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When you win a top prize with the lottery, you may have two choices for payout: a lump sum or an annuity option. It is important to consult with a professional who can help you decide which option ...
Authorities noticed that an improbably large number of lottery retailers in Ontario were winning major prizes, from $50,000 to $12.5 million. Evidence emerged that certain retailers were failing to inform customers of their winnings when they presented their lottery tickets in-store, and then fraudulently claiming prizes for themselves. [7]
Lottery scams: being asked to pay a fee to claim lottery winnings. Property tax scams: mail claiming the sender can reduce your property taxes for a fee. Mortgage scams: sender claiming to ...
Another type of lottery scam is a scam email or web page where the recipient had won a sum of money in the lottery. The recipient is instructed to contact an agent very quickly but the scammers are just using a third party company, person, email or names to hide their true identity, in some cases offering extra prizes (such as a 7 Day/6 Night Bahamas Cruise Vacation, if the user rings within 4 ...
From games offered and taxes on lottery winnings, to where the money goes, each state lottery does things a little differently. States can even vary in the maximum number of days to claim a ...
Pennsylvania Lottery retailers can pay prizes up to $2,500. (Until June 30, 2008, the maximum on such tickets was $500.) Claiming a prize of $600 or more requires filling out a standard claim form and sending it to Lottery headquarters.
Individuals who are at least 21 can give Lottery tickets to a person under 21 as a gift, although minors must be accompanied by a legal guardian or a family member who is at least 21 to claim a Lottery prize. Underage people can sell Lottery tickets if they meet the minimum employment age of 14, and are employed by a licensed Lottery retailer.
The winner has one year to come forward and claim their winnings before losing the money. Curiously, over the years many millions of dollars in lottery winnings have never been claimed.