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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

Merchants: Not enough terminals for N.D. lotteryNews Story
Many North Dakota merchants, who are hoping a new state lottery will draw more customers, are fretting there wont be enough ticket terminals to go around -- and state officials say theyre right. If (a lottery machine) is available to my competition, then that is a tool that I must have, said Bob Johnson of Cavalier, who owns a convenience store and off-sale liquor outlet near the Icelandic State Park. If they put one in the Cenex in Cavalier, I need one. North Dakota may not have enough lotter
Sep 3, 2003, 3:49 am - Lottery News

Lottery partnerships have poor track recordNews Story
As Tennessee officials consider a lottery partnership with Georgia, lottery observers warn that similar joint ventures have had their problems. Tensions simmer within a consortium of western Canadian provinces operating a lottery together. Three New England states are starting to go their separate ways. And South Carolina took only a few days before turning down Georgia's offer to join forces.``Some liaisons are not what they're cracked up to be,'' Edward Stanek of Iowa, the country's longest-se
Sep 2, 2003, 3:58 am - Lottery News

Friends in lottery club win $175,000News Story
Ten women who have been pooling their money to buy lottery tickets for about eight years finally have something to show for it -- $175,000.The women, who call themselves The Millionaire's Club of Jackson, matched five numbers in the Aug. 15 drawing of Mega Millions, lottery officials announced Tuesday. The group didn't match the Gold Mega Ball number, which would have given them the $12 million jackpot. I started jumping up and down with excitement when I discovered we had really won, Della Swa
Aug 28, 2003, 4:28 am - Lottery News

Lawmakers approve change to Oregon lottery lawNews Story
Lawmakers are counting on the Oregon State Lottery to gin up an extra $67 million. It's in the budget plan that's steaming through the assembly en route to the governor's desk. The Senate on Saturday voted 18-9 to change the law so bars and taverns can add a sixth video poker terminal - a move that's projected to generate $22 million.But how exactly the lottery is supposed to come up with the remaining $45 million is up in the air. We leave that to the able discretion of the governor and the Lot
Aug 25, 2003, 3:41 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

Alaska Eyeing Powerball, Expanded GamblingNews Story
House Speaker Pete Kott says it's a good bet that plans to expand gambling in Alaska will soon meet success in the state House. Lawmakers and state officials are working over the summer on proposals for video gambling machines and a lottery, both to help ease the state's budget problems. There is even starting to be talk about off-track betting parlors in Alaska.Kott, a Republican from Eagle River, predicts that some form of gaming will move forward in the next legislative session, which starts
Aug 18, 2003, 7:38 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

Judge rules $25 million lottery ticket belongs to coupleNews Story
A New Jersey judge ruled Wednesday that a $25 million Mega Millions lottery ticket belongs to the couple that presented the ticket to lottery officials.Superior Court Judge Marguerite T. Simon rejected the claim by a group of hospital workers who asserted that the winning Mega Millions ticket really belonged to them.The decision came after days of conflicting testimony from Cornell and Teri Davis of Englewood, and laboratory technicians from Englewood Hospital and Medical Center, who are part of
Aug 13, 2003, 11:42 am - Lottery News

Lawsuit has a pull-tab lottery plan on holdNews Story
A new Michigan instant lottery game planned for bars this fall is mired in a court fight over whether it is legal and is unfair competition to charities that sell similar pull-tab games.The dispute threatens to unravel half of a lottery plan that Gov. Jennifer Granholm said would add $50 million a year to the cash-hungry state budget.A lawsuit has temporarily blocked the new pull-tab lottery game, charging that it would violate state lottery laws. The new state game was supposed to be available
Aug 13, 2003, 3:42 am - Lottery News