Illinois not paying lottery winners

United States
October 17, 2015 12:04pm CST
If you invest in a ticket for any Illinois lottery and you win, don't expect to get paid. They ran out of money so they are giving lottery winners IOU's...can you imagine. I wonder how long it will take for them to get their finances in order and pay the winners? Would you buy an Illinois lottery ticket and be happy to have to wait for your money?
7 people like this
10 responses
The Horse
@TheHorse (238268)
• Walnut Creek, California
17 Oct 15
Maybe Avi Dixit left Bubblews to work for the Illinois Lottery.
2 people like this
AnjaP
@Rollo1 (16676)
• Boston, Massachusetts
18 Oct 15
@TheHorse I wish there were an award for best response of the day!
1 person likes this
AbbyGreenhill
@AbbyGreenhill (45490)
• United States
18 Oct 15
@Rollo1 LOL - we can make one up!!
1 person likes this
AbbyGreenhill
@AbbyGreenhill (45490)
• United States
17 Oct 15
That could be!! Good one
1 person likes this
Anna
@LadyDuck (502190)
• Italy
18 Oct 15
It is always better to receive a IOU than to receive land that has no value but you have to pay taxes on it... this is what happens in Italy.
1 person likes this
Anna
@LadyDuck (502190)
• Italy
18 Oct 15
@AbbyGreenhill Mountains and rocks in the south of Italy, were there is not even a road to reach your property.
AbbyGreenhill
@AbbyGreenhill (45490)
• United States
18 Oct 15
@LadyDuck Oh my, that's not good...quite a rip off for sure.
1 person likes this
AbbyGreenhill
@AbbyGreenhill (45490)
• United States
18 Oct 15
Really? Wow, what kind of land, rocks? mountains? swamps?
1 person likes this
Just an Ordinary Owl?
@owlwings (43897)
• Cambridge, England
17 Oct 15
That sounds like bad management or extremely foolish odds settings to me. Most lotteries have regulations in place about how payouts are to be calculated in the event that too many people win a fixed prize option or how the prize is distributed for the variable options. In any case, lotteries exist to make a profit and should have a contingency fund!
1 person likes this
AbbyGreenhill
@AbbyGreenhill (45490)
• United States
17 Oct 15
Or they need to stop selling tickets until they can afford to pay the winners.
1 person likes this
Just an Ordinary Owl?
@owlwings (43897)
• Cambridge, England
17 Oct 15
@AbbyGreenhill Ifthey sold no tickets, they'd make no money!
Michelle Ayers
@deafdiva (242)
• United States
17 Oct 15
I have to agree with Owlwings-I think it is bad management and foolish odds settings! They should make sure they have the money to pay all the winnings!
1 person likes this
AbbyGreenhill
@AbbyGreenhill (45490)
• United States
17 Oct 15
Like the US government - they have other bills to pay so they shut down I guess.
1 person likes this
wittynet
@wittynet (4421)
• Philippines
18 Oct 15
That's sad, @AbbyGreenhill. What's IOU?
wittynet
@wittynet (4421)
• Philippines
18 Oct 15
@AbbyGreenhill, Oh no! When are they going to pay? In few months? Few years?
AbbyGreenhill
@AbbyGreenhill (45490)
• United States
18 Oct 15
That means they were given a piece of paper saying they are owed the money. Like this: I Owe You (money)
1 person likes this
Audrey
@lilnana1111 (2305)
• United States
19 Oct 15
Oh that would be a bummer!
1 person likes this
AnjaP
@Rollo1 (16676)
• Boston, Massachusetts
18 Oct 15
I have noticed that our state lottery has far fewer winners than ever before, but I think they still pay alright. How will that work for Illinois, I wonder? If people know they aren't paying the winnings, who will buy a ticket ever again? They will never make up the shortfall. Someone has seriously mismanaged.
Marie
@Tampa_girl7 (54714)
• United States
17 Oct 15
That would be most annoying.
Jekca
@Jessicalynnt (50523)
• Centralia, Missouri
18 Oct 15
yeah I saw that, I don't know. It seems like playing the lotto with playing the lotto.
Deborah-Diane
@DeborahDiane (40843)
• Laguna Woods, California
18 Oct 15
I heard about this. I would be really disappointed if my state of California stopped putting aside enough money to pay the lottery winners!