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Judge rules NJ couple's lottery annuity payments can't be taxed retroactivelyNews Story
A New Jersey Tax Court judge has sided with a couple who won $46 million in the state lottery in 2000 and elected to have their winnings distributed in annual installments as a multiyear annuity payment, holding that the state did not have the right to retroactively tax their winnings after passing a new statute. Plaintiffs Melvin Milligan and Kim Lawton-Milligan, who won the Big Game Lottery jackpot drawing in 2000, opted for 26 annual payouts of $1.77 million. They argued that the 2009 sta
Oct 14, 2016, 9:33 am - Lottery News

Pennsylvania Lottery proceeds being misused by Gov.News Story
Includes video report The Pennsylvania Lottery advertises it benefits older Pennsylvanians, every day. But in the last decade, billions of lottery dollars have been diverted, an investigation found. According to the state lottery, 27 cents of every dollar spent on lottery tickets goes into the state lottery fund. The rest pays prizes and lottery administration costs. The point of the lottery program is to have people age at home and maintain their independence, Renee Cunningham of
Sep 28, 2016, 12:07 pm - Lottery News

Alabama lottery bill faces battle in HouseNews Story
Senators thought the lottery proposal they approved Friday directed 10 percent of the revenue toward Alabama's education budget, but it doesn't. An amendment was added earlier Friday to Senate Bill 3 to give the education budget a slice of the lottery money. But a subsequent amendment to send the first $100 million in revenue to the state Medicaid agency, deleted the education allocation. Whether that amendment will get back into the bill is now unknown. I'm going to talk to the House
Aug 21, 2016, 8:03 am - Lottery News

New York Governor signs bill to allow daily fantasy sportsNews Story
Gov. Andrew Cuomo signed a bill into law Wednesday to allow the resumption of daily fantasy sports in New York. The measure calls the popular online contests a game of skill. That legal definition resolves the central argument in a lawsuit brought against the country's two top fantasy-sports companies by the state attorney general. He had likened the online matches to illegal gambling operations based on chance. This legislation strikes the right balance that allows this activity to conti
Aug 4, 2016, 8:56 am - Lottery News

New York State lawmakers vote to legalize fantasy sportsNews Story
Months after being halted by the New York attorney general, daily fantasy sports won a major victory early Saturday as state lawmakers moved to legalize the online games. Gov. Andrew M. Cuomo, a Democrat, has not yet indicated that he will sign the bill, but the final legislation included proposed modifications from his staff, suggesting at least some degree of support. Eric T. Schneiderman, the attorney general who first declared war on the industry last fall, declaring fantasy sports to
Jun 18, 2016, 2:53 pm - Lottery News

Mega Millions ponderously reaches $280 millionNews Story
Lottery Post analyzes the multi-state jackpot's slow 3-month ascent By Todd Northrop Normally a $280 million jackpot would prompt even lottery skeptics to consider buying a ticket, but for some reason Mega Millions players have been forced to endure tepid sales that are inching the game's jackpot upward at a snail's pace. So lottery players looking to win a life-changing mega jackpot can be excused for asking the contradictory questions, What's wrong with Mega Millions? and, Where can I
Jun 8, 2016, 11:07 am - Lottery News

New Mexico Lottery celebrates 20 years in operationNews Story
The New Mexico Lottery is celebrating its 20th anniversary, unveiling a special logo and rewarding players with extra rewards points. Since launching on April 27, 1996, the New Mexico Lottery has sold approximately $2.6 billion in tickets with prizes of more than $1.4 billion. And, New Mexico Lottery sales resulted in many positive economic impacts, among which were: 53 prizes of $1 million or more including five Powerball jackpots totaling $526.1 million; More than $174 million in retail
Apr 27, 2016, 11:04 am - Lottery News

NC Lottery tries persuading lawmakers to expand gamesNews Story
North Carolina could collect more money through the state-run lottery if it expanded the number of games offered, Lottery Director Alice Garland told lawmakers Thursday. But such a move would likely have to wait until next year and would have to get past a sizable cadre of conservatives deeply suspicious of any move to expand the games. If that's a source of revenue other legislators want to pursue, that's out there, Rep. Jason Saine, R-Lincoln, said after the meeting, adding quickly that le
Mar 11, 2016, 10:29 am - Lottery News

Some on welfare bet big on Maine lottery in pursuit of life-changing winNews Story
Murky state rules mean those who do collect larger prizes may not even lose their public benefits Maine residents on public assistance have spent hundreds of millions of dollars on lottery tickets, according to an estimate based on the $22.4 million in large prizes they collected between 2010 and 2014, including eight jackpots worth at least $500,000 each. Yet state rules are so murky that the winnings do not necessarily disqualify anyone from continuing to receive food stamps and other be
Dec 16, 2015, 9:18 am - Lottery News

Deal struck, Illinois Lottery winners to be paidNews Story
Republican Gov. Bruce Rauner and House Democrats on Wednesday struck a rare agreement, compromising on a plan to release more than $3.1 billion to pay Illinois Lottery winners and help cities and towns operate 911 centers, plow roads and train firefighters. Normally, municipalities receive a share of gas tax, 911 surcharge and gambling revenue to help prop up day-to-day operations, but those dollars have been on hold due to the state budget impasse. Legislation passed 107-1 by the House would
Dec 3, 2015, 10:42 am - Lottery News