How are Lottery funds factored into the state budget woes? Cash in, Cash out, no?

2015-10-14T23:30:16-04:00

http://www.msn.com/en-us/news/us/illinois-gives-lottery-winners-ious/ar-AAfsl1i?ocid=spartandhp

Get sales pitch, try your luck for an IOU....

Illinois gives lottery winners IOUs

CHICAGO— The cash-strapped state of Illinois announced Wednesday they’ll be handing out IOUs for the time-being to any state lottery winner who wins more than $600. The IOUs are one of the many side effects of the stalemate over a new a budget between Republican Gov. Bruce Rauner and the state’s Democratic lawmakers who control the Illinois General Assembly. “Payment delays will occur because there currently is no legal authority for the...

Response by LTC Private RallyPoint Member made Oct 15 at 2015 5:36 AM

2015-10-15T05:36:06-04:00

All you need is a dollar and a dream...oh, and a budget. Why not suspend the sale of the tickets until then can fund the winners?

Response by Sgt Aaron Kennedy, MS made Oct 15 at 2015 6:32 AM

2015-10-15T06:32:42-04:00

From the article:
“Please note that the funding to pay winners exists, but the legal authority to issue checks does not.”

They essentially ran out of checks... not money.

Response by MSG Private RallyPoint Member made Oct 15 at 2015 10:57 AM

2015-10-15T10:57:30-04:00

So, if there are no proper amount of funds to pay out to people with winnings of $600.00 or more, then where in the hell did that lottery money go in the first place? Someone better order up an audit PDQ.