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N.C. surrounded by state gambling
Tennessees launch of a state lottery on Tuesday leaves North Carolina surrounded by states sponsoring gambling games.The arrival of Tennessees lottery will dventually be a timesaver for Gail Nelson of Waynesville. A couple of times a year, she makes the 90-minute drive to Landrum, S.C., to buy $20 worth of lottery tickets for multimillion-dollar drawings.Her Haywood County home is just 30 minutes from the Tennessee line, and she said shell visit the Volunteer State once its lottery grows beyond ...
Jan 20, 2004, 6:16 am - Lottery News forum

Lottery winners challenge IRS, tax court rulings
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 forum

Lottery Dead Issue in Alabama Legislature
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 forum

Alabama may revisit lottery this year
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 forum

If you win a lottery prize, the IRS awaits
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 forum

Indiana Bill Targets Deadbeat Parents' Gambling Winnings
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 forum

International Lottery Game Collapses
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 forum

Lucky charms' effectiveness 'all in the mind'
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 forum

Lottery scam costs Fresno man $2,300
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 forum

Multi-state jackpots could bring holiday cheer
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 forum