Latest news with #TexasLotteryCommission
The Hill
a day ago
- Business
- The Hill
Judge orders Texas Lottery Commission to protect $83.5 million of disputed funds won in February jackpot
AUSTIN (Nexstar) — A Travis County judge issued a temporary restraining order against the Texas Lottery Commission (TLC) and its acting executive director from spending any of the $83.5 million a Houston woman won in a February Lotto Texas jackpot. None of the jackpot has been paid out because the Texas Rangers are currently investigating the win — along with an April 2023 jackpot win — to see if there was any foul play involved. The judge wrote in the ruling that the Texas woman 'will be irreparably harmed if Defendant Sergio Rey, in his official capacity as acting executive director for the Texas Lottery Commission causes the $83,500,000 jackpot prize to be diminished, wasted, or paid to another before the merits of Plaintiff's claims are fully and finally adjudicated.' The ruling comes the same day a bill to end the TLC was sent to the Governor's desk for final approval. Senate Bill 3070 would eliminate the commission and transfer the operation of the lottery and charitable bingo to the Texas Department of Licensing and Regulation (TDLR). Randy Howry, the lottery winner's attorney, said he believes the restraining order will also apply to the TDLR if the Governor signs the bill into law. The restraining order has a limited lifespan. In this case it will only last three days because there is an evidentiary hearing on June 5 for a temporary injunction. A temporary injunction would protect those funds until a trial can happen. Howry and his client are worried the February lottery winnings could be spent on other winners or pay for other costs within the commission as it faces extinction. 'We're doing everything we can to protect these funds,' Howry explained. The Texas woman won the Feb. 17 lottery drawing worth $83.5 million. The woman purchased $20 worth of tickets on the Jackpocket app, a service that allows players to buy tickets over the phone. Those services are known as lottery couriers and they have become the target of lawmakers this session who believe they are against the laws written in the state and believe the lottery commission acted beyond its means to allow couriers to operate in Texas. Some lottery courier services were involved in helping a single entity, known as Rook TX, purchase and print more than $25 million worth of tickets in a 72-hour time span in April of 2023. That number of tickets nearly guaranteed the entity would have the winning ticket for a $95 million jackpot. This session lawmakers have questioned the TLC and its commissioners about how something like that could happen. Lawsuits have been filed against those courier services and the former executive director of the commission. In February, a week after the Texas woman won the jackpot, the TLC said it was banning lottery courier services and the Governor directed the Texas Rangers to investigate those two wins. Howry said he and his client were told by the commission they could not be paid out while the Rangers investigated. However, Howry says he and his client have not been questioned by any agency regarding the February drawing.
Yahoo
2 days ago
- Business
- Yahoo
Judge orders Texas Lottery Commission to protect $83.5 million of disputed funds won in February jackpot
AUSTIN (Nexstar) — A Travis County judge issued a temporary restraining order against the Texas Lottery Commission (TLC) and its acting executive director from spending any of the $83.5 million a Houston woman won in a February Lotto Texas jackpot. None of the jackpot has been paid out because the Texas Rangers are currently investigating the win — along with an April 2023 jackpot win — to see if there was any foul play involved. The judge wrote in the ruling that the Texas woman 'will be irreparably harmed if Defendant Sergio Rey, in his official capacity as acting executive director for the Texas Lottery Commission causes the $83,500,000 jackpot prize to be diminished, wasted, or paid to another before the merits of Plaintiff's claims are fully and finally adjudicated.' The ruling comes the same day a bill to end the TLC was sent to the Governor's desk for final approval. Senate Bill 3070 would eliminate the commission and transfer the operation of the lottery and charitable bingo to the Texas Department of Licensing and Regulation (TDLR). Temporary Restraining Order against TLCDownload Randy Howry, the lottery winner's attorney, said he believes the restraining order will also apply to the TDLR if the Governor signs the bill into law. The restraining order has a limited lifespan. In this case it will only last three days because there is an evidentiary hearing on June 5 for a temporary injunction. A temporary injunction would protect those funds until a trial can happen. Howry and his client are worried the February lottery winnings could be spent on other winners or pay for other costs within the commission as it faces extinction. 'We're doing everything we can to protect these funds,' Howry explained. The Texas woman won the Feb. 17 lottery drawing worth $83.5 million. The woman purchased $20 worth of tickets on the Jackpocket app, a service that allows players to buy tickets over the phone. Those services are known as lottery couriers and they have become the target of lawmakers this session who believe they are against the laws written in the state and believe the lottery commission acted beyond its means to allow couriers to operate in Texas. Some lottery courier services were involved in helping a single entity, known as Rook TX, purchase and print more than $25 million worth of tickets in a 72-hour time span in April of 2023. That number of tickets nearly guaranteed the entity would have the winning ticket for a $95 million jackpot. This session lawmakers have questioned the TLC and its commissioners about how something like that could happen. Lawsuits have been filed against those courier services and the former executive director of the commission. In February, a week after the Texas woman won the jackpot, the TLC said it was banning lottery courier services and the Governor directed the Texas Rangers to investigate those two wins. Howry said he and his client were told by the commission they could not be paid out while the Rangers investigated. However, Howry says he and his client have not been questioned by any agency regarding the February drawing. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
27-05-2025
- Politics
- Yahoo
Texas Legislature latest: Countdown until end of session is on
The Brief Monday marked one week to go until the end of regular session Voting would go until midnight, another late push on Tuesday Several issues are still at play here AUSTIN, Texas - With only a week to go until the end of the regular session, the countdown is on for the Texas Legislature. House Speaker Dustin Burrows issued a warning before Monday's final hard press started. Voting would go until midnight with another late push on Tuesday. Big picture view Political analysts Mark Jones and Brain Smith gave their impressions of the political end game that's being played. "It is all coffee and cigarette this week, because everything has to be through the legislature process, through all the channels and done by next Monday," said Smith. Jones anticipates the 48-hour period to be frantic. "And at the end of the day, Democrats now can see light at the tunnel," said Jones. The light for Democrats, is not a green light. Monday, House Democrats hit the brakes at times. During the day they engaged in debate by asking multiple questions and many of the questions seemed to be raised only as a way to burn time. This tactic, called chubbing, was even used on a bipartisan bill that encourages movie making in Texas. "So every minute that Democrats waste chubbing on bills like the motion picture bill, which is going to pass, which they actually, virtually all, support is less time for bills that are on the calendar on Tuesday, or potentially even some bills that run the Monday calendar, but very low down on the list," said Jones. The stalling effort was used a few weeks ago with earlier deadlines. Dig deeper Several issues are still at play here and some recently saw votes. House Republicans have pushed through several abortion bills. They include clarifying when doctors can perform the procedure to save the life of the mother, and a bill banning the use of tax dollars to pay for out-of-state trips for abortions. SB 2880, which bans the sale of abortion-inducing medication, moved out of a House committee on Saturday but has not yet been posted for a floor debate in the full House. There was a vote that brought about a political death and resurrection. The Texas Lottery Commission was abolished with the games moved to a new agency. State Rep. Gene Wu (D-Houston) in questioning state Rep. Charlie Geren (R-Fort Worth) noted the switch over would start September 1st. State Rep. Chris Turner (D-Plano) reminded House members the action will save a game that helps veterans. "While it's a relatively small aspect of the lottery overall, the impact that the veterans scratch-off ticket has is immense for the men and women who have served our state," said Turner. Legislative survivors included two hard-line bail reform measures. Debate on a bill to deny bail for undocumented immigrants was moved to Tuesday. A no-bail resolution for repeat offenders with violent crimes failed to gain the necessary 100 votes. It could get a second chance on Tuesday. Another critical 2nd Reading vote was on SB13. It would create school library advisory councils to make recommendations on books. The committees would consist of parents, educators, and local community members. What's next The latter part of the week will be focused on finalizing deals involving several big bills that are in conference committee. That process could carry over into next Monday. The Source Information in this report comes from reporting/interviews by FOX 7 Austin's chief political reporter Rudy Koski.
Yahoo
26-05-2025
- Business
- Yahoo
Retirement savings: How can you save without a 401k?
(NewsNation) — Even if you don't have a 401(k), there are several ways you can make sure you are saving for your retirement. According to Fidelity, some of the other options you can consider include IRAs, SEP IRAs and self-employed 401(k)s. Are people 'panic buying'? Economist explains which big purchases you may want to make now Here are some of the ways you can save for retirement without a 401(k): An individual retirement agreement, or an individual retirement account, can be opened by anyone who has earned income. This includes those who might not have a job, but have a spouse who is employed. When choosing an IRA, you will need to choose between a Roth IRA and a traditional IRA. Summer travel may actually be cheaper to certain destinations, expert says A Roth IRA will allow your contributions and earnings to grow tax-free. You will be able to withdraw the money from your Roth IRA tax-free after you turn 59½, as long as your account has been open for at least five years. A traditional IRA allows you to contribute money before or after taxes. You can grow your money tax-deferred, however, you will pay ordinary income tax on your withdrawals. Also, you have to start taking distributions after you turn 73. There are no income limitations to opening a traditional IRA, unlike with a Roth IRA. A Simplified Employee Pension plan, or SEP IRA, could be a good option if you are self-employed or have freelancing income. If you are a sole proprietor or part of a partnership, C-corporation or S-corporation, you are eligible for an SEP IRA. Recent college grads face toughest job market in years Your contributions could be tax-deductible, according to Fidelity. Typically, employees aren't allowed to contribute, and only employers can. There is an option for employees to be able to make traditional IRA contributions, but these would count toward the annual limit for IRAs. If you want to set up an SEP IRA, you will need to do so before the federal income tax filing deadline. If you are self-employed, you could start a self-employed or solo 401(k). This also applies to you if you own a business or partnership that has no employees or if you have a spouse who works in the business. You can contribute to a self-employed 401(k) in two ways: as the employee and again as the employer. As an employee, you can make a tax-deductible or Roth contribution of up to 100% of what you are paid up to a maximum. Once you are over 50, you can make catch-up contributions. Texas woman who won $83.5 million jackpot still not paid 3 months later, sues Texas Lottery Commission As the employer, you can contribute up to 25% of your earnings that are considered eligible. These contributions will always be before taxes. As a small business owner, you could save a lot of money each year with a self-employed 401(k). The deadline to set up a plan is the employer's tax filing deadline. Other plans to consider are SIMPLE IRAs and a health savings account. A SIMPLE IRA is similar to a 401(k) in that it offers before and after-tax contributions. It also has an employee contribution and employer match. If you are self-employed or a small business owner, you can open a SIMPLE IRA. Trump tariffs set to collide with back-to-school shopping A health savings account, or HSA, you can benefit from tax deductions, tax-free growth potential and withdrawals that are tax-free to pay for any qualified medical expenses. These expenses could be paid for before or after your retirement. Then, after you turn 65, you can withdraw money from the HSA without facing any penalties. However, you will owe taxes on contributions and earnings. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
26-05-2025
- Business
- Yahoo
Lottery Winner Claims Texas Refuses to Pay $83.5 Million Prize
A woman in Texas has taken legal action against the Lone Star State's lottery commission over an allegedly unpaid $83.5 million jackpot. According to the lawsuit — filed on Monday, May 19 — the woman, identified as Jane Doe, claimed that she was in possession of the winning ticket for the drawing on the night of February 17. She also noted that she had purchased the lottery ticket via a mobile application called Jackpocket, or Despite not being regulated or licensed in the state of Texas, lottery ticket courier services like Jackpocket serve as liaisons for clients to purchase tickets from authorized retailers. The Texas Lottery Commission announced that third-party ticket couriers would be banned in a news release issued a week later on February 24 that said the change would take effect immediately. 🎬 SIGN UP for Parade's Daily newsletter to get the latest pop culture news & celebrity interviews delivered right to your inbox 🎬 The lawsuit also states that Doe alleges she was deemed 'the lawful bearer of the winning ticket in the Lotto Texas drawing that occurred on February 17, 2025,' after she presented her ticket to the commission on March 18. The Texas Lottery Commission's website states that the winning ticket was purchased in Austin, Texas. It also revealed that the lucky winner chose the 'Cash Value Option' payment method for the $83.5 million. A Friday, May 25 report from NBC News wrote that a spokesperson for the Texas Lottery Commission commented on the case and said, 'The claim is being reviewed under the Commission's claim validation requirements and is the subject of external investigation. The agency does not have additional information to provide, as it does not comment on pending litigation and investigations.' The lawsuit also noted that the state's commission is not allowed to alter the rules after a winner has been selected and that they were 'stalling' by not responding to the alleged winner about the status of their winnings. Lottery Winner Claims Texas Refuses to Pay $83.5 Million Prize first appeared on Parade on May 25, 2025
