Winners who won less than $600 can collect at any participating retailer.
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Since last summer, IOUs have been given to winners of more than $25,000, but as of Thursday, the threshold will be lowered to $600, according to the lottery.
“You know what’s amusing?” The lawsuit 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. “Our budget wouldn’t be a factor”. You’ll have to wait for that check.
The Illinois Lottery announced today that players holding winning tickets worth more than $600 would be given an IOU.
Thanks to a budget impasse in the Illinois General Assembly, instead of payouts winners are getting I.O.U.s, a Chicago Tribune report says.
Lotto winners are a lucky bunch – unless they happen to win big in Illinois.
The Illinois Lottery’s financial problems are not new.
“Our government is committing a fraud on the taxpayers, because we’re holding ourselves out as selling a good, and we’re not – we’re not selling anything. It doesn’t say if you have money or when you have money”.
“If any private business did that, they would be shut down by the state and sued for fraud”, he said.
“Once a budget is passed in Springfield, all outstanding claims will be paid”, Illinois Lottery in a statement. As such, all payments that exceed the imposed limit will be delayed.
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Elliot Frome, a Las Vegas-based gaming analyst and author, said Illinois will nearly certainly see a reduction in ticket sales. “Not millionaires. People who don’t have a lot of money”.
