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Lottery winners challenge IRS, tax court rulingsNews Story
Because lottery winner Benjamin Y. Lelina sold the rights to the balance of his winnings, he could lose $45,000 to Uncle Sam.The Jacksonville resident is not the only lottery winner to turn potential loser. He is just one of many caught up in an Internal Revenue Service enforcement action requiring such sales to be treated at higher personal income tax rates rather than as capital gains.The deck could be stacked against Lelina and his wife, Teresita S., in U.S. Tax Court here because the court p
Jan 17, 2004, 7:02 pm - Lottery News

Tennessee businesses banking on lotteryNews Story
For years, Tony Kim watched as customers looking to buy gas, snacks or cigarettes bypassed his store here and crossed the state line into Kentucky in search of one thing: lottery tickets.Beginning Tuesday, Kim hopes to draw that business back to his Favorite Xpress BP store when Tennessee launches its own lottery a venture almost 20 years in the making. We have to join the game everybody's doing it, said Kim, who with several partners, owns three other convenience stores in Clarksville and five
Jan 17, 2004, 2:50 pm - Lottery News

Florida Lotto jackpot hits $21 millionNews Story
No ticket matched all six Florida Lotto numbers to win Saturday's jackpot of $17 million, lottery officials said Sunday.The jackpot will roll over to an estimated $21 million, officials said.A total of 97 tickets matched five numbers to win $6,023; 6,801 tickets matched four numbers for $69.50; and 138,945 tickets matched three numbers for $4.50.The winning Florida Lotto numbers selected Saturday: 3-4-13-15-41-42.
Jan 12, 2004, 6:39 am - Lottery News

Reducing Lottery RewardsNews Story
Some Florida legislators figure that the way to sell more lottery tickets is to reduce the size or number of prizes the players can win. It's something that will be attempted during the 2004 session that begins in March -- and, given the financial philosophy of this Legislature, it has a good chance of passage.This is, after all, the same Legislature that set in motion the largest telephone rate hike in state history using the logic that if rates were increased, there would be more competition f
Jan 9, 2004, 5:15 am - Lottery News

Florida Lottery Seeks Winner Of July 23 Fantasy 5News Story
$61,000 Ticket Sold At Pembroke Pines Convenience StoreThe Florida Lottery is looking for the winner of an unclaimed Fantasy 5 ticket worth $61,796.56.Officials say someone bought the winning ticket for the July 23 drawing at the 7-Eleven store at 7090 Hollywood Blvd. in Pembroke Pines.The winning numbers on that ticket are 09-12-15-22-33.The 180-day time limit to claim the prize expires at midnight on Jan. 19th.Lottery officials said the ticket can be validated at any store selling Florida Lott
Jan 8, 2004, 5:13 am - Lottery News

Winning a big lottery not without its own costNews Story
If Donald Trump won the $162 million Mega Millions jackpot, he could lasso the windfall like a seasoned financial cowboy, invest his winnings, and fly off to a luxurious ski trip with his playmate of the month.But what about the guy in blue jeans beaming into a news camera with an oversized lottery check?That Average Joe might want to enlist in Susan Bradley's lottery boot camp for instant millionaires. Really rich people do play the lottery, but nine out of 10 times it's someone who's more aver
Jan 3, 2004, 9:10 pm - Lottery News

First Tennessee Games RevealedNews Story
Tennessee lottery players may have a chance at $1 million in prize money even before the Ping-Pong balls start popping up for the state's big money drawings this spring.Yesterday lottery President and Chief Executive Officer Rebecca Paul unveiled Tennessee Millionaire along with three other scratch-off ticket games that will go on sale in February, officially launching the drive for funding college scholarships through lottery sales.''At about 10:30 p.m. last night, we printed our first lottery
Dec 30, 2003, 5:30 am - Lottery News

One ticket wins $3 million Florida Lotto jackpotNews Story
One ticket matched all six Florida Lotto numbers to win a jackpot of $3 million, lottery officials said Sunday.The winning ticket was bought in the city of Middleburg, officials said.A total of 121 tickets matched five numbers to win $3,053.50; 6,490 tickets matched four numbers for $46; and 109,200 tickets matched three numbers for $3.50.The winning Florida Lotto numbers selected Saturday: 5-10-12-18-22-48.No ticket in the Fantasy 5 game matched all five winning numbers, the Florida Lottery s
Dec 29, 2003, 4:58 am - Lottery News

One ticket wins $3 million Florida LottoNews Story
One ticket matched all six Florida Lotto numbers to win a jackpot of $3 million, lottery officials said Thursday.The winning ticket was bought in the city of Campbellton, officials said.A total of 47 tickets matched five numbers to win $8,093; 4,002 tickets matched four numbers for $77; and 85,399 tickets matched three numbers for $5.The winning Florida Lotto numbers selected Wednesday: 01-20-21-23-26-36.Three winners of the Fantasy 5 game will collect $85,469.27 each, the Florida Lottery said
Dec 26, 2003, 3:41 am - Lottery News

Lottery, legislators tug at unclaimed jackpotsNews Story
A record-setting $50 million lottery ticket that went unclaimed looks likely to be more bad luck, this time for the Florida Lottery.The largest jackpot left on the table in Florida history is inspiring a flood of legislation requiring that such dollars go directly to education not back into future prizes or promotions as current law allows.The Florida Lottery warns such a move could backfire, reducing payouts and, in turn, the volume of ticket sales.Some state legislators, eager to pump money in
Dec 24, 2003, 6:51 am - Lottery News