Posted on 08/31/2015 7:34:39 AM PDT by MarvinStinson
Danny Chasteen and his girlfriend, Susan Rick, thought they had gotten their big break last month when Chasteen won $250,000 from the Illinois Lottery. Instead, they got an IOU.
The Chicago Tribune reported that disbursements of Illinois Lottery winnings of more than $25,000 have been halted because the state doesn't have a budget.
"For the first time, we were finally gonna get a break," Rick said. "And now the Illinois Lottery has kind of messed everything up."
Under state law, checks for such winnings must be cut by the state comptroller's office and, since lawmakers have yet to approve a budget, the office cannot release those funds, the newspaper said.
"The lottery is a state agency like many others, and we're obviously affected by the budget situation," Steve Rossi, a Lottery spokesman, told the newspaper. "Since the legal authority is not there for the comptroller to disburse payments, those payments are delayed."
250 thousand people did't pay a buck to play ?
Lotteries base winnings on a percentage of the total take of the game. So where did the money go?
That reminds me of an NYPD story I read on FR...
The police union demanded a raise, which would cost the city north of $2mln. The city replied they couldn’t afford it.
So for two weeks, the NYPD wrote thousands of tickets and citations, until they amassed the $2lmn - and said to the city, there’s your money, where’s our raise...
Just keep watching the mails.
To Jesse Jackson Jr.’s pension fund?
More wonders from the state of ILL-and-annoy.
“So where did the money go?”
It’s Illinois.
Where do you THINK it went?
Is that true?
Give me a hint.
Welfare for illegals, to start.
This has got to be the most effed up state in the history of the world. I dream of getting the heck out of Dodge back to my native Tennessee.
It costs money to incarcerate all of those Illinois politicians.
Why doesn't the State pay out in Bit Coin?
It seems it is handled just like Social Security. The money is received as general revenue and spent. The payout depends on total tax revenue. In other words today’s income funds today’s payout.
I am interested in knowing if the people who take an annuity type payout are being paid from current lottery receipts or if the payout is indeed funded like an annuity.
Really. Lottery commissions are supposed to be independent with a percentage of the take going to the state and the winnings are supposed to come out of the money that was played in that game. How could this happen?
Soros and Rezko help them out.
They would have come out way ahead if they just claimed to be illegals and signed up for welfare, Obamacare and all the other socialist state handouts that Illinois does seem to have money for.
OOPS!
Maybe he shouldn’t have voted Democrat...
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