Illinois Lottery Hands Out IOU's
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Illinois Lottery Hands Out IOU's
Illinois finances are so screwed up that the Legislature is unable to pass a new budget and so lottery winners are taking it on the chin.
http://www.thedailybeast.com/articles/2015/08/31/illinois-lottery-winners-demand-their-delayed-prize-money-now.html
The state says it’s not giving winners IOUs, just that their payments are ‘delayed’ until a budget is passed, but the furious winners don’t care. They want their winnings—immediately.
Illinois has so little money that it can’t even pay its lottery winners. Anyone who wins, or has won, $25,000 or more this summer cannot claim the prize until the state passes a budget for the year.
http://www.thedailybeast.com/articles/2015/08/31/illinois-lottery-winners-demand-their-delayed-prize-money-now.html
Gomezz Adddams- Posts : 2962
Join date : 2012-12-22
Re: Illinois Lottery Hands Out IOU's
How does it work in Il? In most states the money taken in is supposed to be held separately and winnings paid from that pool. Periodically money is released for a pre-determined purpose, schools etc, based on the amount of money held in the pool. How does the Il legislature have any control over those funds?
Clicker- Posts : 1220
Join date : 2012-12-29
Re: Illinois Lottery Hands Out IOU's
Now some of the unpaid winners are suing the Illinois Lottery to recover their winnings.
http://www.chicagotribune.com/news/ct-lottery-lawsuit-met-20150909-story.html
The suit — which also names Lane, the Illinois Lottery Control Board and Northstar Lottery Group as defendants — seeks to force the lottery to pay winners of more than $25,000 with 5 percent interest and asks that the lottery be barred from paying its administrative or operational costs until the winners receive their prizes. It also asks that the lottery be barred from selling tickets for games that offer prizes greater than $25,000 until the lottery is able to honor those payments.
http://www.chicagotribune.com/news/ct-lottery-lawsuit-met-20150909-story.html
Gomezz Adddams- Posts : 2962
Join date : 2012-12-22
Re: Illinois Lottery Hands Out IOU's
I'd like to know which Democrats stole the money? BloGo is outta there so it must be BarryOs annointed one, Rhambo Emanuel, dipping into the till.
Clicker- Posts : 1220
Join date : 2012-12-29
Re: Illinois Lottery Hands Out IOU's
People and their first world problems. What a tragedy.
How about the real victims:
http://abc7chicago.com/politics/report-state-budget-impasse-causing-homelessness-in-illinois/976286/
How about the real victims:
http://abc7chicago.com/politics/report-state-budget-impasse-causing-homelessness-in-illinois/976286/
Dr. Evil- Posts : 4233
Join date : 2014-10-01
Re: Illinois Lottery Hands Out IOU's
Dr. Jones wrote:People and their first world problems. What a tragedy.
How about the real victims:
http://abc7chicago.com/politics/report-state-budget-impasse-causing-homelessness-in-illinois/976286/
They keep electing Dems so as I see it they deserve all the misery the Libs will bestow upon them.
Clicker- Posts : 1220
Join date : 2012-12-29
Re: Illinois Lottery Hands Out IOU's
Dr. Jones wrote:People and their first world problems. What a tragedy.
How about the real victims:
http://abc7chicago.com/politics/report-state-budget-impasse-causing-homelessness-in-illinois/976286/
I noticed you in line to give half of your wealth to help these homeless.
BladeRunner- Posts : 1922
Join date : 2012-12-21
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