Illinois Lottery Pays Winners With IOUs

[Taco]

Proof Chicago is the new Detroit. Another sign the US economy is on its ass.

Illinois Pays Lottery Winners In IOUs After $30K/Month Budget "Guru" Fails To Produce Deal
http://www.zerohedge.com/news/2015-08-3 ... oduce-deal

Illinois Lottery Pays Winners With IOUs
http://www.chicagotribune.com/news/loca ... story.html#

[Moretorque]

All this does is solidify the fact the US government is a mafia crime syndicate,

[Teal Lantern]

After years of struggling financially, Susan Rick thought things were looking up when her boyfriend won $250,000 from the Illinois Lottery last month. She could stop working seven days a week, maybe fix up the house and take a trip to Minnesota to visit her daughter.

No word from him, but she's sure gonna do a lot with his money.
My sides!!

[chanta76]

Yeap...teal

No word on the boy friend. Its his winnings not hers.

All this show is that the govt are scammers.

[Ghost]

.

[Taco]

This just in...

Apocalypse Illinois: IOUs Projected to Hit $10.5 Billion
http://globaleconomicanalysis.blogspot. ... ed-to.html

[Teal Lantern]

This just in...

Apocalypse Illinois: IOUs Projected to Hit $10.5 Billion
http://globaleconomicanalysis.blogspot. ... ed-to.html

... two Illinois lottery winners filed a class action lawsuit over unpaid prizes.

If they win, don't they still get "paid" (or not) in IOUs?

[Adama]

They are better off without the money. It will probably only destroy them. Do you think they would use that money to uplift themselves into a better situation? More than likely within 12 months they'd be broke again, but in a worse position.

[Tsar]

One of largest revenue earners for every state is the lottery. If they are declaring they can't pay the very rare winner that hits a jackpot or a large prize, then the state is basically bankrupt. Why do most people even play the lottery? It's just a waste of money for everyone except the winner that was lucky enough to win. Guess the winners might never see their winnings because the odds are the state could go bankrupt and the winners would need to accept a major loss when the state write-offs their debt, or the dollar could collapse in purchasing power so even if they got the money it wouldn't buy as much or be worth as much.

[Teal Lantern]

"When they delayed payment for the 25K winners, I said nothing because ..."

Illinois lottery imposes new budget-driven payment delays on prizes
http://www.reuters.com/article/2015/10/ ... TV20151014

Illinois Lottery, Strapped for Cash, Starts Issuing IOUs to Winners Over $600
http://www.slate.com/blogs/the_slatest/ ... _ious.html