Lottery.com’s risk of being removed from the Nasdaq hub is imminent. This is because the company has not filed its financial reports on time. In addition, Lottery.com is facing a class action lawsuit filed by irate investors. The investors claim that the company has made false and misleading statements and therefore they want to be compensated.
Lottery.com has two options to return to Nasdaq rules. They can file a Form 10-Q by August 31, 2019, or they can file a compliance plan. If they choose the latter option, Nasdaq will grant them a 6-month extension added to the expiration date of Form 10-Q.
SEC and lottery .com
The SEC says Lottery.com can make no guarantees about when their Form 10-Q will be filed. They said the form would be filed as soon as possible to bring back compliance.
The U.S. Securities and Exchange Commission claims that Lottery.com failed to file its June 30 financial statements. They say this is because the company could not file its quarterly Form 10-Q report.
Because they did not file the financial reports with the SEC on time, Lottery.com was informed by Nasdaq last week that they are not in compliance with their listing rules.
A lawsuit against Lottery.com was filed in the U.S. District Court for the Southern District of New York. It was filed on behalf of all investors who purchased Lottery.com shares between November 15, 2021 and July 29, 2022. The lawsuit alleges that Lottery.com violated the Securities Exchange Act of 1934 by wrongfully selling securities.
A ticket bought in a Chicago suburb won the Mega Millions jackpot of $1.337 billion. A single ticket beat the enormous odds against winning.
One ticket winning the jackpot was sold at Speedway gas station and convenience store in Des Plaines, according to megamillions.com.
The numbers 13, 36, 45, 57, and 67 were winners, along with the Mega Ball number 14.
Lotteries in 45 states, including Washington D.C., and the U.S. Virgin Islands play Mega Millions. The game is managed by these state lotteries.
Emilia Mazur, spokesperson for the Illinois Lottery, said that most winners of more than $250,000 choose not to reveal their names. Illinois is one of the states where that is an option.
No one had won the lottery since April 15. That was 29 draws total, making the jackpot the third-largest in the country. The prize amount grew so large because none of the six numbers were matched.
Just over a week ago, the Eurojackpot was emptied and went to Baden-Württemberg as well as Lithuania. Last Friday (January 28), the new jackpot phase of the European lottery began with a starting sum of 10 million euros – and this pot has also already been cleared.
A lucky man from Slovenia picked the numbers 5-21-23-29-35 and the two Euro numbers 7 and 9 and hit the jackpot. As he was the only person to have picked these winning numbers on his ticket, the lucky winner will now receive EUR 11,134,617.00. This is the third time that a Eurojackpot jackpot has gone to Slovenia. In 2014, a Slovenian already received 28.2 million euros.
The amount of money in the second prize category is also impressive: Two players from Lower Saxony and Hesse, who missed one of the two Euro numbers, became “almost millionaires”. They thus landed a hit in prize category 2 and will each receive 918,000 euros.
For someone in Doorn, the new year started very well. There, the first prize of the State Lottery was won and someone is now 30 million richer in one fell swoop. The winner can only report tomorrow, because the customer service of the State Lottery is still closed today. That a New Year’s Eve lottery is a tradition for many people was also evident this year. No less than 7.1 million people bought a lottery ticket, of which 3.4 million bought a whole lottery ticket and 4.7 million bought a half lottery ticket. Yet the chance of winning the first prize is very small, we calculated.
The winning ticket has the combination FF 41849. The winner had a whole lottery ticket and bought it online. The prize is therefore automatically credited to the bank account number provided. That is the standard procedure for lottery tickets bought online.
There were no more million prizes to be won, but in Dieren, Hellevoetsluis, Borne, Coevorden and Tilburg, tickets were sold that won a prize of 100,000 euros.
The lottery also organises a so-called millionaire’s dinner every year. “For this we invite people who have won big prizes in the past. They can then talk to each other about it, because only other winners can understand what happened to you, also because many people like to remain anonymous.
In the United States, all lottery winnings and casino games winners are subject to Federal taxation (automatically reported to the Internal Revenue Service if the win is at least $600); many smaller jurisdictions also levy taxes. The IRS requires a minimum withholding of 25% of the prize (minus the wager) of any gambling win in excess of $5,000. However, the net for a major jackpot winner often is misleading; winners often pay additional to the IRS when they file their returns. U.S. lotto winners are taxed at the highest percentage; any winnings above $600.00 are taxed at 30%.
All lump-sum prizes listed below are reported as the pre-withholdings amount, as this is income the player “earned” and must report on their returns to be subject to taxation. Jackpot amounts are reported as the advertised annuity.
For various reasons, an annuity jackpot can have a higher cash value than a larger annuity with a lower cash value. Examples include the annuity structure of various games: while Mega Millions’ and Powerball’s annuity option each are 30 annual payments, Mega Millions’ annuity payments increase 5 percent yearly, while Powerball’s increase 4 percent yearly; this makes the Mega Millions’ annuity structure slightly more inflated.