Attention FAE Customers:
Please be aware that NASBA credits are awarded based on whether the events are webcast or in-person, as well as on the number of CPE credits.
Please check the event registration page to see if NASBA credits are being awarded for the programs you select.

Want to save this page for later?


The Daily

Illinois Lottery Winners Get $250,000 IOU

Chris Gaetano
Published Date:
Aug 31, 2015
'Scratch game' by Mysid - Photo taken by uploader (Camera: Canon PowerShot G3).. Licensed under Public Domain via Wikimedia CommonsTwo Illinois residents were excited when thought they hit the big time after finding out they had a $250,000 winning lottery ticket. Less enthusiastic, however, was the state lottery commission, which couldn't actually give them the prize money and so had to give them an IOU instead, according to CNBC. Winners Danny Chasteen and his girlfriend Susan Rick were told that the state cannot currently give out any prizes in excess of $25,000 because the money needs to be released by the state comptroller's office, and because the government has yet to approve a budget, it does not have the legal authority to do so. And thus, when the couple went to claim their money, the government basically had to shuffle their feet and look around awkwardly as it patted its pockets and sheepishly explained that they'll have to owe them. Awkward...