Monday, August 31, 2015

Don't Make Book If You Cannot Cover Bets

That's some very old advice.

But it's advice that the State of Illinois is ignoring.

The winners are right: If you owed the state money, they'd come after you hammer-and-tong, and the excuse that "I'm over budget" would cut no ice with them.

8 comments:

  1. So, I'm assuming the lottery ticket is a contract. Is there anyway for the winners to sue the state without losing more money than they "win" in lawyers fees? Or is it wait till paired and then sue for interest?

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  2. States have sovereign immunity, so Illinois may not consent to be sued about the matter. Or there may be a specific state statute as to whether or not the state can be sued over nonpayment of lottery winnings. And they may be able to get their attorney's fees and costs, depending on the law in the state.

    Which is a long-winded way of saying "beats the shit outta me."

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  3. IANAL, but I thought there was a principle in the common law saying gambling debts aren't collectible at law.

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  4. Because back then, there was no such thing as legal gambling. Where it's legal, the debt's collectable.

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  5. Is this some more fuckery from governor hedgefund? A couple of my favorite bloggers live in Springfield, and they have had quite enough of his bullshit...

    -Doug in Oakland

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  6. I'm just curious as to how this will affect the purchase of lottery tickets. You might assume that folks would quit purchasing, and the state would take an even larger loss (compounding their debt issues). I chuckle at the notion that this might not be the case though :)

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  7. Comrade, I thought only the Federal government could decline to be sued.

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  8. States have sovereign immunity in their own courts, which is one of the reasons why there are Federal civil rights laws.

    Lots of times, states wave some immunity by statute. Or a judge finds a way around that. I'm going to guess that there is a hole in state sovereign immunity for breach of contract, though.

    Don't know for certain. I'm not a law professor and nobody's paying me to answer this question. :)

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