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Lottery tickets are bearer documents

Topic closed. 16 replies. Last post 3 years ago by Stack47.

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East of Columbus, OH
United States
Member #120843
December 28, 2011
447 Posts
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Posted: August 28, 2013, 11:09 am - IP Logged

I believe that one person does have to sign the ticket.  Then talk to the tax attorney to decide how to split the money evenly.

I would say that if a single person lost a ticket that was worth $1000 or more, they would be able to contact the lottery commission and tell them where and when they purchased the ticket.  That might help if someone else claimed it.

 

However, if the person lost the ticket doesn't know its worth anything because it's a QP, well, that's just tough luck.

Life's Too Short To Be Unhappy Cool

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    Kentucky
    United States
    Member #32652
    February 14, 2006
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    Posted: August 28, 2013, 1:50 pm - IP Logged

    Which raises another question Stack- do the courts hear  cases  where the original owner had signed the back of the ticket and then lost it? In which case does the " finder" have any legal grounds in retaining the ticket? Would the court rule that the original owner somehow " reward" the " finder keeper" or does the FK get absolutely nothing.

    Does the FK somehow get labeled a Thief?

    With all the stories about clerks cheating players, one of them probably did try to cash a ticket signed by someone else. We're applying bearer instrument to large jackpots that may require more scrutiny, but lots of tickets under $5000 are cashed every day. Some winners purchased the ticket, won and signed the back and in some cases a judge decided who is the lawful winner. There are court cases involving discarded tickets too.

    The bearer of the ticket is not always the lawful owner and some times the purchaser isn't either. The term bearer instrument seems to be one huge contradiction.