Families outraged after Illinois fails to pay out $288 million in lottery winnings
Now, this is an example of how a government can rewrite the law, do what it wants and openly commit fraud. They still sell tickets and then have no intention of paying.
Right uh huh Greed will win out every time if it's presented that way. The greedy but stupid can go pound sand.
Never happen. Indiana can't see past the end of it's nose either.
Or the non income tax states could start selling tickets through the internet with a guarantee of no disclosure of the winners names and payable minus taxes to any place in the world.
Now that would be worth the gamble.
Of course it is Illinois, which contains Chicago, so perhaps they are justifiably afraid of consequences.
would have to pay: first, the costs of operation
(printing the tickets, etc.); after that, a certain per-
centage to the winner of what is left; after that, have whatever is left go to the state government. But of course, they could not know
in advance what the total would be, because of
not knowing how many tickets would be sold.
I voted for the lottery to be brought in in Virginia.
I thought it would be one way of demonstrating
that there is a possibility of having voluntary fi-
nancing of the proper functions of government in
a free society. And I spent a dollar for a ticket
once in a while, I think about once a week, and
maybe an extra one on a special occasion, such as my birthday. But after they said they
were going to give all the leftover money to the
public schools, I quit buying lottery tickets, be-
cause of what I think of the public schools and
public education.
"The law requires that at least 50 percent of the Lottery's total annual sales is paid to players as prizes. The Lottery currently pays out traditional game (Oregon’s Game Megabucks, Powerball, Mega Millions, Scratch-its, Keno, Win for Life, Lucky Lines, and Pick 4,) prizes at a combined rate of 64 percent, which means that overall 64 cents of every dollar played goes back to players in prizes. Video Lottery game prizes pay out at a combined rate of 93 percent."
So, I would have to assume Illinois was also to have some percentage of their money set aside for prizes.
Here is what Illinois says:
http://www.illinoislottery.com/en-us/...
They claim 61% paid back. So it should be a set aside, and not subject to anything with the state.
Here is their law:
(10) The apportionment of the total revenues accruing from the sale of lottery tickets or shares and from all other sources among (i) the payment of prizes to the holders of winning tickets or shares, (ii) the payment of costs incurred in the operation and administration of the lottery, including the expenses of the Department and the costs resulting from any contract or contracts entered into for promotional, advertising or operational services or for the purchase or lease of lottery equipment and materials, and (iii) for monthly transfers to the Common School Fund. The net revenues accruing from the sale of lottery tickets shall be determined by deducting from total revenues the payments required by paragraphs (i) and (ii) of this subsection."
Basically, they are required to set aside enough to pay the winnings, so the State should have no claim on it, and what the state is doing is, or would seem to be, a violation of Illinois State Law. But when has law stopped any state from doing what it wants> This is a good example of just how bad things have gotten.
centage of the take-in. It should state ahead of
time what percentage it will be. Of course, this will
not guarantee any specific amount, depending on
how many tickets are bought. And it would still
be necessary to have it be monitored, to make
sure there was no misrepresentation of the am-
ount of the prize.
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