MUSL paid $1.5 million to settle lawsuit over rigged jackpot
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 forum
MUSL settles lawsuit with man who won Hot Lotto jackpot marred by rigging
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 forum
French lottery operator stock price surges after $2.1 billion IPO
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 forum
France sells its lottery for $2 billion
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 forum
Here's how much the average person spends on the lottery in every state
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.
Nov 20, 2019, 4:54 pm - Lottery News forum
'You assume all the money noise stops when you finally have it'
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 forum
It turns out money can kind of buy happiness after all
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 forum
Website now accepting claims in $4.3 million lottery scam settlement
A website that was set up for people with losing tickets to seek refunds under a $4.3 million lottery scam settlement is now functioning.
Since 2011, Lottery Post has been reporting on the multi-state lottery jackpot and subsequent investigation and prosecution of the rigged computerized drawing scandal. Those who wish to submit a claim can do so online at www.lotterygamesettlement.com or call 877-872-3816 for more information.
A class-action lawsuit linked to the largest lottery scam in U ...
Sep 9, 2019, 9:39 pm - Lottery News forum
Lawyers drop request for author's lottery scandal book notes
Lawyers reversed course on Tuesday and dropped a subpoena in which they had ordered an Iowa journalist to turn over notes related to his book about a lottery industry insider who rigged jackpots in several states.
The withdrawal of the subpoena for journalist Perry Beeman's notes came hours after The Associated Press reported that it had been issued and sought materials that were likely protected by Iowa's reporter privilege law.
Beeman co-wrote a recent book, The $80 billion Gamble, with ...
Aug 28, 2019, 10:04 am - Lottery News forum
Journalist faces subpoena in lawsuit over lottery scandal
An Iowa journalist who wrote a book about the lottery insider who rigged jackpots in several states has been subpoenaed to turn over notes related to his reporting.
Perry Beeman received the subpoena last week from lawyers for Larry Dawson, an Iowa jackpot winner who contends that the rigging reduced his prize by millions of dollars.
Beeman co-wrote the recent book The $80 billion Gamble with former Iowa Lottery CEO Terry Rich. It tells the story of how now-imprisoned lottery security cont ...
Aug 28, 2019, 9:50 am - Lottery News forum