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Ontario mulling lottery taxNews Story
Ontario's finance minister is opposed to a scheme to tax lottery and gambling winnings. Don't bet the family farm on a lottery tax, said Greg Sorbara. This is not something that is getting very much consideration wherever. Frankly, I wasn't very impressed with the results that we might gain from it. Gambling in Ontario nets the province $2 billion annually. All the winnings are tax-free, unlike in the United States, where some states tax gambling proceeds at rates of up to 18 per cent.The Ontar
Apr 29, 2004, 7:35 am - Lottery News

California Lottery CEO ResignsNews Story
California Lottery chief executive officer and director Anthony Molica has resigned after only seven months, a lottery representative confirmed.Molica joined the California Lottery Sept. 2, 2003, after serving as executive director for the Washington Lottery. His last day is today. He has chosen to resign and join his family back in Washington state, said lottery representative Rosa Escutia.Gov. Arnold Schwarzenegger will appoint Molica's replacement.Molica's resignation will not impact the lot
Apr 9, 2004, 4:37 am - Lottery News

Group of 17 gets $9.7 million Indiana Lottery jackpotNews Story
A group of 17 people from Lake County, Indiana claimed a $9.7 million Hoosier Lottery jackpot on Tuesday.They took the $5.2 million immediate cash option for the Jan. 31 jackpot. After taxes, each winner will receive about $219,000.The county's previous lottery champ was Crown Point resident Landry McKee, who won $5 million in 1991.After learning they won earlier this month, the group incorporated itself as Kenyon LLC and on Tuesday sent its attorney, Brian Popp, to Indianapolis to claim the pr
Feb 18, 2004, 5:33 am - Lottery News

Trading clerk surrenders to face charges of stealing lottery ticketNews Story
The trading clerk at the center of a $175,000 Mega Millions lottery ticket dispute in Chicago surrendered to police Tuesday on felony theft charges.Dora Leal, 44, of North Spaulding Avenue, showed up at Harrison Area headquarters with a lawyer and turned herself in, Cmdr. Steve Peterson said. The surrender was arranged by detectives Kenneth Krupowicz and Cleveland Thomas.The whereabouts of the disputed lottery ticket are unknown.Leal is accused of pocketing a winning ticket that a group of trade
Jan 7, 2004, 11:32 am - Lottery News

Luck runs out for N.Y. lottery winnersNews Story
When members of the Lucky Lotto Lady Partnership won $23 million in 1994, they thought their money woes were over for good. But nearly a decade later, the group is battling a formidable foe over its winnings: the Internal Revenue Service. This time, the Lucky Lotto Lady Partnership is going to need more than luck -- it'll need a change in federal law in order to win.The dispute is over taxes. Not whether the group should pay them, but how much of its lottery winnings should go to the IRS. And Un
Sep 29, 2003, 3:37 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

Lottery's promotional firms to be namedNews Story
The organization that is putting Tennessee's new lottery together expects to hire a public relations and marketing firm on Monday, and several Nashville-area firms are among the finalists.The three-month contract, which may be extended to nine months, does not have a set value. Instead, the winner will be paid on an hourly basis, said Will Pinkston, spokesman for the Tennessee Education Lottery Corp.There are three groups of finalists for the contract. Each includes public relations and marketin
Aug 22, 2003, 4:02 am - Lottery News

Lottery Corporation Names Consortium Of Law FirmsNews Story
The Tennessee Education Lottery Corporation Friday named a consortium of law firms including Waller Lansden Dortch Davis PLLC, Burch Porter Johnson PLLC, Metz Hauser Husband PA and Spence Wade PLLC to provide outside legal services to the Tennessee Lottery. We received applications from a number of impressive firms and groups of firms, said lottery board member Jim Ripley of Sevierville, who led the search for a legal-services provider. At the end of the day, Ripley said, the consorti
Aug 18, 2003, 3:22 am - Lottery News

Lottery learns Texas must pick a gameNews Story
The head of the state lottery agency said Wednesday that he will not recommend that Texas join both major multistate lotto games, a concept pitched last month by the Lottery Commission chairman.Reagan Greer, executive director of the Texas Lottery, said the idea was shot down by Mega Millions, one of two multistate associations eager to add Texas to their games.Mega Millions officials, according to Greer, decided they were uncomfortable with the idea. Officials of Powerball, the other group recr
Jul 28, 2003, 3:45 am - Lottery News