Can I sue the state for outrageous small return paid on lottery money; it's only about 30% of the take?

Question

Can I sue the state for outrageous small return paid on lottery money; it's only about 30% of the take?

Answer 1

If you win, and you were promised a specific amount and didn't get it, yes you can.  If you are bitching generally about the lump sum payment in lieu of the annual payouts, don't play.  

Answer 2

30% sounds about right if you take a lump sum option, and after taxes are taken out. The amount they say the lottery is worth is for anuity payments before taxes. If you take the time to read the terms of the lottery, it will be explained in there. Most people don't, but by playing the lotery, you accept those terms whether you read them or not.

Answer 3

Taxes are where the largest amount comes from when they pay out the lottery winnings. If you have won for example one million dollars, the taxes taken out are about 33%, going to state,local and federal taxes.leaving you with 66 %.or leaving you with 670,000 dollars.

Answer 4

If your lottery is like most, try looking at the programs they pay for under the "guise" of education. Ohio lottery program only funded temporary programs that lasted for less than 3 years. This did not affect the paying of regular school costs as many thought was the idea for having a lottery.

Answer 5

No.  Lotteries are run to make money, and there are no laws governing how much needs to paid out in prizes.  Actually, this is a much better return than most professional charity fund raisers.  Charity fund raisers are notorious for hanging onto the money they raise.  One charity even had to PAY the fund raiser, on top of what the fund raiser took in donations.  If you want to donate to a cause, donate directly to a group that you KNOW needs the money.

Answer 6

There are law firms that specifically handle lottery and sweepstakes law (not many of them). I suppose they figure that if you have such a narrow specialty, you get pretty much all the cases in your field because there can't possibly be a lot of legitimate such cases. You can call and ask one. It doesn't cost anything to ask. They may just say that that's the way it is and you'll have to just be satisfied with being very lucky and not even more lucky.