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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

Lottery Dead Issue in Alabama LegislatureNews Story
Recent news accounts suggest the lottery will be back in the legislature this session due to discussion of budget shortfalls. Sen. Barron (D-Fyffe) said, I think we'll vote to let you vote on the lottery. Rep. John Rogers (D-Birmingham) indicated he would seek to introduce a constitutional amendment legalizing casinos and a lottery and Rep. Randy Hinshaw, (D- Meridianville) stated, We're in the position now where nothing is off the table. The Christian Coalition of Alabama distributes Candid
Jan 16, 2004, 5:15 pm - Lottery News

Alabama may revisit lottery this yearNews Story
State Sen. Pro Tem Lowell Barron expects the lottery to return to Alabama this year as an option to deal with the states continuing budget crisis.Five years after Alabama voters turned away a lottery referendum and facing what he called the worst budget crisis in his 25 years in Montgomery, Barron, D-Fyffe, told a town hall meeting at Ruhama School in Dogtown on Monday the people will again get a chance to vote on a lottery. I think well vote to let you vote on the lottery, Barron told the crow
Jan 15, 2004, 5:44 am - Lottery News

If you win a lottery prize, the IRS awaitsNews Story
A lottery prize means federal income tax obligationsWith the Tennessee Lottery to start in a week, participants might just be dreaming about a new house, a new car and traveling around the world. But it also means thinking about how playing the lottery can affect the filing of your federal income tax return.Winning a lottery prize may open the door to many financial opportunities, but it may also result in a significant federal income tax obligation. Keeping good records of your winnings and lo
Jan 13, 2004, 5:06 am - Lottery News

Indiana Bill Targets Deadbeat Parents' Gambling WinningsNews Story
Children Would Get Cut Of Gambling Winnings Under BillDeadbeat parents who gamble at riverboats and racetracks would have to give their children a cut of their winnings under a bill being considered by the Indiana Senate.The bill, sponsored by Sen. Richard Bray, R-Martinsville, would garnish the winnings of gamblers who owe child support. The program is similar to one already used by the Hoosier Lottery.Casinos, betting parlors and racetracks would be required to check the name of any person who
Jan 9, 2004, 5:26 am - Lottery News

International Lottery Game CollapsesNews Story
20 states won't be getting millions of dollars in new revenue from a high-jackpot lottery after plans for the proposed international game collapsed amid a protest of U.S. military action in Iraq.The states were working toward the development of a lotto-style game that would have allowed 350 million residents scattered throughout the United States, Canada, Central America, Europe and Australia to compete for prizes that could have reached a total of $1 billion in a single drawing.But negotiations
Jan 5, 2004, 6:29 am - Lottery News

Lucky charms' effectiveness 'all in the mind'News Story
Researchers have found that lucky charms work but only in the minds of those who carry them.The first test of charms' effectiveness found they do not increase luck in dvents of pure chance, but users often felt luckier and more confident.The study, by Professor Richard Wiseman of the Psychology Department of the University of Hertfordshire, found carrying a charm had no effect on the chances of choosing winning lottery numbers.However, 30% of those tested felt their luck had improved.Though scep
Jan 5, 2004, 6:20 am - Lottery News

Lottery scam costs Fresno man $2,300News Story
A new twist to a scam involving the Canadian lottery has cost a 77-year-old Fresno man $2,300, Fresno police reported Wednesday.David Case, a detective assigned to the department's elder abuse unit, said the victim received a letter from the International Lottery Sweepstakes of Canada, accompanied with a check for $2,450, notifying him that he had won $100,000 in the Canadian lottery.To collect his winnings, however, the victim was instructed to deposit the check and then send $2,300 (to cover C
Dec 26, 2003, 3:44 am - Lottery News

Multi-state jackpots could bring holiday cheerNews Story
Just in time for the holidays, the nation's two multi-state lottery games have jackpots that have grown to thresholds that usually produce frenzied buying.The Mega Millions game, played in eleven states, now has a jackpot of $100 million dollars for Tuesday night's drawing.The Powerball game, played in 24 states, Washington D.C., and the Virgin Islands, is now sporting a top prize of $137 million dollars for Wednesday's drawing.If all this seems eerily familiar, that may be because last December
Dec 22, 2003, 6:18 am - Lottery News

Lottery winner pleads guilty to assaulting deputyNews Story
The saga of lottery winner Jody Lee Taylor seems to indicate that he's anything but lucky.It's still unclear why he was naked.But there's no doubt it was Jody Lee Taylor, 1992 Virginia Lottery winner, who got high on crack cocaine and Crown Royal blended whiskey one night in June, drove his new Ford pickup the wrong way down U.S. 58 in Axton and then tried to run down a Henry County deputy.Being a lottery winner didn't cause Taylor's problems, his friends and family say, but it sure didn't help.
Dec 19, 2003, 3:13 am - Lottery News