investment would have paid off better about 500% better.The West Greenwich, R.I., company's stock price has doubled in the past year, closing Friday at $42.77; GTECH's revenues have
Sep 8, 2003, 3:49 am - Lottery News

GTech has winning lottery ticket, checkered pastNews Story
A Rhode Island company that practically built the nation's state lottery business just added the Florida Lottery as the missing gem to its crown jewels.GTech Corp. last week became the successful bidder to run the Florida Lottery system. With Florida in hand, the company will run all five of the country's biggest state lottery systems - New York, Texas, Georgia, California and Florida. Altogether, GTech will operate 26 of the 36 state lottery systems, plus the Washington, D.C., system. We genera
Sep 8, 2003, 3:44 am - Lottery News

Bad breaks, but then a Lotto luckNews Story
Everything that could go wrong seemed to be going wrong for Joan D. Hoffman over Labor Day weekend. First the stove went. Then the hot water tank.So the Williamsville great-grandmother decided to try changing her luck by buying a Lotto Quick Pick ticket Aug. 30 in the Quality supermarket at Sheridan Drive and Delaware Road in the Town of Tonawanda.Not until she saw the winning numbers the next day - 11, 15, 16, 25, 44 and 47 - did she discover she had won one of the largest Lotto jackpots in Wes
Sep 6, 2003, 5:39 pm - Lottery News

$135 million Powerball jackpot goes to two familiesNews Story
Two families one from New Hampshire and the other from Massachusetts have won last week's $135 million Powerball jackpot. Only one of them went public at a news conference Friday.''I've gambled for 60 years and never won anything,'' said 80-year-old Lawrence Centola of Watertown, Mass. ''This is the first thing I won, so I couldn't believe it.''His daughter, Rosemary Centola, also of Watertown, who works in purchasing at a college, said she wasn't sure what to do with the money because ''it does
Sep 5, 2003, 3:31 pm - Lottery News