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[Sports] - With sports gambling now legal in Illinois, the charade is finally over

[Sports] - With sports gambling now legal in Illinois, the charade is finally over submitted by AutoNewsAdmin to CHICAGOSUNauto [link] [comments]

[Sports] - With sports gambling now legal in Illinois, the charade is finally over | Chicago Sun-Times

[Sports] - With sports gambling now legal in Illinois, the charade is finally over | Chicago Sun-Times submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]

The #1 online casino company $RSI is primed for autism

Positions: $RSI 30 03/19 30C
Proof: https://imgur.com/a/swCCMjz

*This post is for informational purposes only, you should not construe any such information or other material as investment, financial, or other advice.*

TLDR: Rush Street Interactive ($RSI) is the #1 nationwide online casino company and the #3 or #4 sports book depending on the state. Short selling, unwarranted institutional wariness of share dilution and the general market focus on sports book instead of online casino has left $RSI grossly undervalued. A massive blow out at Q4 earnings will result in analyst upgrades and a rapid repricing by market makers and institutions seeking exposure to the emerging sector.

**Overview**
"Sports book is really just kind of a warm up in a lot of ways for an online casino where the real money is made" - Niccolo De Masi, CEO dMY technologies

Rush Street Interactive ($RSI) operates the BetRivers.com online casino and sports book. They are now fully licensed and operating in New Jersey, Pennsylvania, Michigan, Illinois, Indiana, Colorado, Iowa, and Virginia. They own and operate a casino in New York and already have a New York license making them well positioned for liberalization there. They merged with a dMY Technology Group SPAC on Dec. 31st 2020 with 240 million on the balance sheet to spend on growth.
The online casino business is fundamentally more profitable than sports betting because the average value of a casino player is estimated at $600 while a sports book player could be as little as $20. Estimates put the online casino market at DOUBLE the size of the online sports book market and the online casino industry is really just getting started as more states liberalize.
$RSI is expert at new market entry; they have been first to market in Pennsylvania, Illinois, Indiana, and Colorado and even when they aren't first they are capable of capturing market share in competitive markets such as New Jersey. They also have products which women play which accounts for at least half of the market in online casino. The female market is one that the pure sports book plays miss out on.
Also for some fucking reason they operate a casino and sports book in Colombia (rushbet.co) and may make large expansions into other parts of south America as legalization continues. This means they have the expertise necessary for global expansion in the future although the states remains their primary focus and growth driver.

**The Financials and Strategy**
Unlike other companies in the space Rush Street is already profitable in 2020 and has a strong focus on Return On Invested Capital (ROIC). Q3 gross revenue was $71.9 Million. Q4 revenue is going to be a blow out. Combing through state gambling revenue data and breaking that down by market share my estimate is that Q4 revenue could be as high as $120 Million.
Paired with this blow out will be a **guidance raise to $500 Million for 2021**, which is 2/3 of DraftKings 2021 guidance of $750M.
https://imgur.com/a/xkfcayC

What is striking when compared to $DKNG is that their advertising spend was only a quarter of revenue in Q3 while $DKNG spent 155% of their revenue. This will change as they begin to focus on growth, but it shows they are very good at getting return on ad spend. This company should actually be valued close to $DKNG based on growth potential once guidance is raised.
https://imgur.com/a/RQQXtGg

Their focus on attracting **female gamers** is also important to their long term growth potential. The sports book plays with cross sells to casino such as $DKNG will not be able to grow through the female demographic in the same way. **This cannot be understated** as one of the major strategic advantages of $RSI.
https://imgur.com/a/xzJj26n

As I said before I expect their trend of rapid growth to continue for Q4 earnings, certainly going to be a blow out based on looking at state gambling revenue numbers. My estimate is that their revenue will be around 110M for Q4. I also expect guidance to be raised to 500M for 2021 due to strong performance in existing markets and the recently opened Michigan market as well as their sports book launch in Virginia.
https://imgur.com/a/ckTqHhh

**Short sellers have entered the chat**
The short interest on $RSI sits at 5.08 M shares as of 01/14/21 representing a 30% increase. Now why would a company already valued at 2.8 Billion and with a comparative valuation of 8-10 Billion compared with $DKNG and $PENN be so heavily shorted at such a low market cap? My conclusion is that an institution with 10s of millions to throw at shorting this stock wants to take advantage of fear of share dilution from warrant calling or to establish a better entry prior to earnings.

**Commander in GILF Cathie Wood is Bullish on the sector**
On Feb. 2nd ARK disclosed that they had purchased 620,300 shares of $DKNG. This is extremely bullish for the sector. I am highly confident that after Q4 earnings ARK will be purchasing shares in $RSI as well due its strategic advantages relative to $DKNG and exposure to the female demographic. For such a small market cap company this will be a major catalyst.

**Institutions are bullish**
Fidelity has increased their holdings to 14% as of today: https://d18rn0p25nwr6d.cloudfront.net/CIK-0001793659/8f10b0d8-a3d2-447c-bc75-87587d0a4670.pdf
Alliance Bernstein holds a 6% position reported today: http://d18rn0p25nwr6d.cloudfront.net/CIK-0001793659/e883778d-e759-4a85-91c1-3242ed110720.pdf

**Final notes**
Jerome "The Bus" Bettis, Steelers legend and hall of fame running back, is their brand ambassador... This company knows their target audience and how to appeal to them, likely more 'classic' ambassadors to come to attract even more boomer and Gen X degenerates. Keep in mind these are the gamblers with big money to spend, the average age of an online casino gambler is 42.
This stock has been grossly underpriced due to short selling. The terms of the SPAC deal were not unfavorable and all the insiders held their shares through the merger banking on growth in the market - **management owns 77% of the company**. This is a true value play on a well managed company in an emerging industry with a market size in the hundreds of billions. I plan to hold shares long term.

I will post a part 2 breaking down their latest S-1 filing and Q4 revenue by state when they release their Q4 earnings date.

Do your own research.
References:
https://www.legalsportsreport.com/sports-betting/revenue/
https://fintel.io/doc/sec-rush-street-interactive-inc-ex991-2021-january-05-18632-947
https://s26.q4cdn.com/794539746/files/doc_presentations/2020/RSI-Investor-Presentation-15-Oct-2020.pdf
https://ir.rushstreetinteractive.com/news/news-details/2020/RUSH-STREET-INTERACTIVE-ANNOUNCES-THIRD-QUARTER-2020-RESULTS-AND-RAISES-FULL-YEAR-GUIDANCE/default.aspx
https://www.youtube.com/watch?v=SQWEhWuPmzU
https://www.thestreet.com/investing/draftkings-surges-as-stake-bought-by-ark-next-generation

Positions: $RSI 30 03/19 30C
I will be adding 04/16 25cs each week until earnings.
Exit strategy: "What's an exit strategy?" - u/deepfuckingvalue
Update 021321: IMPORTANT after a commenter pointed out that technically they could report as late as April 2nd I AM RECOMMENDING THAT EVERYONE ROLL OUT TO APRIL 16TH 35Cs
submitted by momentstorture to wallstreetbets [link] [comments]

The #1 online casino company $RSI is primed for ingress.

Positions: $RSI 03/19 30C
Proof: https://imgur.com/a/swCCMjz
This post is for informational purposes only, you should not construe any such information or other material as investment, financial, or other advice.
TLDR: Rush Street Interactive ($RSI) is the #1 nationwide online casino company and the #3 or #4 sports book depending on the state. Short selling, unwarranted institutional wariness of share dilution and the general market focus on sports book instead of online casino has left $RSI grossly undervalued. A massive blow out at Q4 earnings will result in analyst upgrades and a rapid repricing by market makers and institutions seeking exposure to the emerging sector.
Overview
"Sports book is really just kind of a warm up in a lot of ways for an online casino where the real money is made" - Niccolo De Masi, CEO dMY technologies
Rush Street Interactive ($RSI) operates the BetRivers.com online casino and sports book. They are now fully licensed and operating in New Jersey, Pennsylvania, Michigan, Illinois, Indiana, Colorado, Iowa, and Virginia. They own and operate a casino in New York and already have a New York license making them well positioned for liberalization there. They merged with a dMY Technology Group SPAC on Dec. 31st 2020 with 240 million on the balance sheet to spend on growth.
The online casino business is fundamentally more profitable than sports betting because the average value of a casino player is estimated at $600 while a sports book player could be as little as $20. Estimates put the online casino market at DOUBLE the size of the online sports book market and the online casino industry is really just getting started as more states liberalize.
$RSI is expert at new market entry; they have been first to market in Pennsylvania, Illinois, Indiana, and Colorado and even when they aren't first they are capable of capturing market share in competitive markets such as New Jersey. They also have products which women play which accounts for at least half of the market in online casino. The female market is one that the pure sports book plays miss out on.
Also for some fucking reason they operate a casino and sports book in Colombia (rushbet.co) and may make large expansions into other parts of south America as legalization continues. This means they have the expertise necessary for global expansion in the future although the states remains their primary focus and growth driver.
The Financials and Strategy
Unlike other companies in the space Rush Street is already profitable in 2020 and has a strong focus on Return On Invested Capital (ROIC). Q3 gross revenue was $71.9 Million. Q4 revenue is going to be a blow out. Combing through state gambling revenue data and breaking that down by market share my estimate is that Q4 revenue could be as high as $120 Million.
Paired with this blow out will be a **guidance raise to $500 Million for 2021**, which is 2/3 of DraftKings 2021 guidance of $750M.
https://imgur.com/a/xkfcayC
What is striking when compared to $DKNG is that their advertising spend was only a quarter of revenue in Q3 while $DKNG spent 155% of their revenue. This will change as they begin to focus on growth, but it shows they are very good at getting return on ad spend. This company should actually be valued close to $DKNG based on growth potential once guidance is raised.
https://imgur.com/a/RQQXtGg
Their focus on attracting **female gamers** is also important to their long term growth potential. The sports book plays with cross sells to casino such as $DKNG will not be able to grow through the female demographic in the same way. **This cannot be understated** as one of the major strategic advantages of $RSI.
https://imgur.com/a/xzJj26n
As I said before I expect their trend of rapid growth to continue for Q4 earnings, certainly going to be a blow out based on looking at state gambling revenue numbers. My estimate is that their revenue will be around 110M for Q4. I also expect guidance to be raised to 500M for 2021 due to strong performance in existing markets and the recently opened Michigan market as well as their sports book launch in Virginia.
https://imgur.com/a/ckTqHhh
Short sellers have entered the chat
The short interest on $RSI sits at 5.08 M shares as of 01/14/21 representing a 30% increase. Now why would a company already valued at 2.8 Billion and with a comparative valuation of 8-10 Billion compared with $DKNG and $PENN be so heavily shorted at such a low market cap? My conclusion is that an institution with 10s of millions to throw at shorting this stock wants to take advantage of fear of share dilution from warrant calling or to establish a better entry prior to earnings.
Cathie Wood is Bullish on the sector
On Feb. 2nd ARK disclosed that they had purchased 620,300 shares of $DKNG. This is extremely bullish for the sector. I am highly confident that after Q4 earnings ARK will be purchasing shares in $RSI as well due its strategic advantages relative to $DKNG and exposure to the female demographic. For such a small market cap company this will be a major catalyst.
Final notes
Jerome "The Bus" Bettis, Steelers legend and hall of fame running back, is their brand ambassador... This company knows their target audience and how to appeal to them, likely more 'classic' ambassadors to come to attract even more boomer and Gen X degenerates. Keep in mind these are the gamblers with big money to spend, the average age of an online casino gambler is 42.
This stock has been grossly underpriced due to short selling. The terms of the SPAC deal were not unfavorable and all the insiders held their shares through the merger banking on growth in the market - **management owns 77% of the company**. This is a true value play on a well managed company in an emerging industry with a market size in the hundreds of billions. I plan to hold shares long term.
I will post a part 2 breaking down their latest S-1 filing and Q4 revenue by state when they release their Q4 earnings date.
Do your own research.
References:
https://www.legalsportsreport.com/sports-betting/revenue/
https://fintel.io/doc/sec-rush-street-interactive-inc-ex991-2021-january-05-18632-947
https://s26.q4cdn.com/794539746/files/doc_presentations/2020/RSI-Investor-Presentation-15-Oct-2020.pdf
https://ir.rushstreetinteractive.com/news/news-details/2020/RUSH-STREET-INTERACTIVE-ANNOUNCES-THIRD-QUARTER-2020-RESULTS-AND-RAISES-FULL-YEAR-GUIDANCE/default.aspx
https://www.youtube.com/watch?v=SQWEhWuPmzU
https://www.thestreet.com/investing/draftkings-surges-as-stake-bought-by-ark-next-generation
Positions: $RSI 03/19 30C
I will be adding 04/16 25Cs each week until earnings
Exit strategy: "What's an exit strategy?" - u/deepfuckingvalue
Forgot to add: http://d18rn0p25nwr6d.cloudfront.net/CIK-0001793659/8f10b0d8-a3d2-447c-bc75-87587d0a4670.pdf Fidelity just doubled their position to almost 15%
Update 021221: Everyone that went in on my initial entry is down 40% right now. As I said I plan to continue to buy 03/19 25Cs each week until earnings. If you’re worried about further losses wait until the day before earnings to load up, you may miss a run up though.
Update 021321: IMPORTANT after a commenter pointed out that technically they could report as late as April 2nd I AM RECOMMENDING THAT EVERYONE ROLL OUT TO APRIL 16TH 35Cs
submitted by momentstorture to thecorporation [link] [comments]

WHY CANNABIS MARKET FOR 2021

The cannabis market right now is so similar to the start of the green energy market.. its nowhere near done being bullish. Save for some small dips, there will very likely be a huge bullish trend for 2021. EVEN NASDAQ AGREES. I’ve posted my positions a few times, and I’ll continue to do so. But this is my reasoning for investing in cannabis stocks in general for 2021.





Other ongoing state legislature:
Now that you understand why I’m going green, here’s my reasoning for my positions.
TLRY (Tilray)
GNLN (Greenlane Holdings)

SNDL (Sundial Growers)

PLNHF (Planet 13 Holdings)

I’m well aware of other good stocks like GTBIF, CRLBF, SSPK, TCNNF, GRWG.. but these stocks haven’t been swinging as hard in response to pro-cannabis news. E.g. TLRY, SNDL, GNLN swung more than 20% some days from pro-cannabis news...I will likely reduce my current positions shortly after inauguration, after some news about the timeline for cannabis legislation, and diversify my positions more between these other good picks.

2021 is the year of cannabis boys
submitted by DerbDsoul to pennystocks [link] [comments]

GMBL- UP OVER 50% from my last post 5 days ago

This was given an 11 price target (closed over that today) but I think this will be a good long term hold and here is why.
The CEO/founder has been involved with online gambling since 1996(!!!). Also, their CIOJohn Brackens was an Activision Blizzard networks manager.
They've been in purchase mode recently and bought ggCircuit, a B2B cloud-based management for LAN centers, a tournament platform, and integrated wallet/point-of-sale solutions for enterprise customers. ggCircuit has over 1,000 connected locations and has worked with enterprises such as GameStop, Dell, Best Buy and Lenovo as well as universities such as Ohio State, Syracuse and North Carolina. Their ggLeap product has over 60 million hours of usage by over two million unique gamers on tens of thousands of public gaming screens inside centers worldwide.
Also, they bought Helix esports. Helix eSports owns five esports centers, including two of the five largest centers in the US, where they deliver world-class customer service, esports programming and gaming infrastructure.
ALSO, they bought Esports Gaming League (EGL). HAS OVER 350K registered gamers. "EGL is a great addition to our growing operations and further strengthens our ability to execute on our three-pillar strategy," commented Grant Johnson, CEO of Esports Entertainment Group. "EGL technology underpins the esports programs for some of the world's best-known sports franchises, including the LA Kings, Philadelphia Eagles, and Arsenal Football Club. We plan to build on this strong foundation moving forward, driving near-term revenue growth and long-term shareholder value improvement."
You see the trend, and there is more companies than I listed purchased in the past twelve months.
Another thing to consider: -$4.3 Billion in Bets Placed on Super Bowl LV Online bets skyrocketing up by 63% with no signs of slowing -36 million more Americans can now legally bet compared to one year ago, with the addition of Colorado, Illinois, Michigan, Montana, Tennessee, Virginia and Washington, DC.
How does this translate to this company? People are showing a willingness to bet and it's available to a wider audience than ever before.
Here is what I posted before:
Business: egaming platform for gambling and tournaments. They also have other gambling functions, I believe egames you can gamble on is something they just bought (lucky dino).
They also partnered with the Philadelphia eagles to provide esport tournaments, last month I believe, first partnership with a professional team and an egaming gambling site(this was prior to SKLZ). More partnerships could lead to growth as no other professional franchises have a partnership yet for tournaments.
Financials: heavy dilution this past year, just started generating revenue in Q3, negative net income. The company they just bought is internet gambling site they just bought had 21M in revenue last year, est 28M for 2021. Company has very low debt, biggest liability is warrant liability of a few million. 8M of cash on hand, could get through at least 2 quarters without any additional positive cash flow (potentially some more dilution i would imagine). Small institutional ownership (1%) but large insider ownership (35%)
Financials drop Feb 20th, so some DD on this let me know what you think. This company is worth around 150M(on 2/8), for comparison draftkings is over 46B and cathie wood also entered this sector buying draftkings so this could be on her list also.
submitted by pingleja to trakstocks [link] [comments]

You're all welcome for the Sox losing streak

So a couple weeks ago I moved from the great city of Minneapolis to Chicago. Now that the beloved robe-wearing Bomba Squad is considered out of market, I've only watched them a few times when playing the White Sox and Cubs.
Meanwhile, the Sox had started looking like a mini Bomba Squad of their own and took over the division lead and I had to listen to that trash all over town. Now, sports gambling being legal is Illinois, I figured I could at least take advantage of this situation and hedge some happiness by making money off the Sox. So I signed up for DraftKings and after proving to them I had recently changed addresses, I got an account last week.
Guess how many games I've been on Chicago this year? Four. All four of their losses in the current streak while our boys have taken back the division. I'll keep draining the bank account for that.
submitted by ReasonablyAssumed to minnesotatwins [link] [comments]

The next Detroit: The catastrophic collapse of Atlantic City

With the closure of almost half of Atlantic City's casinos, Newark set to vote on gambling and casinos or racinos in almost every state, it seems as if the reasons for the very existence of Atlantic City are in serious jeopardy.
Israel Joffe
Atlantic City, once a major vacation spot during the roaring 20s and 1930s, as seen on HBOs Boardwalk Empire, collapsed when cheap air fare became the norm and people had no reason to head to the many beach town resorts on the East Coast. Within a few decades, the city, known for being an ‘oasis of sin’ during the prohibition era, fell into serious decline and dilapidation.
New Jersey officials felt the only way to bring Atlantic City back from the brink of disaster would be to legalize gambling. Atlantic City’s first casino, Resorts, first opened its doors in 1978. People stood shoulder to shoulder, packed into the hotel as gambling officially made its way to the East Coast. Folks in the East Coast didn't have to make a special trip all the way to Vegas in order to enjoy some craps, slots, roulette and more.
As time wore on, Atlantic City became the premier gambling spots in the country.
While detractors felt that the area still remained poor and dilapidated, officials were quick to point out that the casinos didn't bring the mass gentrification to Atlantic City as much as they hoped but the billions of dollars in revenue and thousands of jobs for the surrounding communities was well worth it.
Atlantic City developed a reputation as more of a short-stay ‘day-cation’ type of place, yet managed to stand firm against the 'adult playground' and 'entertainment capital of the world' Las Vegas.
Through-out the 1980s, Atlantic City would become an integral part of American pop culture as a place for east coast residents to gamble, watch boxing, wrestling, concerts and other sporting events.
However in the late 1980s, a landmark ruling considered Native-American reservations to be sovereign entities not bound by state law. It was the first potential threat to the iron grip Atlantic City and Vegas had on the gambling and entertainment industry.
Huge 'mega casinos' were built on reservations that rivaled Atlantic City and Vegas. In turn, Vegas built even more impressive casinos.
Atlantic City, in an attempt to make the city more appealing to the ‘big whale’ millionaire and billionaire gamblers, and in effort to move away from its ‘seedy’ reputation, built the luxurious Borgata casino in 2003. Harrah’s created a billion dollar extension and other casinos in the area went through serious renovations and re-branded themselves.
It seemed as if the bite that the Native American casinos took out of AC and Vegas’ profits was negligible and that the dominance of those two cities in the world of gambling would remain unchallenged.
Then Macau, formally a colony of Portugal, was handed back to the Chinese in 1999. The gambling industry there had been operated under a government-issued monopoly license by Stanley Ho's Sociedade de Turismo e Diversões de Macau. The monopoly was ended in 2002 and several casino owners from Las Vegas attempted to enter the market.
Under the one country, two systems policy, the territory remained virtually unchanged aside from mega casinos popping up everywhere. All the rich ‘whales’ from the far east had no reason anymore to go to the United States to spend their money.
Then came the biggest threat.
As revenue from dog and horse racing tracks around the United States dried up, government officials needed a way to bring back jobs and revitalize the surrounding communities. Slot machines in race tracks started in Iowa in 1994 but took off in 2004 when Pennsylvania introduced ‘Racinos’ in an effort to reduce property taxes for the state and to help depressed areas bounce back.
As of 2013, racinos were legal in ten states: Delaware, Louisiana, Maine, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, and West Virginia with more expected in 2015.
Tracks like Delaware Park and West Virginia's Mountaineer Park, once considered places where local degenerates bet on broken-down nags in claiming races, are now among the wealthiest tracks around, with the best races.
The famous Aqueduct race track in Queens, NY, once facing an uncertain future, now possesses the most profitable casino in the United States.
From June 2012 to June 2013, Aqueduct matched a quarter of Atlantic City's total gaming revenue from its dozen casinos: $729.2 million compared with A.C.'s $2.9 billion. It has taken an estimated 15 percent hit on New Jersey casino revenue and climbing.
And it isn't just Aqueduct that's taking business away from them. Atlantic City's closest major city, Philadelphia, only 35-40 minutes away, and one of the largest cities in America, now has a casino that has contributed heavily to the decline in gamers visiting the area.
New Jersey is the third state in the U.S. to have authorized internet gambling. However, these online casinos are owned and controlled by Atlantic City casinos in an effort to boost profits in the face of fierce competition.
California, Hawaii, Illinois, Iowa, Massachusetts, Mississippi, Pennsylvania and Texas are hoping to join Delaware, Nevada, New Jersey and the U.S. Virgin Islands in offering online gambling to their residents.
With this in mind, it seems the very niche that Atlantic City once offered as a gambling and entertainment hub for east coast residents is heading toward the dustbin of history.
Time will tell if this city will end up like Detroit. However, the fact that they are losing their biggest industry to major competition, much like Detroit did, with depressed housing, casinos bankrupting/closing and businesses fleeing , it all makes Atlantic City’s fate seem eerily similar.
submitted by IsraelJoffeusa to u/IsraelJoffeusa [link] [comments]

DKNG - Fundamental DD Part II - DKNG

Not Financial Advice (NFA)
Warning: Wall of Text. If you hate reading just skim through the bolded/italicized
Ever since I publicized my findings on DKNG, the stock has underperformed & probably has fucked a lot of people here, especially given the overly bullish stance back in June. Unless you took my advice & got into Puts then, congrats, welcome to tendie town. For the ADHD retards, here’s what the next wall of text is going to summarize: I believe at the current price of ~$30, the stock is oversold.
A tech-focused, high-growth Company that has made sports betting easy to understand with an aesthetically pleasing interface similar to how Robinhood has neatly laid out stock market gimmicks so even high-schoolers can make sense of it I believe, is underpriced at these levels.
Let’s get into some details as to why the stock has underperformed:
First off, the news slate revolving sports with the rumored delay/cancellation of the MLB season & the NFL watching from the sidelines is in my view, just a part of why the stock has underperformed. We’ll revisit this later in this post, but I want to focus on the drivers of the stock’s recent underperformance, & why these factors are now in the rearview mirror.
Part I – The Past Has Passed – SPAC-related Equity Dilution
History lesson first: DKNG went public via a SPAC merger, which has exploded in popularity recently. Anyone serious about analyzing stocks going forward needs to do their homework on this, Google is your friend.
A feature of most SPAC merger to public listings that creates a headwind to near-term share prices are embedded equity dilution events, usually in the form of earn-outs (stock bonuses to execs, the SPAC sponsor) & conversion of Warrants.
On 5/24, the earn-outs were triggered, adding 6m shares to the share count.
On 6/26, 16.3m warrants converted to DKNG, netting them ~$188m of cash.
Stepping back a little, in addition to the above, on 6/18 DKNG launched a follow-on equity offering of 16M shares @ $40/Share [1], receiving $621M in proceeds.
The last part is tricky to understand from a dilution perspective. To simplify, historically it’s almost a coin toss whether a Company’s shares outperform on the onset of an equity offering. While issuing shares does dilute the existing shareholder base, it theoretically shouldn’t, if the proceeds from the offering are earmarked for investments/projects that yield outsized returns. This is the reality for the long term, theory for the short-term. For the short-term, the ‘reality’ isn’t that the proceeds will be used for investments/projects that yield outsized returns, it is more about how convincing management is to investors that the investments they intend to pursue with the proceeds will outweigh the dilutive effects of issuing incremental shares. That’s a mouthful, but hopefully you get what I’m trying to convey.
All of this stuff put together – the Company has increased its share count by ~39M, but now has a whopping ~$1.4Bn of cash [2]. More on this in the next section.
Part II – MLB News Should Not Fucking Matter & DKNG Is Positioned As the Leading Online/Mobile Sports Platform
DKNG should not be so tied to MLB news or any of this shit as the ongoing success of the NBA/NHL season + Soccer in Europe has effectively created a blueprint on how to regulate player behavior so that they maintain professionalism amidst the pandemic. I’m going out on a whim here, but I truly think the MLB threatening a cancellation of the season is pure posturing to get these fuckers to behave appropriately. Maybe a ‘bubble’ is what it takes to get these players to focus on their jobs instead of going out & contracting COVID, but I argue that isn’t necessarily required given Soccer in Europe. So there’s already a proven path here without the need for a bubble in Soccer, so MLB/NFL should be fine, and execs need to study how they got it done in Europe. Okay, back to some facts.
Anecdotally, I’ve kept in touch with a handful of sports bookies from California to New York & even internationally about what they’re seeing – all of them say that since the NBA season started on 7/30 & since Soccer (especially the Premier League) resumed in June, along with other leagues like La Liga & Serie A, they’ve seen massive increases in betting.
These numbers are also showing up in the official data [3]:
REMEMBER: This is for June only! No NBA, No NHL, No MLB, just Soccer, Golf, NASCAR & UFC.
The data clearly shows that there was a ton of pent-up sports betting demand, which leads one Wall St. analyst to think that betting on the NBA/NHL could ABSORB the MLB’s sports betting handle (handle = total $ size of sports bet) [5]. Remember, the MLB season is still ongoing, with games being played. The entire focus is on the Miami Marlins & St. Louis Cardinals. Fucking retards.
Additionally, I want to remind everyone that DraftKings.com is the #1 Fantasy sports website in the U.S. [6]. Also, since April 2020 site visitations are up +86% [7] & Google Search Trends for “Draft Kings” is up ~3x compared to PRE-COVID levels [8]. What does this mean? They are piquing more people’s curiosity than prior to COVID/ongoing slate of sports.
This is important because remember that ~$1.4Bn chest full of cash I mentioned DKNG had assembled earlier? Well, that money is being put to work & results are already coming in, which is exactly what DKNG intended to do with it.
Part III – Legalization of Sports Betting in the U.S.
I could write a fucking bible on this topic alone, but for now we’ll stick to some basics. Due to COVID, it’s easy to understand that each State’s financial situation is clearly in shit. Because of this, you better believe that these guys are going to start taking a hard look at how they can extract additional tax revenues, & what’s one of the easiest ways to do this? Legalization & taxation of gambling.
The big players: CA, TX, FL & NY. First, CA pushing its legislation out to 2023 was fucked up, but here’s a twist I want to add to this: Anything that has to do with gambling in CA you better believe is lobbied against by not just the Tribal casino owners in CA, but by the deep pockets of Las Vegas money. Similar thing can be said for FL, but let’s take a look at some actions by LV/nationwide gambling companies that are starting to align financial incentives with guys like DKNG.
So it’s safe to say going forward, nationwide legalization of sports betting will reap rewards for everyone involved, & no longer be something LV money is completely focused on safeguarding.
Let’s also not forget that DKNG didn’t become the Company they are today because of their fancy app, but because their management team has a HISTORY of navigating the U.S.’s legal framework to get what they want out of it.
These guys are at the cutting edge of creating legal frameworks to successfully launch their products & now with more of their ‘competitors’ financially aligned with them, combined with financial deterioration of State budgets, we should see an overweighting of good news vs. bad on the legal front.
Final Part – Share Price Targets
Under-fucking priced at anything below $42.50
Near-term catalysts:
8/14: DKNG files 2Q’20 results, might be shitty, but you can bet that the Earnings Call is going to contain rhetoric on how massive the uptick in sports betting has been since late June/July.
Sometime from now until November: NY releases ‘study’ by Spectrum Gaming on online/mobile sports betting.
8/20 – 9/7: PGA Championship for FedEx Cup Title
9/5 – KY Derby
9/10: NFL KickOff Game
9/17: PGA U.S. Open Start Date
Month of October: NBA/NHL Playoffs
10/1: Estimated launch of online sports betting in TN
11/1: Estimated launch of online sports betting in VA
[1] https://draftkings.gcs-web.com/news-releases/news-release-details/draftkings-announces-proposed-public-offering-class-common-stock
[2] Wall St. Research – DKNG on 6/29/20
[3] https://www.legalsportsreport.com/sports-betting/revenue/
[4] https://gaming.nv.gov/modules/showdocument.aspx?documentid=16984; Note: Nevada did not break out April/May figures but from the Revenue difference of 3 month ended June 30 of 4,950 vs. month of June of 2,297 for a total difference of 2,653 spread evenly over April/May for a base case April estimate of 1,327.
[5] Wall St. Research - 7/27/20
[6] https://www.similarweb.com/top-websites/category/sports/fantasy-sports/
[7] https://www.similarweb.com/website/draftkings.com/#overview
[8] https://trends.google.com/trends/explore?geo=US&q=draft%20kings Feb 23-29, 2020 vs. Current Aug 2 – Aug 8, 2020
[9] https://www.legalsportsreport.com/42314/draftkings-illinois-sports-betting-market-access/
submitted by IAMB4TMAN to wallstreetbets [link] [comments]

Anonymity by State/Country: Comprehensive Global Guide III

Ever since i started playing regularly, i've researched anonymity in places. Here is what i have for each state plus a bunch of other countries. If anything is outdated or incorrect, please comment.
United States
Alabama: No current lottery. Source: https://www.wtvy.com/content/news/Lottery-bill-other-legislation-is-likely-dead-in-Alabama-legislature-569059451.html
Alaska: No current lottery/Not Anonymous. "Unlike most other states, Alaska doesn’t have a state-sponsored lottery." Source: https://www.lotterycritic.com/lottery-results/alaska/ Alaska does permit charities to run lotteries, the largest one is Not Anonymous. Source: http://www.lottoalaska.com/
Alaska's governor has proposed a bill to create an official Alaska State Lottery. Source: https://apnews.com/78cacca5137f6b47e41be2de37600044
American Samoa: No current lottery. Source: https://simonsblogpark.com/onlinegambling/simons-guide-to-gambling-in-american-samoa/amp/
Arizona: 100% Anonymous if requested by the winner for all wins of $100,000 and over. Source: https://www.nbcnews.com/news/us-news/arizona-becomes-latest-state-shield-lottery-winners-names-n995696
Arkansas: Not Anonymous/Other entities unclear. "Winner information is subject to disclosure under the Arkansas Freedom of Information Act (FOIA). A winner who receives a prize or prize payment from the ASL grants the ASL, its agents, officers, employees, and representatives the right to use, publish (in print or by means of the Internet) and reproduce the winner’s name, physical likeness, photograph, portraits, and statements made by the winner, and use audio sound clips and video or film footage of the winner for the purpose of press releases, advertising, and promoting the ASL". Source: https://www.myarkansaslottery.com/claim-your-prize
California: Not Anonymous/Only individuals can claim. “ The name and location of the retailer who sold you the winning ticket, the date you won and the amount of your winnings are also matters of public record and are subject to disclosure. You can form a trust prior to claiming your prize, but our regulations do not allow a trust to claim a prize. Understand that your name is still public and reportable”. Source: https://static.www.calottery.com/~/media/Publications/Popular_Downloads/winners-handbook-October%202018-%20English.pdf
Colorado: Not Anonymous/Anonymous via trust. “As part of the Open Records Act, we are required to release to the public your name, hometown, amount you won and the game you played. This information will be posted on coloradolottery.com and will be furnished to media upon request.” Source: https://www.coloradolottery.com/en/games/lotto/claim-winnings/ Source: https://denver.cbslocal.com/2016/01/15/in-colorado-and-other-states-lottery-winners-can-keep-names-secret/
Connecticut: Not Anonymous/Anonymous via a trust or LLC, "Certain information about our winners is public information: Winner's name and place of residence, date of claim, game played, prize amount won, and the selling retailer's name and location. While most winners claim prizes using their individual names, some winners come forward using other legal entities (i.e., trusts, business partnership) to claim their prizes. In those instances, the Lottery will promote the win using that legal entity's name. For more information about such instances, please consult your personal accountant or legal advisor.” Source: https://www.ctlottery.org/Content/winner_publicity.aspx
Delaware: 100% Anonymous if requested by winner. "Many winners have chosen to remain anonymous, as allowed by state law, but their excitement is yours to share!" Source: https://www.delottery.com/Winners and https://www.delottery.com/FAQs
DC: Not Anonymous/Anonymous via a trust or LLC. Anonymous question is not directly answered on lottery website. "In the District of Columbia, specific lottery winner information is public record." However, a Powerball Jackpot win was claimed via a LLC in 2009. Source: http://www.washingtonpost.com/wp-dyn/content/article/2009/05/04/AR2009050402008.html
Florida: Not Anonymous/Anonymous via LLC. "Florida Lottery winners cannot remain anonymous. Florida law mandates that the Florida Lottery provide the winner's name, city of residence, game won, date won and amount won to any third party who requests the information; however Florida Lottery winners' home addresses and telephone numbers are confidential." Source: http://www.flalottery.com/faq
The Florida Lottery allows trusts to claim it, however winner information is still released in compliance with the law. A $15 Million jackpot was claimed by an LLC. Source: https://www.fox13news.com/amp/consumehit-the-lottery-remain-anonymous-not-in-florida Source: http://flalottery.com/pressRelease?searchID=199128
Georgia: 100% Anonymous if requested by the winner for all prizes over $250,000. Source: https://www.stl.news/georgia-governor-signs-bill-allowing-lottery-winners-remain-anonymous/121962/
Guam: Anonymity appears to be an option. Source: https://www.kuam.com/story/11218413/guamanian-wins-big-in-sportsbingo-but-has-yet-to-claim-2m-prize
Hawaii: No current lottery. Source: https://www.kitv.com/story/40182224/powerball-or-mega-millions-lottery-in-hawaii
Idaho: Not Anonymous."By claiming a winning lottery ticket over $600, winners become subject to Idaho’s Public Records Law. This means your “win” becomes an offcial Idaho public record. Your full name, the town where you live, the game you won, the amount you won (before and after taxes), the name of the retailer where you bought the ticket, and the amount the retailer receives for selling the ticket are all a matter of public record." Can seek anonymity if you have specific security concerns (rarely granted). Source: https://www.idaholottery.com/images/uploads/general/winnersguideweb.pdf
Illinois: Not Anonymous/Anonymous if requested by winner for all wins over $250,000 however info will be released to a FOIA request. "However, Murphy also cooperated with the Illinois Press Association in adding an amendment that ensures that Freedom of Information Act, an act designed to keep government agencies transparent by allowing the public to access any public record by request, supersedes the privacy law, according to attorney Don Craven, the press association’s legal counsel." Source: https://www.thetelegraph.com/news/article/Hidden-riches-Big-lottery-winner-in-Beardstown-13626173.php
Indiana: Not Anonymous/Anonymous via LLC or trust. "Indiana law allows lottery jackpot winners to remain anonymous, with the money being claimed by a limited liability company or legal trust." Source: https://www.chicagotribune.com/nation-world/ct-indiana-mega-millions-winners-20160729-story.html
Iowa: Not Anonymous/Can use a trust to claim but information will be released. "When you win an Iowa Lottery prize of $600 or more, you have to fill out a winner claim form that includes your name, address and Social Security number before you can claim your winnings. Iowa law makes the information on that claim form public, meaning that anyone can request a copy of the form to see who has won the prize. We redact sensitive information, such as your Social Security number, from the form before we release it, but all other details are considered public information under Iowa law (Iowa Code Section 99G.34(5)." Source: https://www.ialotteryblog.com/2008/11/can-prize-winne.html.
For group play, "Prizes can be paid to players who play as a group. A check can be written to an entity such as a trust or to a single individual." Source: https://ialottery.com/pages/Games/ClaimingPrizes.aspx
Kansas: 100% Anonymous if requested by the winner. "Kansas is one of a handful of states that does not have this requirement. If you win a prize in Kansas, you may request that your identity not be released publicly." Source: https://www.kslottery.com/faqs#faq-8
Kentucky: Anonymity appears to be an option. Anonymity or who can claim is not addressed on lottery website. But multiple instances of winners claiming anonymously have been reported in the news. "Kentucky Lottery spokesman Chip Polson said the $1 million Powerball winner claimed the prize on May 15 and the Mega Million winner claimed the prize on May 12. He confirmed that both players wanted their identity to remain a secret." Source: https://www.courier-journal.com/story/news/local/2017/05/19/two-1-million-lottery-winners-who-bought-tickets-louisville-want-privacy/101870414/
Louisiana: Not Anonymous/Anonymous via trust. "Under the Lottery's statute, all prize payment records are open records, meaning that the public has a right to request the information. Depending upon the amount won and public or media interest in the win, winners may NOT be able to remain anonymous. The statute also allows the Lottery to use winners' names and city of residence for publicity purposes such as news releases. The Lottery's regular practice is not to use winner information in paid advertising or product promotion without the winner's willingness to participate. Source: https://louisianalottery.com/faq/easy-5#35 Source: https://louisianalottery.com/article/1050/the-williams-trust-claims-share-of-50-million-powerball-jackpot
Maine: Not Anonymous/Anonymous via trust. "In the event that Maine does have a Mega Millions winner, he or she can opt to remain anonymous — but Boardman says that’s never happened. “What a winner could do in Maine is they could file their claim in the name of a trust, and the trust becomes the winner. So that’s how a winner could claim their ticket anonymously,” he says." Source: https://www.mainepublic.org/post/lottery-official-reminds-mainers-they-re-exceedingly-unlikely-win-16-billion-jackpot
Maryland*: Not Anonymous by Law, Anonymous in Practice. "However, the legal basis for this anonymity in Maryland is thin. The Maryland Lottery does not advertise that lottery winners may remain anonymous, but it posts articles on its website about winners and notes those winners who have “chosen to remain anonymous:” Source: https://www.gw-law.com/blog/anonymity-maryland-lottery-winners
*"Please note that this anonymity protection does not apply to second-chance and Points for Drawings contests run through the My Lottery Rewards program. Those contests are run as promotions for the Lottery. As such, they are operated under a different set of rules than our draw games and scratch-off games. The rules of participating in our second-chance and Points for Drawings contests state that winners' identities are published."" Source: https://www.mdlottery.com/about-us/faqs/
Massachusetts: Not Anonymous/Anonymous via trust "Lottery regulations state that a claimant's name, city or town, image, amount of prize, claim date and game are public record. Therefore, photographs may be taken and used to publicize winnings." Source: https://www.masslive.com/news/2018/05/lottery_sees_increase_in_winne.html
Michigan: Not Anonymous for Powerball and Mega Millions/100% Anonymous if requested by the winner for all other winners over $10,000. "Winner Anonymity. Michigan law requires written consent before disclosing the identity of the winner of $10,000 or more from the State lottery games Lotto47 and Fantasy 5. You further understand and agree that your identity may be disclosed, and that disclosure may be required, as the winner of any prize from the multi-state games Powerball and Mega Millions." Source: https://www.michiganlottery.com/games/mega-millions
Minnesota: Not Anonymous. Anonymity or who can claim is not addressed on lottery website but lottery blog states "In Minnesota, lottery winners cannot remain anonymous. A winner's name, city, prize amount won and the place that the winning ticket was sold is public data and will be released to media and posted on our website." Source: https://www.mnlottery.com/blog/you-won-now-what
Mississippi: 100% Anonymous if requested by the winner. "In accordance with the Alyce G. Clarke Mississippi Lottery Law, the Mississippi Lottery will not disclose the identity of the person holding a winning lottery ticket without that person's written permission." Source: https://www.mslotteryhome.com/players/faqs/
Missouri: Not Anonymous. "At the Lottery Headquarters, a member of the Lottery's communications staff will ask you questions about your win, such as how many tickets you bought, when you found out that you won and what you plan to do with your prize money. This information will be used for a news release. You will also be asked, but are not required, to participate in a news conference, most likely at the store where you purchased your winning ticket." Source: http://www.molottery.com/whenyouwin/jackpotwin.shtm
A Missouri State Legislator has submitted a bill to the State House to give lottery winners anonymity. Source: https://www.kfvs12.com/2020/02/25/mo-house-considers-legislation-protect-identity-lottery-winners/
Montana: Not Anonymous/Anonymous via trust. "In Montana, by law, certain information about lottery winners is considered public. That information includes: the winner's name, the amount won and the winner's community of residence. Winners may choose to claim as an individual or they may choose to form a trust and claim their prize as a trust. If a trust claims a lottery prize, the name of the trust is considered public information. A trust must have a federal tax identification number in order to claim a Montana Lottery prize." Source: https://www.montanalottery.com/en/view/about-faqs
Nebraska: Not Anonymous/Anonymous via LLC. Anonymity or who can claim is not addressed on lottery website but a winner created a legal entity to claim anonymously in 2014. "Nebraska Lottery spokesman Neil Watson said with the help of a Kearney lawyer, the winner or winners have created a legal entity called Carpe Diem LLC." Source: https://journalstar.com/news/state-and-regional/nebraska/m-nebraska-powerball-winner-to-remain-anonymous/article_a044d0f0-99a7-5302-bcb9-2ce799b3a798.html
A Nebraska State Legislator has now filed a bill to give 100% Anonymity to all winners over $300,000 who request it. Source: https://journalstar.com/news/state-and-regional/nebraska/anonymity-for-lottery-winners-bill-would-give-privacy-to-those/article_1cdba44d-c8bb-5971-b73f-2eecc8cd4625.html
Nevada: No current lottery. Source: https://www.reviewjournal.com/business/casinos-gaming/heres-why-you-cant-play-powerball-in-nevada/
New Hampshire: Not Anonymous/Anonymous via a trust. Anonymity or who can claim is not addressed on lottery website but a winner successfully sued the lottery and won the right to remain anonymous in 2018. Source: https://www.washingtonpost.com/news/post-nation/wp/2018/03/12/winner-of-a-560-million-powerball-jackpot-can-keep-the-money-and-her-secret-judge-rules/?noredirect=on&utm_term=.bec2db2f7d2c
New Jersey: 100% Anonymous if requested by the winner. Source: https://www.nj.com/politics/2020/01/win-big-you-can-claim-those-nj-lottery-winnings-anonymously-under-new-law.html
New Mexico: Not Anonymous. “Winners of $10,000 or more will have name, city, game played, and prize amount and photo on website.” Can seek anonymity if you have specific security concerns (rarely granted). Source: https://www.nmlottery.com/uploads/FileLinks/82400d81a0ce468daab29ebe6db3ec27/Winner_Publicity_Policy_6_1_07.pdf
New York: Not Anonymous/Anonymous via a LLC. Anonymity or who can claim is not addressed on lottery website but per Gov. Cuomo: "For the past 40 years, individuals wishing to keep their name and information out of the public view have created LLCs to collect their winnings for them." Source: https://nypost.com/2018/12/09/cuomo-vetoes-bill-allowing-lotto-winners-to-remain-anonymous/
North Carolina: Not Anonymous. "North Carolina law allows lottery winners' identity to remain confidential only if they have an active protective order against someone or participate in the state's "Address Confidentiality Program" for victims of domestic violence, sexual offense, stalking or human trafficking." Source: https://www.charlotteobserver.com/news/local/article54548645.html
North Dakota: 100% Anonymous if requested by the winner. Source: https://www.kfyrtv.com/home/headlines/ND-Powerball-Winners-Have-Option-to-Remain-Anonymous-364918121.html
Northern Mariana Islands: 100% Anonymous if requested by the winner. Source: https://www.nmsalottery.com/game-rules/
Ohio: Not Anonymous/Anonymous via trust. Anonymity or who can claim is not addressed on lottery website but appears to have an anonymous option. "The procedure from there was a little cumbersome. I needed to create two separate trusts. One trust was to appoint me, as the trustee on behalf of the winner, to contact the Lottery Commission and accept the Lottery winnings. The secondary trust was set up for me as trustee of the first trust, to transfer the proceeds to the second trust with the winner as the beneficiary. This enabled me to present the ticket, accept the proceeds, and transfer it to the winner with no public record or disclosure." Source: https://www.altickcorwin.com/Articles/How-To-Claim-Lottery-Winnings-Anonymously.shtml
Oklahoma: Not Anonymous/Anonymous via trust or LLC. In accordance with the Oklahoma Open Records Act and the Oklahoma Education Lottery Act, the name of any individual, corporation, partnership, unincorporated association, limited liability company, or other legal entity, and their city of residence will be made public. Source: https://www.lottery.ok.gov/playersclub/faq.asp Source: https://oklahoman.com/article/5596678/lottery-winners-deserve-some-anonymity
Oregon: Not Anonymous. "No. Certain information about Lottery prizes is public record, including the name of the winner, amount of the prize, date of the drawing, name of the game played and city in which the winning ticket was purchased. Oregon citizens have a right to know that Lottery prizes are indeed being awarded to real persons. " Source: https://oregonlottery.org/about/public-interaction/commission-directofrequently-asked-questions Can seek anonymity if you have specific security concerns (rarely granted). Source: https://www.dailymail.co.uk/news/article-3353432/Man-living-Iraq-wins-6-4-million-Oregon-jackpot.html
Pennsylvania: Not Anonymous/Anonymous via trust. Source: https://lancasteronline.com/news/local/trust-that-won-powerball-no-relation-to-manheim-township-emerald/article_29834922-4ca2-11e8-baac-1b15a17f3e9c.html
Puerto Rico: 100% Anonymous if requested by the winner. Source: https://www.nbcnews.com/news/latino/puerto-rico-powerball-winner-claims-prize-chooses-stay-anonymous-n309121
Rhode Island: Not Anonymous/Anonymous if requested but all info is subject to FOIA. "While the Lottery will do everything possible to keep a winner's information private if requested by the winner, in Rhode Island and most other states, this information falls under the Freedom of Information Act, and a winner's name and city or town of residency must be released upon request." Source: https://www.rilot.com/en-us/player-zone/faqs.html
South Carolina: 100% Anonymous if requested by the winner. Anonymity or who can claim is not addressed on lottery website but appears to have an anonymous option based on prior winners. Source: https://myfox8.com/2019/03/15/the-anonymous-south-carolina-winner-of-the-largest-lottery-jackpot-is-donating-part-of-it-to-alabama-tornado-victims/
South Dakota: Not Anonymous for draw games and online games/100% Anonymous for Scratchoffs if requested by the winner. "You can remain anonymous on any amount won from a scratch ticket game. Jackpots for online games are required to be public knowledge. Play It Again winners are also public knowledge." Source: https://lottery.sd.gov/FAQ2018/gamefaq.aspx.
Tennessee: Not Anonymous/Can use a trust but info subject to open records act. Anonymity is explicitly noted as not being allowed on the official lottery website. Source: https://www.tnlottery.com/faq/i-won
However if it is claimed via a trust then the lottery will not give out your information unless requested to do so. "The TN lottery says: "When claiming a Lottery prize through a Trust, the TN Lottery would need identity documentation for the grantor and all ultimate beneficiaries. Once we are in possession of these documents and information, records are generated. If a formal request is made by a citizen of Tennessee, the Trust beneficiary's name, city and state must be made available under the Tennessee Open Records Act." Source: https://www.avvo.com/legal-answers/in-tennessee--can-a-lottery-jackpot-be-claimed-whi-2327592.html
Texas: 100% Anonymous if requested by the winner for $1 million or more IF the winner claims it as an individual AND chooses the Cash option. Not Anonymous if claimed by a trust or LLC or if the winner chooses the Annuity option. Source: https://www.txlottery.org/export/sites/lottery/Documents/retailers/FAQ_Winner_Anonymity_12112017_final.pdf
Utah: No current lottery. Source: https://www.lotterycritic.com/lottery-results/utah/
Vermont: Not Anonymous/Anonymous via trust. “The name, town and prize amount on your Claim Form is public information. If you put your name on the Claim Form, your name becomes public information. If you claim your prize in a trust, the name of the trust is placed on the Claim Form, and the name of the trust is public information.” Source: https://vtlottery.com/about/faq
Virginia: 100% Anonymous if requested by the winner for prizes over $10 million. "A new law passed by the Virginia General Assembly and signed by the Governor prohibits the Virginia Lottery from disclosing information about big jackpot winners." "When the bill goes into effect this summer, the Virginia Lottery will not be allowed to release certain information about winners whose prize exceeds $10 million, unless the winner wants to be known." Source: https://www.13newsnow.com/article/news/local/virginia/new-virginia-law-allows-certain-lottery-winners-to-keep-identity-private/291-c33ea642-e8fa-45fd-b3a4-dc693cf5b372
US Virgin Islands: Anonymity appears to be an option. A $2 Million Powerball winner was allowed to remain anonymous. Source: https://viconsortium.com/virgin-islands-2/st-croix-resident-wins-2-million-in-latest-power-ball-drawing/
Washington: Not Anonymous/Can use a trust but info subject to open records act. "As a public agency, all documents held by Washington's Lottery are subject to the Public Records Act. Lottery prizes may be claimed in the name of a legally formed entity, such as a trust. However, in the event of a public records request, the documents forming the artificial entity may be released, thereby revealing the individual names of winners." https://www.walottery.com/ClaimYourPrize/
West Virginia: 100% Anonymous if requested by the winner for prizes over $1 million and 5% of winnings remittance. "Effective January 1, 2019, House Bill 2982 allows winners of State Lottery draw games to remain anonymous in regards to his or her name, personal contact information, and likeness; providing that the prize exceeds one million dollars and the individual who elects to remain anonymous remits five percent of his or her winnings to the State Lottery Fund." Source: https://wvlottery.com/customer-service/customer-resources/
Wisconsin: Not Anonymous/Cannot be claimed by other entities. "Pursuant to Wisconsin’s Open Records law (Wis. Stats. Secs. 19.31–19.39), the Lottery is required to disclose a winner’s name, likeness and place of residence. If you win and claim a prize, the Lottery may use your name, likeness and place of residence for any purpose without compensation to you.
Upon claiming your prize, you waive any claims against the Lottery and its representatives for any and all liability which may result from the disclosure or use of such information." "The original winning ticket must be signed by a single human being. For-profit and non-profit entities, trusts, and other non-human beings are not eligible to play or claim a prize." Source: https://wilottery.com/claimprize.aspx
Wyoming: 100% Anonymous if requested by the winner. "We will honor requests for anonymity from winners. However, we certainly hope winners will allow us to share their names and good news with other players." Source: https://wyolotto.com/lottery/faq/
Other countries
Australia: 100% Anonymous if requested by winner. "The great thing about playing lotto in Australia is that winners can choose to remain anonymous and keep their privacy, unlike in the United States where winners don't have such a choice, and are often thrown into a media circus." Source: https://www.ozlotteries.com/blog/how-to-remain-anonymous-when-you-win-lotto/
Bahamas: No current lottery. Source: https://thenassauguardian.com/2013/01/29/strong-no-vote-trend-so-far-in-gaming-referendum/
Bahrain: Not Anonymous. Source: https://bdutyfree.com/terms-conditions1#.X8ru92lOmdM
Barbados: Not Anonymous. "No. Barbados Lottery winners cannot remain anonymous. The Barbados Lottery mandates the winner’s name, address, game won, date won and amount won be provided; however Barbados Lottery winners' home addresses and telephone numbers are confidential." Source: https://www.mybarbadoslottery.com/faqs
Brazil: 100% Anonymous if requested by the winner. Source: https://www.lotterycritic.com/lottery-results/brazil-lottery/
Canada: Not Anonymous. Every provincial lottery corporation in Canada requires winners to participate in a publicity photo shoot showing their face, their name and their municipality. Can seek anonymity if you have specific security concerns (rarely granted). Source: https://consumers.findlaw.ca/article/can-lottery-winners-remain-anonymous/
Carribbean Lottery Countries (Antigua/Barbuda, Anguilla, St. Kitts/Nevis, St. Maarten/Saba/St. Eustatius, and Turks/Caicos): Not Anonymous. "No. Caribbean Lottery winners cannot remain anonymous. The Caribbean Lottery mandates the winner’s name, address, game won, date won and amount won be provided; however Caribbean Lottery winners' home addresses and telephone numbers are confidential." Source: https://www.thecaribbeanlottery.com/faqs
China: 100% Anonymous if requested by the winner. Must appear in a press conference and photo but allowed to wear disguise. Source: https://www.usatoday.com/story/news/world/2015/01/22/china-lottery-winners-mask/22108515/
Cuba: No current lottery. Source: https://oncubanews.com/en/cuba/society-cuba/cuban-traditions/lottery-the-national-game-infographics/
EuroMillions Countries (Austria, Belgium, France, Ireland, Luxembourg, Portugal, Spain, Switzerland, and UK*): 100% Anonymous if requested by the winner. Source: https://www.euro-millions.com/publicity
*United Kingdom: Excludes
*Caymen Islands, and Falkland Islands: No current lottery. Source: https://calvinayre.com/2018/11/02/business/cayman-islands-move-illegal-gambling-doesnt-address-real-issue/ Source: https://simonsblogpark.com/onlinegambling/simons-guide-gambling-falkland-islands/amp/#lottery-falkland-islands
*Anguilla, and Turks & Caicos: Not Anonymous. Source: https://www.thecaribbeanlottery.com/faqs
EuroJackpot Countries (Croatia, Czechia, Denmark, Estonia, Finland, Germany, Hungary, Iceland, Italy, Latvia, Lithuania, Netherlands*, Norway, Poland, Slovakia, Slovenia, Spain, and Sweden): 100% Anonymous if requested by the winner. Source: https://www.euro-jackpot.net/en/publicity
*Netherlands: Excludes
*St. Maarten, Saba, and St. Eustatius: Not Anonymous. Source: https://www.thecaribbeanlottery.com/faqs
Fiji: 100% Anonymous if requested by the winner. Source: https://fijisun.com.fj/2012/11/08/3m-lotto-win-here/
Georgia (Kartvelia): Anonymity appears to be an option. "2.9.1. Prizes and Winners. Each Bidder shall provide details of:....how winners who waive their right to privacy will be treated;" Source: https://mof.ge/images/File/lottery/tender-documentation.pdf
Greece: Anonymity appears to be an option. "The bearer of the ticket shall keep the details of the ticket confidential and not reveal them to any third party." Source: https://www.opap.gen/identity-terms-of-use-lotto
Guyana: Not Anonymous. Source: https://www.kaieteurnewsonline.com/2013/05/16/winner-says-he-was-too-busy-to-collect-78m-lotto-prize/
India*: Not Anonymous. Source: https://www.bbc.com/news/world-asia-35771298
*: Only available in the states of Kerala, Goa, Maharashtra, Madhya Pradesh, Punjab, West Bengal, Assam, Arunachal Pradesh, Meghalaya, Manipur, Sikkim, Nagaland and Mizoram. Source: https://www.indiatoday.in/india/story/lottery-mizoram-nagaland-sikkim-kerala-975188-2017-05-04
Indonesia: No current lottery. Source: https://apnews.com/45eb94ff1b1132470a7aa5902f0bc734
Israel: Not Anonymous by Law, Anonymous in Practice. “[A]lthough we have this right, we have never exercised it because we understood the difficulties the winners could encounter in the period after their win. We provide details about the winner, but in a manner that doesn’t disclose their identity,” Dolin Melnik, then-spokesperson for Israel’s Mifal Hapayis lottery told Haaretz in 2009." Source: https://www.timesofisrael.com/why-the-israeli-lottery-gives-winners-masks/
Jamaica: Not Anonymous. First initial and last name of winner was released but winner was allowed to wear a mask for photo. Source: https://news.e-servicis.com/news/trending/lottery-winner-takes-prize-in-scream-mask.1S/
Japan: 100% Anonymous if requested by the winner. Source: https://www.japantimes.co.jp/news/2017/09/08/business/japans-lottery-rakes-declining-revenues-younger-generation-gives-jackpot-chances-pass/#.XRYwVVMpCdM
Kenya: Not Anonymous. "9.1 When You claim or are paid a prize, You will automatically be deemed to grant to O8 LOTTO an irrevocable right to publish, through all types of media broadcasting, including the internet, for the purposes of promoting the win, Your full name (as well as Your nick name), hometown, photograph and video materials without any claim for broadcasting, printing or other rights" Source: https://mylottokenya.co.ke/terms-conditions
Malaysia: 100% Anonymous if requested by the winner. Source: https://says.com/my/news/a-24-year-old-malaysian-woman-just-won-more-than-rm4-million-from-4d-lottery
Nagorno-Karabakh: Not Anonymous. Source: http://asbarez.com/120737/artsakh-lottery-winner-claims-car-prize/
New Zealand: 100% Anonymous if requested by winner. Source: https://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10383080
North Korea: Not Anonymous. Source: https://www.nknews.org/2018/11/north-korean-sports-ministry-launches-online-lottery/
Northern Cyprus: Anonymity appears to be an option. Source: https://www.pressreader.com/cyprus/cyprus-today/20181124/281590946615912
Oman: 100% Anonymous if requested by the winner. Source: http://www.omanlottery.com/
Philippines: 100% Anonymous if requested by the winner. Source: https://www.rappler.com/nation/214995-ultra-lotto-winners-claim-winnings-pcso-october-2018
Qatar: Not Anonymous. Source: https://www.qatarliving.com/forum/qatar-living-lounge/posts/qatar-duty-free-announces-latest-us1-million
Romania: Anonymity appears to be an option. Source: https://www.thelotter.com/win-lottery-anonymously/
Russia: 100% Anonymous if requested by the winner. Source: http://siberiantimes.com/otheothers/news/siberian-scoops-a-record-184513512-roubles-on-russian-state-lottery/
Samoa: Not Anonymous. Source: https://www.rnz.co.nz/international/pacific-news/191796/samoa%27s-lotto-winner-still-a-mystery
Saudi Arabia: No current lottery. Source: https://www.arabnews.com/police-arrest-lottery-crooks-victimizing-expats
Singapore: Anonymity appears to be an option. Source: https://www.straitstimes.com/singapore/did-you-win-here-are-results-of-136m-toto-hongbao-draw
Solomon Islands: No current lottery. Source: http://www.paclii.org/sb/legis/consol_act/gala196/
South Africa: 100% Anonymous if requested by the winner. Source: https://www.thesouthafrican.com/powerball-results/powerball-winner-r232-million-found-lottery-details/
South Korea: 100% Anonymous if requested by the winner. Source: https://elaw.klri.re.keng_mobile/viewer.do?hseq=38378&type=sogan&key=5
Sri Lanka: Anonymity appears to be an option. Source: http://www.thesundayleader.lk/2010/01/31/where-do-all-the-lottery-winners-go/
Taiwan: 100% Anonymous if requested by the winner. Source: http://m.focustaiwan.tw/news/asoc/201806250011.aspx
Trinidad and Tobago: Anonymity appears to be an option. Source: https://trinidadexpress.com/news/local/student-wins-the-million-lotto/article_3f3c8550-570d-11e9-9cc3-b7550f9b4ad4.html
Tuvalu: No current lottery. Source: http://tuvalu-legislation.tv/cms/images/LEGISLATION/PRINCIPAL/1964/1964-0004/GamingandLotteries_1.pdf
United Arab Emirates: Not Anonymous. Source: https://www.ndtv.com/indians-abroad/shojith-ks-in-sharjah-uae-wins-abu-dhabi-duty-free-big-ticket-4-million-jackpot-rejects-calls-2032942
Vatican City: Anonymity appears to be an option. Source: https://cruxnow.com/vatican/2018/12/04/popes-white-lamborghini-up-for-raffle-winner-gets-trip-to-rome/
Vietnam: Anonymity appears to be an option. Source: https://ampe.vnexpress.net/news/news/vietnamese-farmer-identified-as-winner-of-4-million-lottery-jackpot-3484751.html
Windward Lottery Countries (Dominica, Grenada, Saint Lucia, Saint Vincent and the Grenadines): Not Anonymous. "Prize winners asked to do so by Winlot must give their name and address, and satisfactory establish their identity. All winners of the Jackpot (Match 6) prize will be photographed. Note that Winlot and CBN reserve the right to publish the names, addresses and photographs of all the winners." Source: http://www.stlucialotto.com/snl/super6_rules_regs.php
submitted by Kingofearth23 to LotteryLaws [link] [comments]

IL, USA - Is it legal for IDHS or any welfare agency to use random number generators to determine placement in job aid programs? Also harassment from survey company.

There's two parts to this, the first part is Illinois Department of Human Services and a job placement program they had started a couple years ago, and the second is some persistent harassment I'm experiencing from Mathematica Policy Research, who are doing "follow up surveys" for people who were interested in that job placement program.
The first part, IDHS using random number generators for placement in a job training and placement program. My roommate mentioned to me yesterday when I was telling her about the harassment from MPR that it is illegal for a government agency to make decisions at random or using lottery draw, and all decisions must be made with intent. She's not a lawyer, and I don't seem to be having any luck with my google searching since I just keep getting lottery/gambling related law stuff. I want to know if this is true, and if this has any bearing on my circumstances and if I have the ability to push for legal compensation.
The job placement program I can no longer remember the name of was posited like this: Illinois could no longer drag their feet on the work requirements for SNAP, so they decided to offer a "test run" of a new job training program that you could apply for if you were interested, and you would take part in job skills training which would lead to certification and job placement, and that would replace your usual job searching/application requirements to continue receiving SNAP benefits. I was extremely interested in this program, because the kinds of things that were on offer were training in welding, machining, and woodworking, and other trade skills in high demand in the area.
I went through the orientation and there were some forms and questions to fill out on a computer that was designed to help you choose what you were going to do for your job skill training course. Afterwards, I was taken to a desk in the same room to talk with a case worker, and she filled out the application form on her computer, and told me my placement was dependent upon a random number generator, supposedly to remove bias. She also said if I did not get in due to the random number generator, that I was prohibited from applying to the program again for a minimum of two years. I did not get into the program.
I have no proof that this was truly a random number generator, and I don't even know if I could prove anyone got placement. I have no other information aside from what I was told and what I saw on her screen. I was devastated, but aside from that, had to do the usual "show up every month with 10 'job contacts' to keep getting my benefits, despite working a 20hr a week job, because 20hrs was no longer sufficient to qualify me for not having to seek other employment. They also cut my monthly SNAP from the full $200 to a pittance of $30. I stopped recertifying because there was no point.
As part of the application process, you agree to being contacted by Mathematica Policy Research about "voluntary" surveys so they can gauge the effectiveness of the new program compared to the traditional job search requirements. One was 6-12 months from the date of application, the other was 2 years. They offer $40 gift cards in exchange for your participation, so at the time I agreed and did the first survey. It was mostly asking if I was able to get work, if that was related to my SNAP job contacts requirement, and if I was still receiving benefits.
Apparently it's come time for round two of the survey, because they contacted at the start of September this year. I agreed to do the survey and then they told me it would take 30 minutes to complete over the phone. After answering some very invasive and personal questions about my employment status and other things, I just decided to hang up and not complete the survey. They called back a few times and I eventually just ignored the calls since the call quality was so bad they couldn't hear me tell them I wasn't interested.
My phone also has an issue where often when people call me it goes straight to voicemail even if I have full signal and it's on, etc, and when I finally checked my voicemail a couple weeks later I had eleven missed calls from them asking me to complete the survey. They had also started to send me emails. This feels way too pushy for a survey that is supposedly voluntary, and my repeated ignoring of their calls should have been enough to indicate that I don't want them calling me. I blocked their number and they called from another number. They also sent me physical mail, and at that point I threatened to seek legal action against them for harassment, though I'm not sure it fits the legal definition, I just wanted them to stop contacting me. Then my mom messaged me saying they called her and left her a voicemail, because apparently she was listed as my emergency contact.
It seems really creepy that they'd start harassing my family members to get me to complete a survey that is voluntary AFTER I told them to fuck off. I want them to stop, and I want to know if I have the ability to take legal action here. I can't be the only one who's being harassed by these guys, and I can't be the only person who was rejected from this job placement program that could have benefited greatly from it. If I have no legal grounds that kind of sucks but I also would like to know if anyone has advice to get this survey company to get off my back and leave me the hell alone.
submitted by noibataboo to legaladvice [link] [comments]

Tennessee sports betting to go live on 1 November

“On Tuesday, Tennessee Education Lottery (TEL) CEO Rebecca Hargrove said it is aiming to launch the state’s sports betting market by 1 November at the latest.
This means that Tennessee residents will be able to legally bet on sports during the upcoming football season.
Sports betting became legal in Tennessee in May 2019 and since then, Colorado, Illinois, Iowa, Michigan, Montana and New Hampshire all managed to legalise and launch their sports betting markets.
Licensing updates
During Tuesday’s Sports Wagering Advisory Council meeting, Hargrove revealed that four operators and approximately 20 vendors and suppliers have applied for licenses. The names of the operators were not disclosed; however, media sources say that BetMGM, DraftKings and FanDuel have applied for a license. The fourth company is Tennessee Action 24/7, a local Tennessee company that offers free-to-play games.
On Tennessee Action 24/7’s website, a message says that the TEL is “currently processing our Sports Gaming Operator license application.”
In its latest quarterly report, MGM resorts revealed that it currently has market access and plans to launch sports betting operations in Tennessee later this year.
Online sports betting only
Unlike other states with legal betting, Tennessee’s sports betting laws only permit online and mobile sports betting. Tennessee is the only state to legalise online-only sports wagering, which makes it an outlier in the wider US gambling market.”
https://www.compare.bet/news/tennessee-sports-betting-to-go-live-on-1-november
submitted by gms2912 to wallstreetbets [link] [comments]

Tennessee sports betting to go live on 1 November

“On Tuesday, Tennessee Education Lottery (TEL) CEO Rebecca Hargrove said it is aiming to launch the state’s sports betting market by 1 November at the latest.
This means that Tennessee residents will be able to legally bet on sports during the upcoming football season.
Sports betting became legal in Tennessee in May 2019 and since then, Colorado, Illinois, Iowa, Michigan, Montana and New Hampshire all managed to legalise and launch their sports betting markets.
Licensing updates
During Tuesday’s Sports Wagering Advisory Council meeting, Hargrove revealed that four operators and approximately 20 vendors and suppliers have applied for licenses. The names of the operators were not disclosed; however, media sources say that BetMGM, DraftKings and FanDuel have applied for a license. The fourth company is Tennessee Action 24/7, a local Tennessee company that offers free-to-play games.
On Tennessee Action 24/7’s website, a message says that the TEL is “currently processing our Sports Gaming Operator license application.”
In its latest quarterly report, MGM resorts revealed that it currently has market access and plans to launch sports betting operations in Tennessee later this year.
Online sports betting only
Unlike other states with legal betting, Tennessee’s sports betting laws only permit online and mobile sports betting. Tennessee is the only state to legalise online-only sports wagering, which makes it an outlier in the wider US gambling market.”
https://www.compare.bet/news/tennessee-sports-betting-to-go-live-on-1-november
submitted by gms2912 to stocks [link] [comments]

Meta: Congratulations! You just won millions of dollars in the lottery!

Congratulations! You just won millions of dollars in the lottery! That's great.
Now you're fucked.
No really.
You are.
You're fucked.
If you just want to skip the biographical tales of woe of some of the math-tax protagonists, skip on down to the next comment. To see what to do in the event you win the lottery.
You see, it's something of an open secret that winners of obnoxiously large jackpots tend to end up badly with alarming regularity. Not the $1 million dollar winners. But anyone in the nine-figure range is at high risk. Eight-figures? Pretty likely to be screwed. Seven-figures? Yep. Painful. Perhaps this is a consequence of the sample. The demographics of lottery players might be exactly the wrong people to win large sums of money. Or perhaps money is the root of all evil. Either way, you are going to have to be careful. Don't believe me? Consider this:
Large jackpot winners face double digit multiples of probability versus the general population to be the victim of:
1. Homicide (something like 20x more likely)
2. Drug overdose
3. Bankruptcy (how's that for irony?)
4. Kidnapping
And triple digit multiples of probability versus the general population rate to be:
1. Convicted of drunk driving
2. The victim of Homicide (at the hands of a family member) 120x more likely in this case, ain't love grand?
3. A defendant in a civil lawsuit
4. A defendant in felony criminal proceedings
Believe it or not, your biggest enemy if you suddenly become possessed of large sums of money is... you. At least you will have the consolation of meeting your fate by your own hand. But if you can't manage it on your own, don't worry. There are any number of willing participants ready to help you start your vicious downward spiral for you. Mind you, many of these will be "friends," "friendly neighbors," or "family." Often, they won't even have evil intentions. But, as I'm sure you know, that makes little difference in the end. Most aren't evil. Most aren't malicious. Some are. None are good for you.
Jack Whittaker, a Johnny Cash attired, West Virginia native, is the poster boy for the dangers of a lump sum award. In 2002 Mr. Whittaker (55 years old at the time) won what was, also at the time, the largest single award jackpot in U.S. history. $315 million. At the time, he planned to live as if nothing had changed, or so he said. He was remarkably modest and decent before the jackpot, and his ship sure came in, right? Wrong.
Mr. Whittaker became the subject of a number of personal challenges, escalating into personal tragedies, complicated by a number of legal troubles.
Whittaker wasn't a typical lottery winner either. His net worth at the time of his winnings was in excess of $15 million, owing to his ownership of a successful contracting firm in West Virginia. His claim to want to live "as if nothing had changed" actually seemed plausible. He should have been well equipped for wealth. He was already quite wealthy, after all. By all accounts he was somewhat modest, low profile, generous and good natured. He should have coasted off into the sunset. Yeah. Not exactly.
Whittaker took the all-cash option, $170 million, instead of the annuity option, and took possession of $114 million in cash after $56 million in taxes. After that, things went south.
Whittaker quickly became the subject of a number of financial stalkers, who would lurk at his regular breakfast hideout and accost him with suggestions for how to spend his money. They were unemployed. No, an interview tomorrow morning wasn't good enough. They needed cash NOW. Perhaps they had a sure-fire business plan. Their daughter had cancer. A niece needed dialysis. Needless to say, Whittaker stopped going to his breakfast haunt. Eventually, they began ringing his doorbell. Sometimes in the early morning. Before long he was paying off-duty deputies to protect his family. He was accused of being heartless. Cold. Stingy.
Letters poured in. Children with cancer. Diabetes. MS. You name it. He hired three people to sort the mail. A detective to filter out the false claims and the con men (and women) was retained.
Brenda, the clerk who had sold Whittaker the ticket, was a victim of collateral damage. Whittaker had written her a check for $44,000 and bought her house, but she was by no means a millionaire. Rumors that the state routinely paid the clerk who had sold the ticket 10% of the jackpot winnings hounded her. She was followed home from work. Threatened. Assaulted.
Whittaker's car was twice broken into, by trusted acquaintances who watched him leave large amounts of cash in it. $500,000 and $200,000 were stolen in two separate instances. The thieves spiked Whittaker's drink with prescription drugs in the first instance. The second incident was the handiwork of his granddaughter's friends, who had been probing the girl for details on Whittaker's cash for weeks.
Even Whittaker's good-faith generosity was questioned. When he offered $10,000 to improve the city's water park so that it was more handicap accessible, locals complained that he spent more money at the strip club. (Amusingly this was true).
Whittaker invested quite a bit in his own businesses, tripled the number of people his businesses employed (making him one of the larger employers in the area) and eventually had given away $14 million to charity through a foundation he set up for the purpose. This is, of course, what you are "supposed" to do. Set up a foundation. Be careful about your charity giving. It made no difference in the end.
To top it all off, Whittaker had been accused of ruining a number of marriages. His money made other men look inferior, they said, wherever he went in the small West Virginia town he called home. Resentment grew quickly. And festered. Whittaker paid four settlements related to this sort of claim. Yes, you read that right. Four.
His family and their immediate circle were quickly the victims of odds-defying numbers of overdoses, emergency room visits and even fatalities. His granddaughter, the eighteen year old "Brandi" (who Whittaker had been giving a $2100.00 per week allowance) was found dead after having been missing for several weeks. Her death was, apparently, from a drug overdose, but Whittaker suspected foul play. Her body had been wrapped in a tarp and hidden behind a rusted-out van. Her seventeen year old boyfriend had expired three months earlier in Whittaker's vacation house, also from an overdose. Some of his friends had robbed the house after his overdose, stepping over his body to make their escape and then returning for more before stepping over his body again to leave. His parents sued for wrongful death claiming that Whittaker's loose purse strings contributed to their son's death. Amazingly, juries are prone to award damages in cases such as these. Whittaker settled. Again.
Even before the deaths, the local and state police had taken a special interest in Whittaker after his new-found fame. He was arrested for minor and less minor offenses many times after his winnings, despite having had a nearly spotless record before the award. Whittaker's high profile couldn't have helped him much in this regard.
In 18 months Whittaker had been cited for over 250 violations ranging from broken tail lights on every one of his five new cars, to improper display of renewal stickers. A lawsuit charging various police organizations with harassment went nowhere and Whittaker was hit with court costs instead.
Whittaker's wife filed for divorce, and in the process froze a number of his assets and the accounts of his operating companies. Caesars in Atlantic City sued him for $1.5 million to cover bounced checks, caused by the asset freeze.
Today Whittaker is badly in debt, and bankruptcy looms large in his future.
But, hey, that's just one example, right?
Wrong.
Nearly one third of multi-million dollar jackpot winners eventually declare bankruptcy. Some end up worse. To give you just a taste of the possibilities, consider the fates of:
So, what the hell DO you do if you are unlucky enough to win the lottery?
This is the absolutely most important thing you can do right away: NOTHING.
Yes. Nothing.
DO NOT DECLARE YOURSELF THE WINNER yet.
Do NOT tell anyone. The urge is going to be nearly irresistible. Resist it. Trust me.
1. IMMEDIATELY retain an attorney.
Get a partner from a larger, NATIONAL firm. Don't let them pawn off junior partners or associates on you. They might try, all law firms might, but insist instead that your lead be a partner who has been with the firm for awhile. Do NOT use your local attorney. Yes, I mean your long-standing family attorney who did your mother's will. Do not use the guy who fought your dry-cleaner bill. Do not use the guy you have trusted your entire life because of his long and faithful service to your family. In fact, do not use any firm that has any connection to family or friends or community. TRUST me. This is bad. You want someone who has never heard of you, any of your friends, or any member of your family. Go the the closest big city and walk into one of the national firms asking for one of the "Trust and Estates" partners you have previously looked up on http://www.martindale.com from one of the largest 50 firms in the United States which has an office near you. You can look up attornies by practice area and firm on Martindale.
2. Decide to take the lump sum.
Most lotteries pay a really pathetic rate for the annuity. It usually hovers around 4.5% annual return or less, depending. It doesn't take much to do better than this, and if you have the money already in cash, rather than leaving it in the hands of the state, you can pull from the capital whenever you like. If you take the annuity you won't have access to that cash. That could be good. It could be bad. It's probably bad unless you have a very addictive personality. If you need an allowance managed by the state, it is because you didn't listen to point #1 above.
Why not let the state just handle it for you and give you your allowance?
Many state lotteries pay you your "allowence" (the annuity option) by buying U.S. treasury instruments and running the interest payments through their bureaucracy before sending it to you along with a hunk of the principal every month. You will not be beating inflation by much, if at all. There is no reason you couldn't do this yourself, if a low single-digit return is acceptable to you.
You aren't going to get even remotely the amount of the actual jackpot. Take our old friend Mr. Whittaker. Using Whittaker is a good model both because of the reminder of his ignominious decline, and the fact that his winning ticket was one of the larger ones on record. If his situation looks less than stellar to you, you might have a better perspective on how "large" your winnings aren't. Whittaker's "jackpot" was $315 million. He selected the lump-sum cash up-front option, which knocked off $145 million (or 46% of the total) leaving him with $170 million. That was then subject to withholding for taxes of $56 million (33%) leaving him with $114 million.
In general, you should expect to get about half of the original jackpot if you elect a lump sum (maybe better, it depends). After that, you should expect to lose around 33% of your already pruned figure to state and federal taxes. (Your mileage may vary, particularly if you live in a state with aggressive taxation schemes).
3. Decide right now, how much you plan to give to family and friends.
This really shouldn't be more than 20% or so. Figure it out right now. Pick your number. Tell your lawyer. That's it. Don't change it. 20% of $114 million is $22.8 million. That leaves you with $91.2 million. DO NOT CONSULT WITH FAMILY when deciding how much to give to family. You are going to get advice that is badly tainted by conflict of interest, and if other family members find out that Aunt Flo was consulted and they weren't you will never hear the end of it. Neither will Aunt Flo. This might later form the basis for an allegation that Aunt Flo unduly influenced you and a lawsuit might magically appear on this basis. No, I'm not kidding. I know of one circumstance (related to a business windfall, not a lottery) where the plaintiffs WON this case.
Do NOT give anyone cash. Ever. Period. Just don't. Do not buy them houses. Do not buy them cars. Tell your attorney that you want to provide for your family, and that you want to set up a series of trusts for them that will total 20% of your after tax winnings. Tell him you want the trust empowered to fund higher education, some help (not a total) purchase of their first home, some provision for weddings and the like, whatever. Do NOT put yourself in the position of handing out cash. Once you do, if you stop, you will be accused of being a heartless bastard (or bitch). Trust me. It won't go well.
It will be easy to lose perspective. It is now the duty of your friends, family, relatives, hangers-on and their inner circle to skew your perspective, and they take this job quite seriously. Setting up a trust, a managed fund for your family that is in the double digit millions is AMAZINGLY generous. You need never have trouble sleeping because you didn't lend Uncle Jerry $20,000 in small denomination unmarked bills to start his chain of deep-fried peanut butter pancake restaurants. ("Deep'n 'nutter Restaurants") Your attorney will have a number of good ideas how to parse this wealth out without turning your siblings/spouse/children/grandchildren/cousins/waitresses into the latest Paris Hilton.
4. You will be encouraged to hire an investment manager. Considerable pressure will be applied. Don't.
Investment managers charge fees, usually a percentage of assets. Consider this: If they charge 1% (which is low, I doubt you could find this deal, actually) they have to beat the market by 1% every year just to break even with a general market index fund. It is not worth it, and you don't need the extra return or the extra risk. Go for the index fund instead if you must invest in stocks. This is a hard rule to follow. They will come recommended by friends. They will come recommended by family. They will be your second cousin on your mother's side. Investment managers will sound smart. They will have lots of cool acronyms. They will have nice PowerPoint presentations. They might (MIGHT) pay for your shrimp cocktail lunch at TGI Friday's while reminding you how poor their side of the family is. They live for this stuff.
You should smile, thank them for their time, and then tell them you will get back to them next week. Don't sign ANYTHING. Don't write it on a cocktail napkin (lottery lawsuit cases have been won and lost over drunkenly scrawled cocktail napkin addition and subtraction figures with lots of zeros on them). Never call them back. Trust me. You will thank me later. This tactic, smiling, thanking people for their time, and promising to get back to people, is going to have to become familiar. You will have to learn to say no gently, without saying the word "no." It sounds underhanded. Sneaky. It is. And its part of your new survival strategy. I mean the word "survival" quite literally.
Get all this figured out BEFORE you claim your winnings. They aren't going anywhere. Just relax.
5. If you elect to be more global about your paranoia, use between 20.00% and 33.00% of what you have not decided to commit to a family fund IMMEDIATELY to purchase a combination of longer term U.S. treasuries (5 or 10 year are a good idea) and perhaps even another G7 treasury instrument. This is your safety net. You will be protected... from yourself.
You are going to be really tempted to starting being a big investor. You are going to be convinced that you can double your money in Vegas with your awesome Roulette system/by funding your friend's amazing idea to sell Lemming dung/buying land for oil drilling/by shorting the North Pole Ice market (global warming, you know). This all sounds tempting because "Even if I lose it all I still have $XX million left! Anyone could live on that comfortably for the rest of their life." Yeah, except for 33% of everyone who won the lottery.
You're not going to double your money, so cool it. Let me say that again. You're not going to double your money, so cool it. Right now, you'll get around 3.5% on the 10 year U.S. treasury. With $18.2 million (20% of $91.2 mil after your absurdly generous family gift) invested in those you will pull down $638,400 per year. If everything else blows up, you still have that, and you will be in the top 1% of income in the United States. So how about you not fuck with it. Eh? And that's income that is damn safe. If we get to the point where the United States defaults on those instruments, we are in far worse shape than worrying about money.
If you are really paranoid, you might consider picking another G7 or otherwise mainstream country other than the U.S. according to where you want to live if the United States dissolves into anarchy or Britney Spears is elected to the United States Senate. Put some fraction in something like Swiss Government Bonds at 3%. If the Swiss stop paying on their government debt, well, then you know money really means nothing anywhere on the globe anymore. I'd study small field sustainable agriculture if you think this is a possibility. You might have to start feedng yourself.
6. That leaves, say, 80% of $91.2 million or $72.9 million.
Here is where things start to get less clear. Personally, I think you should dump half of this, or $36.4 million, into a boring S&P 500 index fund. Find something with low fees. You are going to be constantly tempted to retain "sophisticated" advisers who charge "nominal fees." Don't. Period. Even if you lose every other dime, you have $638,400 per year you didn't have before that will keep coming in until the United States falls into chaos. Fuck advisers and their fees. Instead, drop your $36.4 million in the market in a low fee vehicle. Unless we have an unprecedented downturn the likes of which the United States has never seen, should return around 7.00% or so over the next 10 years. You should expect to touch not even a dime of this money for 10 or 15 or even 20 years. In 20 years $36.4 million could easily become $115 million.
7. So you have put a safety net in place.
You have provided for your family beyond your wildest dreams. And you still have $36.4 million in "cash." You know you will be getting $638,400 per year unless the capital building is burning, you don't ever need to give anyone you care about cash, since they are provided for generously and responsibly (and can't blow it in Vegas) and you have a HUGE nest egg that is growing at market rates. (Given the recent dip, you'll be buying in at great prices for the market). What now? Whatever you want. Go ahead and burn through $36.4 million in hookers and blow if you want. You've got more security than 99% of the country. A lot of it is in trusts so even if you are sued your family will live well, and progress across generations. If your lawyer is worth his salt (I bet he is) then you will be insulated from most lawsuits anyhow. Buy a nice house or two, make sure they aren't stupid investments though. Go ahead and be an angel investor and fund some startups, but REFUSE to do it for anyone you know. (Friends and money, oil and water - Michael Corleone) Play. Have fun. You earned it by putting together the shoe sizes of your whole family on one ticket and winning the jackpot.
submitted by DamnDam to PromptsJustforMe [link] [comments]

Advertising Gambling (Slot Machine) in Grocery Ad

I'm a graphic designer located in Indiana who is creating a grocery ad for a client who's store is in Illinois. He is wanting me to put "COME GAMBLE WITH US" and then list the hours of his store. He has slot machines on location. My question is, is this type of advertising legal?
The advertisement will be printed on newsprint and inserted into the paper.
Google search is getting me no where. There seems to be a lot of gray areas concerning gambling advertisements.
Thanks in advance!
submitted by DownSquirrels to legaladvice [link] [comments]

A Timeline of a Different Cold War - The Heir Apparent: The Legacy of Henry Wallace

A Timeline of a Different Cold War - The Heir Apparent: The Legacy of Henry Wallace
(This is work in progress) Hope you enjoy inventive timelines ;)
The Heir Apparent: The Legacy of Henry Wallace

US and Soviet Leaders
Cold War Circa 2016
Cosmonaut Alexei Leonov, 1st Man on the Moon
July 19-21, 1944: Under pressure from FDR, and the re-energized Left in the party, the DNC relents and Henry Wallace is renominated as Roosevelt’s VP for 1944 General Election.

July 21, 1944 - The United States military begins to retake the island of Guam after Japanese troops had occupied the island during World War II. The battle would end on August 10.

November 6, 1944 - The last campaign speech of Franklin D. Roosevelt, seeking his fourth term in office, is broadcast from his Hyde Park, New York home. One day later, Roosevelt would gain that fourth term by a significant, but smaller margin than any of his previous elections, especially in the popular vote where Thomas Dewey lost by only three and one half million votes. The Electoral College margin, however, at 399 to 132, ensured Roosevelt good footing in the final prosecution of World War II.

December 18, 1944 - The United States Supreme Court rules in the case of Korematsu vs. the United States, the wartime internment of Japanese Americans on the West Coast was valid during a time of war.

1945
February 4-11, 1945 - President Roosevelt, Prime Minister Churchill, and Premier Josef Stalin hold the Yalta Conference in the Soviet Union to discuss post-war Europe. Stalin meets with VP Henry Wallace many times during the conference, with FDR's health clearly failing, Stalin comes to believe that Wallace is someone that will be just as accomodating as FDR, if not more. FDR & Wallace want to prioritize the Pacific Theater and agree with Stalin to halt at the Wessen River in exchange for full Soviet commitment to routing the Japanese from the Asian mainland. This works out greatly to the benefit of the Soviet post-war position.

February 19, 1945 - Thirty thousand United States Marines land on Iwo Jima.

March 1, 1945 - American troops cross the Rhine River at Remagen, Germany. Two weeks later, on March 18, twelve hundred and fifty U.S. bombers attack Berlin, causing Adolf Hitler to announce the destruction of his own industries and military installations one day later in preparation for invasion. US forces advance eastward until they halted at the Wesser River as agreed at Yalta.

April 1, 1945 - American troops invade Okinawa, beginning the Battle of Okinawa, which would continue until June 21.

April 12, 1945 - President Roosevelt dies suddenly; Vice President Henry Wallace assumes the presidency and role as commander in chief for the duration of World War II.

May 2, 1945 – The Red Army captures Berlin following the suicide of Hitler and other Nazi leaders in a secret bunker. The Werhmacht continues fighting the Red Army east of the Wesser River.

May 17, 1945 - Wehrmacht High Command surrenders after their lines collapse allowing the Soviets to advance to the River Wesser. Soviet and US allies meet at Wilhelm Kaisen bridge in Bremen and fraternize with each other in celebration.

May 21, 1945 - The unconditional surrender of Germany at Reims, France concludes the military engagements of World War II in Europe. It is accepted by General Dwight D. Eisenhower in his role as the commander of Allied troops in the European theater of the war.

July 5, 1945 - In a surpise landslide, Labor wins the UK election. Despite the popularity of Churchill as a leader, the electorate did not want the Tories in charge of the recovery as they were for the previous depression recovery. President Wallace reaffirms America's special relationship with the UK and welcomes the renewed shift to the left.

July 16, 1945 - The first atomic bomb, the Trinity Test, is exploded at Alamogordo, New Mexico, after its production at Los Alamos.

August 2, 1945 - The Potsdam Conference concludes with the UK rather sidelined and the US, represented by Wallace, largely indifferent to Soviet expansion. The biggest change from Yalta, was the the abandonment of seperate zones of control for Berlin and Vienna while retaining the zones for Germany as a whole. Wallace was mosty focused on ensuring full Soviet cooperation with other allies regarding empowering the Allied Control Commission to make systemic changes in Germany. Within 5 years Germany would become more agrarian and lose most heavy manfucaturing capacity in favor of light manufacturing. Most significantly Potsdam established Denazification and the War Crimes Tribunal at Nuremburg.

August 6, 1945 - After much debate with the top brass, President Henry Wallace refuses to give the go-ahead for the use of the atomic bomb, citing such devastation would only harden the Japanese will to resist. He is also keen to keep the Soviets from discovering America’s atomic weapons project for both diplomatic and national security reasons. Operation Downfall is initiated instead as the official war plan to force the Japanese surrender by invasion of their home islands.

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September 4, 1945 – Soviet forces capture Sakhalin and Kuril Islands, and then commit their forces to pushing remnant Japanese forces out of Manchuria. Communist movements greatly benefit from Soviet patronage in Korea and China.

September 19, 1945 - Thomas G. Corcoran is narrowly confirmed a justice of the Supreme Court by the Senate.

October 4, 1945 - The Soviets begin a secret atomic weapons program of their own after discovering the success of the US atomic bomb project through the spy operation of Julius Rosenberg, Klaus Fuchs and David Greenglass. It would be decades before knowledge of the spy ring in the US would come to light.

October 30, 1945 - Soviets recruit Wernher von Braun and nearly a thousand other engineers and scientists into the Soviet rocket program greatly benefiting their long-sustained lead in the future Space Race.

November 14, 1945 – Operation Olympic begins with the invasion of Kyushu from the south coast by forces staged in Okinawa. Despite massive preparatory bombardment, the landings becomes the most deadly battle yet for American forces in WW2. Near total casualty rate is reported for the first wave of American troops.

1946
January 3, 1946 – Second Phase of Olympic is executed with a smaller invasion of the island of Shikoku. Aerial bombardment, staged from Kyushu and the fleet, intensifies across Japan.

January 10, 1946 - The first meeting of the United Nations general assembly occurs after its founding on October 24, 1945 by fifty-one nations, including the Security Council nations of China, France, the Soviet Union, the United Kingdom, and the U.S.A.

March 18, 1946 – Operation Coronet begins with the amphibious invasion of the Kanto plain and setting the Siege of Tokyo. Concurrently, US forces invade the Honshu coast from Kyushu and Shikoku.

June 6, 1946 - The Basketball Association of America, known as the National Basketball Association (NBA) since 1949 after its merger with the rival National Basketball League, is founded.

June 12, 1946 – Tokyo falls to US forces. Soviet forces invade Hokkaido as US forces fight northward against hold-outs.

June 20, 1946 - Wallace's second appointment to the Supreme Court, Fred M. Vinson, enjoyed more support in the Senate, thanks to majority leader Harry S. Truman for appealing to the center of the Democratic Party.

July 4, 1946 - The island nation of the Philippines is given their independence by the United States. This ends four hundred and twenty-five years of dominance by the west.

1947
February 24, 1947 – Japan surrenders to the US by order of Emperor Hirohito, in return for protection, fearing Soviet control of a Post-War Japan. Days later US and Soviet forces meet at the 38th parallel and exchange diplomatic courtesies. Japan is divided by two occupation governments, Soviet-occupied "North Japan" (called the Democratic Republic of Japan) and US-Occupied "South" Japan.

190,000 Americans died in the battle. Millions of Japanese died during the fighting and resulting famines and guerilla insurgency during the post-war occupation.

March 1, 1947 - The Atomic Energy Commission is established.

March 12, 1947 - The Wallace Doctrine is announced to the U.S. Congress. When passed it would grant $700 million in humanitarian aid to liberal or socialist democracies. President Henry Wallace implements the act on May 22. During the bill signing ceremony, President Wallace argued for cooperation—not cold war—with the Soviet Union, setting the future course of US-Soviet diplomatic relations.

April 15, 1947 - Jackie Robinson breaks Major League Baseball's barrier against colored players when he debuts at first base for Branch Rickey's Brooklyn Dodgers.

June 5, 1947 - Secretary of State George C. Marshall proposes aid extension to all European nations for war recovery, known as the Marshall Plan, which would lead to Congressional approval of $14 billion over the following four years.

June 20, 1947 – Democrats in Congress, rallied by President Wallace, vote down the Taft-Hartley Labor Act that would have curbed strikes and sectoral collective bargaining.

December 30, 1947 - King Michael I, a westernized monarch, was forced to abdicate his throne at gunpoint by communist partisans. Romania was thereafter declared a socialist republic.

1948
January 1, 1948 - Five hundred thousand mine workers begin to strike, with other industries following their lead in solidarity, particularly the Railroad. This was a result of built up grievances that were suppressed by the wartime “No-Strike Pledge”. Wallace responds days later with an order to nationalize the nation’s iron and coal mines and then implement worker demands.

April 1, 1948 - US convinced UK to make assurances that the decision to replace the Reichsmark would be quashed after a diplomatic row erupted with the USSR that threatened the post-war cooperative order. The German debt crisis will remain acute for the next decade. Despite earlier threats by the Soviets the West-East German border remains open.

April 30, 1948 - The Organization of American States is founded by twenty-one nations to provide a mutual development pact after World War II. Founding nations were Argentina, Bolivia, Brazil, Chile, Columbia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, the United States, Uruguay, and Venezuela.

May 15, 1948 - Arab-Israeli War commence after the declaration of independece by Israel.

June 2, 1948 - President Wallaces decision to nationalize coal and iron mines is ruled legal by the U.S. Supreme Court in a 5-4 decision, Peabody Coal Co vs US, expanding eminent domain power for "national security" purposes.

June 19, 1948 - Josip Broz Tito breaks with Moscow over growing Soviet interference over the Yugoslavian Communist Party. This tests the post-war unity amongst socialist nations and the USSR by starting the Non-Aligned Movement.

July 26, 1948 - Executive Order 9976, ending segregation in the United States military and federal civil service, is signed into effect by President Henry Wallace to the anger of many Southern Democrats.

August 12, 1948 - Infighting between Irgun and Soviet-backed partisans collapses the Ben-Guirion coaltion, and divides the IDF forces into separate militia factions. This causes the Israelis much delay in countering the Arab incursion.

November 2, 1948 - President Henry Wallace, and his VP Rexford Tugwell, rallies from behind, capturing his first president election from the presumptive winner Thomas E. Dewey, the governor of New York. Headlines in national newspapers had overtly announced a Dewey victory, only to be proven wrong. Wallace won the Electoral College vote with 283 to Dewey's 200, with Strom Thurmond, running as the States' Rights candidate, receiving 48 Electoral votes. Wallace won the election with 50.1% of the popular votes.

Wallace, in contrast to Dewey, saw unchecked private wealth as a threat to liberty. The “common man,” he argued, must “have the opportunity to form unions and bargain through them collectively.” Citing “Herr Thyssen, the wealthy German steel man” who “gave Hitler enough money to enable him to play on the minds of the German people,” Wallace warned of “wealthy men who sincerely believe that their wealth is likely to be safer if they can hire tyrants who lure the people back into slavery.”

Much throughout his campaign Wallace resisted Dewey's call for an American dominated post-war world order to counter the communist philosophy of the Soviet Union. Wallace's election was a rebuke to the concept of "American Exceptionalism". The implication was that global progress would flow from a partnership of nations, each of which boasted traditions of liberty, rather than domination by an America that would, as Wallace put it, “mold the world for such purposes as we see fit and by such means as we see fit.”

“Some have spoken of the ‘American century,’” he noted in his victory speech, but “I say that the century on which we are entering—the century which will come into being after this war—can be and must be the Century of the Common Man.”

December 15, 1948 - Alger Hiss, former State Department official, is indicted for perjury in connection to denials of passing state secrets to a communist spy ring. He would later be found not guilty in January 1950. It was perceived by the general public to be a partisan swipe at the Wallace administration.

1949
January 5, 1949 - The 1st Indo-Pakistani War concludes in a stalemate with Kasmir divided along the Line of Control.

January 8, 1949 - Council for Mutual Economic Assistance is founded by the Soviet Union to aid European nations still recovering from World War II to develop infrastructure, this is the Soviet response to the Marshall plan and generates much support among left-wing parties in Western Europe.

February 9, 1949 - The last confirmed resistance militia in Japan was defeated after a battle with US soldiers. This ends the small insurgency by Shintaisei diehards against US forces occupying Japan.

March 2, 1949 - Captain James Gallagher lands the B-50 Lucky Lady II in Texas after completing the first around-the-world non-stop airplane flight. It was refueled four times in flight.

April 2, 1949 - The United Nations Security Council unanimously approves the trusteeship of Pacific Islands formerly controlled by Japan to the United States.

https://preview.redd.it/6bpwdlkxyws41.png?width=4592&format=png&auto=webp&s=a4fd1c29fb33f1bdb3067f5246f4d0a8fee85ce9
April 4, 1949 - ETO, the European Treaty Organization, is formed by the ten Western European nations (Belgium, Denmark, France, Iceland, Italy, Luxembourg, Netherlands, Norway, Portugal). The treaty stated that any attack against one nation would be considered an attack against them all. Henry Wallace refuses to commit the US to a “post-war, Eurocentric, military alliance” and denounces it as a unnecessary provocation toward our Soviet allies.

May 8, 1949 - A stalemate ends the Arab-Israeli War, despite an energenic Israeli counter-offensive that regained control over most of the Jewish Mandate borders and the Gaza Strip. Much of Arab Palastine including the entire West Bank is annexed by Trans-Jordan and Lebanon. The USSR has gained much clout with both nations due to its generous aid during the war.

August 18, 1949 - Due to his impressive record at Nuremburg, and commitment to desegregation and racial justice as Attorney General, the Senate soundly confirms Henry Wallace's 3rd nominee, Francis Biddle, to the Supreme Court.

August 29, 1949 - the Soviet Union secretly conducted its first successful atomic weapon test in Kazahkstan. Stalin decides that this must be kept a secret to ensure good diplomatic relations with the United States.

September 22, 1949 - Mao Zedong's Communists are victorious over the Koumintang in the Chinese Civil War and the People's Republic of China is founded on October 1st. The US, UK and France refuse to recognize the People's Republic, and despite Soviet protest, the Republic of China will retain its seat on the UN Security Council indefinitely.

October 4, 1949 - Earl Warren is appointed to Supreme Court by President Wallace after the death of Justice Rutledge.

October 7, 1949 - Tokyo Rose, the femme fatale of Japanese war broadcasts, is sentenced to ten years in prison. She would be paroled in 1956 and pardoned in 1977.

October 14, 1949 - Eleven leaders of the United States Communist party are convicted of advocating a violent insurrection and overthrow of the U.S. government. The Supreme Court would overturn the convictions 6-3 on June 4, 1951.

October 16, 1949 - In a stunning reversal of fortunes, thanks to generous aid and support by the Soviet Army, the Communist Party of Greece wins the Greek Civil War. Markos Vafeiadis establishes the Democratic Hellenic Republic and purges the monarchy and royal family. This encourages Turkey to pursue closer ties with the West and actively surpress communist influence at home.

November 1, 1949 – President Wallace signs into law a program, modeled after the Montgomery G.I. Bill, to provide college tuition to any person who has been accepted to an accredited public university or trade school.
World of 1950

1950
January 14, 1950 - The United States recalls all consular officials from China after the seizure of the American consul general in Peking by communists. The Soviet Union intervenes diplomatically on behalf of the US to guarantee the safety of US citizens.

January 17, 1950 - The Brinks robbery in Boston occurs when eleven masked bandits steal $2.8 million from an armored car outside their express office.

April 1, 1950 – After President Wallace signed the Medicare Act into law, the US began implementing its first national health insurance program guaranteeing medical coverage for all Americans, subject to added premiums for wealthier citizens.

June 8, 1950 - Swedish scientists detect abnormal radioactivity in air samples, when shared with US government scientists the DOD begins to suspect that the USSR has been actively testing atomic weapons. This assessment is made Top Secret by the president and not released to the public until decades later.

1951
February 28, 1951 - Preliminary report from the Senator Estes Kefauver investigation that had begun in May 1950 into organized crime is issued, stating that gambling take was in excess of $20 billion per year. Estes Kefauver spurred a renewed effort at combating the Mafia by passing new federal racketeering and forfeiture laws.

April 16, 1951 - The Fair Labor Standards Act is expanded by congress to require overtime pay for work performed on federal holidays and also establishes election day as a paid federal holiday.
September 6, 1951 – President Wallace hosts Josef Stalin at the White House for the first ever state visit by a Soviet leader to the United States. The meeting was heavily criticized by Republicans as a tacit acceptance of global communism.

October 25, 1951 - Labor holds their majority in the UK parliment after snap elections, President Wallace made a public endorsement for Clement Attlee and his Labor Party and their platform of economic justice. Labor will hold this majority until 1970.

1952
February 14, 1952 - The 1952 Winter Olympics open in Helsinki, Finland with thirty participating nations. During these games, the first triple jump in figure skating history is performed by Dick Button, who won one of the four gold medals gained by U.S. athletes.

April 8, 1952 - President Wallace authorizes the nationalization of US steel mills in order to avert economic disruption by a another strike. Opponents deride Wallace as a “Socialist Tyrant”.

July 18, 1952 - Congress founds the National Airlines as a public-owned monopoly on commercial air service. Smaller air companies can still contract with the National Airlines to fill gaps in essential services between small airports. Air traffic control and airport ownership also fall under federal ownership.

September 4, 1952 - The inauguration of trans-continental television occurs with the broadcast of President Wallace's speech at the Japanese Peace Treaty Conference in San Francisco. The treaty would be signed on September 8 by the U.S., Japan, and forty-seven other nations. The conditions of the treaty allow the Imperial Japanese Army and Navy to continue within limits as counterweight to the Japanese People’s Army (JPA). The parties also sign the US-Japan Mutual Defense Pact assuring South Japan that the US will provide a defense gaurentee against any agression by the Communist North. It also preserves the Imperial Family’s role in government.

November 1, 1952 - At Eniwetok Atoll in the Pacific Ocean, a larger atomic bomb, named Able, is exploded. US atomic weapons continue to remain a secret to the general public and the vast majority of nations.

November 4, 1952 - General Dwight D. Eisenhower, popular due to his role in winning World War II as European commander, turns down an offer to be the Republican nominee. President Wallace announces that he will run for a third and final term in office, as the recently passed 25th amendment doesn't apply to the current president. Henry Wallace remains as extremely popular as his predecessor and eventually trounces Robert A Taft, securing an mandate for a third expansion of the New Deal and continued peace with the Soviet Union. The Electoral College vote was 349 to 182.

1953
June 5, 1953 – The first federal public education funding program is passed and signed into law. The Act will create block grants to support poor primary and secondary schools and provides extensive funding for science education.

June 17, 1953 - Food shortages, pay cuts and tensions over Soviet occupation lead to riots across East Germany. The uprising is swiftly put down by Soviet troops.

July 23, 1953 - Gamal Abdel Nasser takes power in a coup in Egypt and his Pan-Arab movement aligns itself with the Soviet Union after accepting foreign aid.

July 24, 1953 – The Atoms for Peace initiative begins to improve atomic power technology for civilian use by researching powerful atomic batteries, developing an emission-free nuclear energy economy, and improving agriculture through radiation-based gene manipulation. Henry Wallace successfully lobbied Congress to fund his initiative and to pass a law to indemnify atomic power plants leading to the Atomic Industrial Revolution in America.

August 19, 1953 - Operation Ajax is presented to Wallace and he admonishes the intelligence community for even suggesting something so damaging to US foreign policy. Mossadegh is not overthrown and continues to rule Iran on a social-democratic platform.

October 30, 1953 - President Henry Wallace approves a bill to reduce the size of the US military by 30% and to reduce naval tonnage in half. President Wallace also decided to secretly end US atomic weapons production by executive order. US stockpile was about 430 warheads.

December 30, 1953 - The first color televisions go on sale.


1954
January 26, 1954 - Bell Labs discontinues research into transistors in favor of miniturizing vacuum tubes and developing atomic-derived portable power sources.

February 23, 1954 - The first large scale vaccination of children against polio begins in Pittsburgh, Pennsylvania.

March 4, 1954 - Henry Wallace appoints Senator Estes Kefauver as Justice to replace the late Justice Vinson, and is confirmed by his colleagues.

May 17, 1954 - Racial segregation in public schools is declared unconstitutional by the United States Supreme Court in Brown vs. the Board of Education. The ruling of the court stated that racial segregation violated the 14th Amendment's clause that guaranteed equal protection. The Monroe School in Topeka, Kansas had segregated Linda Brown in its classes.

July 18, 1954 - After protracted legal disputes with medical providers threatening to undermine the Medicare system, Henry Wallace rallies Congress to give him the power to nationalize for-profit hospitals under the National Health System.

August 19, 1954 - Another series of protracted disputes resulting from the Phillips Petroleum Co. v. Wisconsin case, which upheld federal price controls on oil and gas producers, the oil companies collude to restrict production and instigate lock-outs. This was met with an Act of Congress authorizing President Wallace to nationalize the oil and gas industry.

September 8, 1954 - In Bangkok, Thailand, the Southeast Asia Treaty Organization is formed by the U.S., Great Britain, Australia, New Zealand, France, the Philippines, Pakistan, and Thailand, creating a mutual defense pact against Red China.

In 1954, Ray Kroc founds the idea for the McDonald's corporation, agreeing to franchise the idea of Dick and Mac McDonald, who had started the first McDonald's restaurant in 1940 and had eight restaurants by 1954. Kroc would incorporate the entity on March 2, 1955 and open his first franchise on April 15 in Des Plaines, Illinois. He would buy out the McDonald's brothers in 1961.
submitted by Mr_Haw_Haw to AlternateHistory [link] [comments]

is gambling legal in illinois video

YouTube Community Guidelines & Policies - How YouTube Works Illinois Signs Road Situations Practice Test After sports betting record, some Illinois lawmakers want ... What states have legal sports betting now that Michigan ... Legalizing marijuana in Illinois will cause more problems ... Legal sports gambling in Illinois, Indiana hinges on ... Gambling on Casinos in Illinois - YouTube Illinois Senate approves legalized sports betting, $45B ...

Depending on the state, certain types of gambling are illegal and prosecuted under criminal statute. However, many states have relaxed their gambling laws and allowed casinos and other gambling venues. While Illinois gambling laws allow betting on horse racing and riverboat casinos, most other types of gambling are prohibited in the state. Gambling is a class A misdemeanor offense in the State of Illinois, but not all gambling is illegal in Illinois. State-approved forms of gambling are legal. Illinois gambling laws do not distinguish between a game of skill and a game of chance. It has been upheld by Illinois courts that Texas Hold ’em poker is gambling. Other Illinois ... Online gambling in Illinois is legal for certain types of gambling products. Residents can play the Illinois Lottery online. Furthermore, new Illinois gambling laws were introduced in 2019, which make it legal to bet on sports online. Is real money online gambling legal in IL? Yes, there are no regulations prohibiting Illinois residents from playing on offshore sites, which means that this form of gambling is perfectly legal. Which offshore gambling sites accept IL residents? There are no restrictions for Illinois-based gamblers when it comes to joining offshore iGaming sites. Illinois has not shown an appetite for prosecuting players who visit offshore gambling sites, but there is some legal risk. Additionally, offshore gambling sites are completely unregulated, and players have no recourse if they suspect an unfair game or are refused payment of winnings. The new Illinois Gambling Act of 2019 allows online sports betting in Illinois, although it does not legalize other types of online casino games or online poker. Since 2012, the Illinois Lottery has provided residents and visitors to play Powerball, Mega Millions and other games from their computers or mobile devices. The minimum age requirement for gambling in Illinois is set at 21 years. Users go through age verification processes, and complying with the law is mandatory. Illinois has the same legal age requirement as the majority of the United States. The restriction when it comes to minimum gaming age applies to all games. Is Online Gambling Legal in Illinois? Illinois law makes it clear that any operation of an online casino from within the state’s border is illegal and considered a misdemeanor. However, if you are caught playing on an online casino site, only the operator gets punished, and you would be free of any charges. Illinois is in the eastern section of the Midwest United States. It borders numerous states – Kentucky, Missouri, Iowa, Wisconsin, Michigan, and Indiana – and it even touches on Lake Michigan. State Motto: State sovereignty, national union. Quite a bit of gambling happens legally in Illinois.

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YouTube Community Guidelines & Policies - How YouTube Works

Our Community Guidelines and policies apply to all YouTube content and define what you can and cannot do on YouTube. VSiN's own expert Josh Appelbaum discusses the launch of sports betting in Michigan and Illinois which makes 1/3 of American states now with legal sports bet... Illinois lawmakers have wrapped up their spring session after a whirlwind week that produced a budget, more gambling, legalized marijuana use, protections fo... After sports betting record, some Illinois lawmakers want to add college sports to legal bets Welcome to Everyday Law TV -- the show that demystifies the law for you and your family! In every episode, we will address the legal issues that affect you i... Illinois politicians in recent years have saddled our state with a series of serious evils, among them being taxpayer-funded abortion, same-sex marriage, and... CBS 2's Derrick Blakley reports on attempts by state lawamakers to get casinos in Chicago and other cities. Illinois Signs Road Situations Practice Test Thank you for watching the video 'Illinois Signs Road Situations Practice Test' with DMV Permit Test channel. Please subscribe if you like our videos ... Illinois slot machine casino gambling consists of ten commercial casinos, two proposed casinos, and VLT electronic gaming machines at 7,710 local businesses ... Chuck Goudie and the I-Team look at New Jersey?s challenge of a federal law banning most sports gambling in U.S. and how it could open the door for other sta...

is gambling legal in illinois

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