Win the Lottery get an IOU.. Only in IL

[LiquidPen]

IL is such a fucked up state. Wonder what happens w/irs?

http://money.cnn.com/2015/08/31/new...b_homepage_deskrecommended_pool&iid=obnetwork

Congratulations, you won $25,000 in the Illinois lottery! Sorry, you'll have to settle for an IOU for now.

Winners of the Illinois lottery are being forced to wait for their money, because state lawmakers haven't passed a budget and so lottery officials don't have legal authority to do payouts.

Jackpots of at least $25,000 have been put off for the foreseeable future, according to lottery spokesman Stephen Rossi.

Illinois is grappling with a serious fiscal crunch.

"Due to the ongoing budget situation in Springfield, some lottery winner payments have been delayed," he said. "All winners will be paid in full as soon as the lottery and the Illinois comptroller have the legislative authority to do so."

He said that anyone with a prize of $600 or less can cash it in at a retailer. Prizes ranging from $601 to $25,000 can be redeemed at lottery claims centers.

The holdup has been ongoing since the current fiscal year started on July 1. The Illinois lottery on its web site highlights 29 prizes that have occurred since then, ranging from $50,000 to a $262 million Mega Millions jackpot split by two winners. That jackpot happens to be the second largest prize in the history of the Illinois lottery.

Click to read more...

 

[Lord Tin Foilhat]

Um...isn't part of the money used to buy the ticket suppose to be set aside for the winnings

So fucked up.

 

[guspech750]

Oh my god. I am so shocked!!

 

[BS ISF]

and once again, fuck this state!

 

[Chester Copperpot]

Um...isn't part of the money used to buy the ticket suppose to be set aside for the winnings

So fucked up.

Funny how the scheme continues to unravel.

 

[Marko]

Figures for IL

 

[OffshoreDrilling]

I don't buy lottery tickets except in rare cases. Maybe once a year.

You're a fool to believe throwing your money away at a lottery ticket is how you get ahead in life.

For the record, I've never gambled at a casino either. $10 poker games among friends is about it.

 

[Eagle]

Um...isn't part of the money used to buy the ticket suppose to be set aside for the winnings

So fucked up.

Oh you mean like Social Security $?

 

[SirMarco]

I heard about this also. Fucking IL........

 

[Chester Copperpot]

Funny how the scheme continues to unravel.

Oh you mean like Social Security $?

:repost:

 

[importcrew]

I don't buy lottery tickets except in rare cases. Maybe once a year.

You're a fool to believe throwing your money away at a lottery ticket is how you get ahead in life.

For the record, I've never gambled at a casino either. $10 poker games among friends is about it.

I used to spend 100-150 a week on scratch offs and drawings. Some weeks I won and some I lost. But in the end I pretty much broke even. If I go to the casino, it's with the intent of losing.

 

[Sprayin]

I won $2 on a scratch off once. And that's all I have to say about that.

 

[cacicgtp7]

I don't buy lottery tickets except in rare cases. Maybe once a year.

You're a fool to believe throwing your money away at a lottery ticket is how you get ahead in life.

For the record, I've never gambled at a casino either. $10 poker games among friends is about it.

YOU ARE A SAINT SIR.

 

[Ti28]

Um, what the fuck does the state budget have to do with lotto winnings? That shouldn't even have anything to deal with it.

Maybe when I owe the state $30,000 I will just say sorry, I don't have a budget yet. Come back later.

 

[Rent Free]

I blame Obama didn't he come from that mess of a state you all have!?

 

[VenomousDSG]

I used to spend 100-150 a week on scratch offs and drawings. Some weeks I won and some I lost. But in the end I pretty much broke even. If I go to the casino, it's with the intent of losing.

Your casino in Elgin is a goldmine for playing Hold'em in. There are a bunch of reckless idiots playing there. That night i picked up that stuff from you I won $600. I came back a few times and won a few hundred more each time.

People playing junk hands, calling my massive raises with junk. If i go to a casino, it's to play poker.

 

[Lord Tin Foilhat]

I like 3 card poker

 

[Eagle]

Um, what the fuck does the state budget have to do with lotto winnings? That shouldn't even have anything to deal with it.

Maybe when I owe the state $30,000 I will just say sorry, I don't have a budget yet. Come back later.

Here's what happens with Lotto $ in Illinois:

http://www.iasb.com/pdf/lottery.pdf

Of course it all goes to the state... its a state ran organization:

About The Illinois Lottery | Official Site of the Illinois Lottery

Or maybe you just want to read the law directly, if you're really bored:

20*ILCS*1605/**Illinois Lottery Law.

It's just another lever to force the state to come up with a balanced budget. My hat is off to Rauner for taking it this far.

 

[VenomousDSG]

Um, what the fuck does the state budget have to do with lotto winnings? That shouldn't even have anything to deal with it.

Maybe when I owe the state $30,000 I will just say sorry, I don't have a budget yet. Come back later.

You better believe the state is dipping into the lottery funds, that's what it has to do with it. They are massive liars coming on TV and telling people "we have everyones funds, it's all just a budget problem with the state"

Buuuuuulllshit. The state is in massive debt, and they will be reaching into any pocket they can to make up for it.

I won $2 on a scratch off once. And that's all I have to say about that.

 

[VenomousDSG]

They've already drained people's pension funds that workers have EARNED... They are thieves, nothing more.

 

[firemandan1700]

There is a guy who lives down in my neck of the woods awaiting his $250k on his scratch off that he won from a couple months ago.

Gotta love illinois

 

[blakbearddelite]

If someone desperately needed most of that money, they could always "sell" the ticket for a fee. I'm sure there are companies that will do it.

But yeah, sucks to win that money and not get it in a timely manner because the state already spent it.

 

[VenomousDSG]

If someone desperately needed most of that money, they could always "sell" the ticket for a fee. I'm sure there are companies that will do it.

But yeah, sucks to win that money and not get it in a timely manner because the state already spent it.

Call JG Wentworth... 877 CASH NOW!!!

IT'S MY MONEY!!!! AND I NEED IT NOW!!!!!!!!!!!!

 

[blakbearddelite]

Yes, that was the company I was trying to remember.

 

[m_dogg]

I fucking love this state. It is the best state, PERIOD!!