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Lottery industry facing new threat in 'skill' gamesNews Story
State lotteries are grappling with the rapid spread of unregulated skill gaming machines, which are found in convenience stores, bars, restaurants and taverns across the country. While these machines have existed for some time, their manufacturers and operators have become increasingly aggressive in their roll out strategy, placing these machines in the front of stores and even replacing lottery self-service terminals with them. Individual lotteries predict these machines could reduce their r
Feb 19, 2020, 9:34 am - Lottery News

Few filing claims in $4.3 million lottery scam settlement; deadline Jan. 7News Story
Victims of the largest lottery scam in U.S. history are expected to pocket only a small fraction of a $4.3 million settlement because of a lack of applicants laying claim to the money, court records show. But it's not too late. Claims can be made online through Jan. 7 and those for $10 or less require no proof of purchase. Larger ones require receipts dating back as far as 14 years. If you're claiming more than $10 they sure made it difficult, said Craig Johnson, a Manson resident w
Jan 2, 2020, 12:09 pm - Lottery News

Dad and his daughter got millions from IRS after claiming to win lottery, authorities sayNews Story
A Florida father and daughter claimed the government owed them $175 million in tax refunds on their lottery winnings. The IRS paid them $3.4 million before the agency realized the pair had never purchased a winning ticket, prosecutors say. Now, the Broward County pair, who say they're aboriginal indigenous Moorish Americans immune to government authority, are on trial in a Palm Beach federal courtroom accused of tax fraud. Court documents allege that Danielle Takeila Edmonson, 35, of Boynt
Dec 17, 2019, 10:14 am - Lottery News

MUSL paid $1.5 million to settle lawsuit over rigged jackpotNews Story
A national lottery group agreed to pay $1.5 million to settle a lawsuit filed by an Iowa man who claimed that a $9 million jackpot he won in 2011 would have been bigger if the previous one hadn't been fixed by an insider. An email released Friday shows that the Multi-State Lottery Association (MUSL) informed its directors on Oct. 9 that it had agreed to pay Larry Dawson $1.5 million as a full and final settlement of his claims. The association had refused to release details of the settleme
Dec 9, 2019, 8:42 am - Lottery News

MUSL settles lawsuit with man who won Hot Lotto jackpot marred by riggingNews Story
A national lottery group rocked by an insider's jackpot-rigging conspiracy has settled a lawsuit brought by an Iowa grandfather who said a $9 million prize he won in 2011 should have been far larger. The Multi-State Lottery Association and Larry Dawson informed a judge of the settlement this month, canceling a trial that had been scheduled to begin next week in Des Moines. Dawson's lawyer, Nicholas Mauro, said that the terms of the deal are confidential but that his client is relieved that
Nov 26, 2019, 10:10 am - Lottery News

French lottery operator stock price surges after $2.1 billion IPONews Story
Includes video report Francaise des Jeux (FDJ) SAEM shares soared as much as 20% after the French lottery operator raised about 1.89 billion euros (US$2.1 billion) in the country's largest initial public offering since the 2005 sale of power producer Electricite de France SA. The government sold 52% of the company at the top of the marketed price range for institutional investors. Finance Minister Bruno Le Maire hailed a spectacular success that boosts the appeal of Paris as a financial ce
Nov 24, 2019, 8:21 am - Lottery News

France sells its lottery for $2 billionNews Story
France will bank 1.8 billion euros (US$2 billion) from selling down its stake in the country's lottery operator, according to the final price set on Wednesday in a listing that will serve as a test for France's privatization push. President Emmanuel Macron's pro-business government kicked off the biggest wave of privatizations in over a decade with the initial public offering (IPO) of Francaise des Jeux (FDJ), the organization that operates the country's lottery. It is seeking to raise money
Nov 22, 2019, 9:19 am - Lottery News

Here's how much the average person spends on the lottery in every stateNews Story
Millions of Americans willingly spend their hard-earned money for a chance at an early retirement, lifelong financial security, and the extravagant lifestyle that a single lucky lottery ticket could provide. Americans spent a staggering $71.8 billion on lottery tickets in 2017 or about $285 per adult. Of course, lottery ticket spending is not the same across all states, and in some parts of the country, Americans appear much more willing to spend in the hopes of hitting the jackpot. Usin
Nov 20, 2019, 4:54 pm - Lottery News

'You assume all the money noise stops when you finally have it'News Story
What would you do if you suddenly came into a large amount of money? Would you upgrade your home and invest the rest, putting just a little aside to build a shelter for orphaned orang-utans, just as you once said you would? Actually, you're far more likely to drive a succession of sports cars into swimming pools a visual representation of the proverbial car crash your life is likely to become as you fritter away your cash bonanza. A study at Vanderbilt University in the US found that lottery
Oct 14, 2019, 9:19 am - Lottery News

It turns out money can kind of buy happiness after allNews Story
Does winning the lottery even make you happier? For a long time, researchers said no. Research hadn't found any conclusive evidence that people who won large sums of money were happier afterward. There was even some evidence they were worse off. This fact became widely known, partially because it's so appealing to many people. It's nice to think that life satisfaction isn't just about how much money you have, that other things matter more, that we can't solve all our problems with a sudden in
Sep 30, 2019, 8:12 am - Lottery News