Professional lottery player wins tax dispute
Big winnings, tiny taxes
Several times a week, Clarance W. Jones does something most people can only dream of: He cashes in bunches of winning lottery tickets.
And even better, he has found a way to pay barely any taxes on the massive take.
Over the past decade, the 73-year-old from Lynn has redeemed more than 10,000 tickets from the state lottery more than any other person worth a total of more than $18 million.
He has also long fought efforts by the state to collect considerable ta ...
Nov 5, 2011, 9:45 am - Lottery News forum
Casino says no way to $62 million slot machine payout
It seemed too good to be true a slot-machine jackpot of almost 43 million euros. And maybe it was.
Austrian state broadcaster ORF reports that Behar Merlaku is going to court over the refusal of the Bregenz casino to give him what he considers his win on March 26.
Casino officials do not dispute that the gaming machine showed a payout of nearly 43 million euros almost US$62 million. But they say that a malfunctioning computer chip was responsible for what they say was the faulty display.
Aug 16, 2011, 9:49 pm - Lottery News forum
N.J. casino loses more than $11M to two gamblers
Includes video report
They say the house always wins. But for one Atlantic City casino, that doesn't seem to have been the case lately.
In April, a blackjack player raked in $5.8 million at the Tropicana Casino and Resort. Then last week, a different man took home $5.3 million after his own amazing run of luck at the Tropicana.
The Tropicana may have been the author of its own misfortune. It's deliberately put an emphasis on high-stakes games, under the theory that it'll come out a winn ...
Jun 9, 2011, 3:26 pm - Lottery News forum
Blackjack player legitimately beats casinos for millions
He took Caesars for more than $4 million, burned Borgata for about $5 million and then topped it off by beating Tropicana out of $5.8 million.
For Don Johnson, it was an incredible streak of good luck at the Atlantic City blackjack tables.
I'll take luck over any other skill, Johnson said, laughing. There's no magic to this. Eventually, someone would whack them. I'm just glad it was me.
Johnson, 49, of Bensalem, Pa., is the chief executive officer of Heritage Development LLC, a Wyomin ...
May 26, 2011, 5:53 pm - Lottery News forum
Nevada lawmakers discuss lottery
Pointless annual exercise?
By Todd Northrop
In what would seem to outside observers to be an annual exercise in futility, the Nevada state legislature has again taken up the issue of creating a state lottery.
With lines for lotto tickets like the one for Mega Millions this week in Primm, California, many residents believe Nevada should keep that money within the state and not send it to California. Some are calling for the state to use lottery-generated funds to beef up the state's educ ...
Mar 28, 2011, 11:25 am - Lottery News forum
2 men survive deadly casino bus crash, then board another
They couldn't resist.
Two gamblers who miraculously survived a catastrophic brush with death aboard a Chinatown casino bus climbed back aboard the same company's bus only hours later for another trip to the gaming tables.
Bernardo Garcia, a 50-year-old cook from Brooklyn whose buddy Miguel Aquino was one of 14 people killed in Saturday's horrific 5:30 a.m. World Wide Tours bus crackup on the Hutchinson River Parkway said he figured Lady Luck was on his side.
I'm the kind of person that ...
Mar 14, 2011, 4:54 pm - Lottery News forum
Texas lawmaker aims to bring video gaming to state
Includes video report
Texas state senator Juan Chuy Hinojosa has filed legislation that would legalize video lottery games, a form of slot machine, in Texas.
Senator Hinojosa believes Texas is facing a large deficit, and video gaming slot machines would add an extra boost to economy.
We know by allowing slot machine at race tracks it will raise close to two billion dollars biennium , said Hinojosa.
Along with the extra revenue, the Senator says the proposed legislation will bring jo ...
Mar 8, 2011, 6:09 pm - Lottery News forum
Florida lawmakers pushing for more, bigger casinos
Seminoles and pari-mutuels say they'll fight plan
Two state senators announced Friday that they have filed legislation that would allow five Las Vegas-style casino hotels in Florida, spaced across the state.
Dennis Jones, R-Seminole, and Maria Sachs, D-Delray Beach, announced the news via a release Friday. Jones is chair and Sachs is vice chair of the Senate Regulated Industries Committee, which gambling falls under.
The legislation would authorize what Jones calls one destination resor ...
Mar 7, 2011, 9:57 am - Lottery News forum
S.C. Senate passes expanded gambling law
Includes video report
The South Carolina State Senate passed a bill Wednesday that would allow charities, schools and churches to hold raffles legally.
Right now the only legal raffle in the state is the lottery. Opponents of this new bill said it would open the door for organized gambling.
However, supporters disagree and said it's common sense to update state law that's more than 200 years old. The activity is practiced among organizations in order to raise money for good causes.
Feb 11, 2011, 7:40 am - Lottery News forum
Audit finds 'ticket cashers' remain problem for Mass Lottery
Allow winners to avoid paying taxes, support
The Massachusetts State Lottery continues to have a widespread problem with ticket-cashers'' who claim prizes valued at millions of dollars, apparently allowing the actual winners to avoid taxes on their winnings, the state auditor said yesterday.
An audit released yesterday, as well as prior reports, found numerous instances in which certain people were claiming hundreds of prizes worth millions of dollars,'' State Auditor A. Joseph DeNucci's o ...
Dec 23, 2010, 4:50 pm - Lottery News forum