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TaxesReply
There is actually a line item on the Tax Forms for Lottery/Gambling/Prize Income and if I am not mistaken, it is treated as Normal Income Tax so that it can be taxed at the highest possible tax rate allowed. Get a copy of the latest income tax forms and you will be able to see where it is located. I think it is a few lines under Income.In regards to the video, that is something that generally circulates at least once a year around tax season. Just keep this in mind, it was the IRS who took out t
Feb 8, 2007, 8:31 am - SirMetro - Lottery Discussion Forum

Does $9 goof point to larger problems with Ontario Lottery?Reply
LottoGroups The last sentence of your post prior to this one: My recommended solution to OLG officials is to allow online purchases. It is much safer and efficient process and greatly reduces the possibility of fraud.
Jan 14, 2007, 10:40 pm - Coin Toss - Lottery News

Maryland Lottery raffle game sells fewer tickets than hopedReply
Including the serial numbers of unsold tickets in the drawing is fraud, and it would be possible that not a single prizes would be awarded. What would reduce the odds is awarding all of the prizes without selling all of the tickets. The only way to keep the same odds would be to award the same percentage of prizes at each level as the percentage of tickets sold. With only 2 $100,000 prizes the only way they could do that would be if they sold exactly 50% of the tickets and awarded half the pri
Jan 3, 2007, 1:19 am - KY Floyd - Lottery News

Benford’s Law and The Lottery!
Benford s Law and The Lottery Benford's law, also called the first-digit law, states that in lists of numbers from many real-life sources of data, the leading digit is 1 almost one-third of the time, and larger numbers occur as the leading digit with less and less frequency as they grow in magnitude, to the point that 9 is the first digit less than one time in twenty. This counter-intuitive result applies to a wide variety of figures, including electricity bills, street addresses, stock
Jan 2, 2007, 2:23 am - Thoth - Mathematics Forum

Delawarean Looses Powerball LawsuitReply
I don't agree with the policies of some states that allow ticketless claims (excluding subscriptions of course). It is basically inviting fraud. I think it should be a no-brainer that you must keep the ticket in order to claim the prize. Delaware, and several other states, pass out ticket holders (I have seen them in also in New York, Connecticut, Virginia, and West Virginia). I have one and keep everything in there. To be honest, this claims sounds like a guy who accidently drops money on th
Dec 11, 2006, 2:16 pm - rdc137 - Jackpot Games Forum

N.C. lottery retailers caught selling to minorsReply
If they are under age then how can they cash in a winning ticket. If it was caught, is that not fraud also? Or is it okay to give the ticket to a person who is older and claims the money as his own Maybe this is a dumb question but with all the video survellamce out there now I am wondering if the person who buys the ticket is required to cash it. In thinking through this again, I guess whoever brings it in is entitled to the proceeds. If it is a major win I guess who ever signs the ticke
Nov 27, 2006, 3:22 pm - floridian - Lottery News

What happens if you forgot where you bought your jackpot ticket.Reply
All kidding aside, this isn't a bad question at all. AFAIK, if someone is the ticket bearer and no crime has been committed, he is the rightful owner, but it's a good idea to keep track of where you buy tickets. I always suggest that anyone who wins a large amount of money should get legal help anyway before claiming the money. However, there have been a few instances where someone falsely claims to be the winner saying I lost my ticket so if you have all your facts straight, I assume it woul
Nov 21, 2006, 4:10 am - justxploring - Lottery Discussion Forum

MegaMillions and Quick PickReply
floridian writes: What I gather from these posts by both of you is that the Lottery (HQTRS) in whatever state you are in receives the picks from the downstream terminals at your friendly convenience store and takes that infor and sweeps the picked numbers to determine what is the best set of numbers to allow to be picked by the next draw. Is that what I am reading from you guys? Floridian, you might be reading that in this thread but not from my posts. When you buy QPs, you get combination
Nov 1, 2006, 7:11 pm - RJOh - Jackpot Games Forum

N.C. Lottery commissioner on lottery firm payroll for yearsNews Story
Four years before North Carolina lawmakers created the state lottery, a for-profit lottery company was paying former state lottery commissioner Kevin Geddings to work as a consultant, a company executive said Monday at Geddings' fraud trial. Patrick Traub, an executive at Scientific Games Corp., affirmed government evidence showing that Geddings received $9,668.66 in April 2001 from a company later acquired by Scientific Games. An invoice from Geddings' public relations firm stated the payme
Sep 25, 2006, 1:51 pm - Todd - Lottery News

Online gambling company says it will lock out U.S. bettorsNews Story
fBETonSPORTS, the online gambling company targeted by federal prosecutors in Missouri and Washington, is shuttering the majority of its billion-dollar operations and will no longer accept bets from the United States, a company spokesman said Thursday evening. The move was seen as a significant victory for prosecutors targeting online gambling and as somewhat of a surprise. Industry experts and even a company insider had predicted that BetOn Sports would simply ignore the federal criminal pros
Aug 11, 2006, 11:27 am - Todd - Lottery News