Ironman forfeits 2.76 million for illegal lottery

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MrBond
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Ironman forfeits 2.76 million for illegal lottery

Postby MrBond » Thu May 14, 2015 6:49 am

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Re: Ironman forfeits 2.76 million for illegal lottery

Postby Spirit Unleashed » Thu May 14, 2015 8:24 am

How is their lottery different from other race lotteries?
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Re: Ironman forfeits 2.76 million for illegal lottery

Postby purdy65 » Thu May 14, 2015 8:31 am

That's what I was trying to figure out Spirit!
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eme
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Re: Ironman forfeits 2.76 million for illegal lottery

Postby eme » Thu May 14, 2015 9:09 am

purdy65 wrote:That's what I was trying to figure out Spirit!


Possibly licensing and who the money goes to (i.e. needs to go to a charity).

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Re: Ironman forfeits 2.76 million for illegal lottery

Postby scottch » Thu May 14, 2015 9:36 am

This could get interesting.

I didn't realize that races charged money for the chance to win entry to a race (naive, I guess). In Canada that would be against the Criminal Code as lottery licenses are usually only issued to Charitable and Religious organisations, not for-profit groups. Also, you have to make the purchase in the province where the lottery is being held.

I am guessing that accepting lottery tickets from participant outside of the state where the lottery event is taking place violates that's states laws. Ironman probably didn't get a lottery license for the draw either.

I wonder if there will be any lawsuits pop up from this in the states for people to try and reclaim their money, or how many other groups/races will be affected by this.

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Re: Ironman forfeits 2.76 million for illegal lottery

Postby purdy65 » Thu May 14, 2015 9:53 am

Where does the money go for the NYC marathon and Chicago marathon lotteries?
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Ironman forfeits 2.76 million for illegal lottery

Postby Jwolf » Thu May 14, 2015 9:55 am

The difference is WTC is a private company whereas races like NY Marathon are run by non-profits. The lottery fee that NY Marathon charges is much smaller and just a "processing fee" (which I guess they have to justify with their accountants as how much it costs to administer the lottery) and not intended to earn money, as the WTC's is ($50/lottery entry).

I'm not sure what marathons like Chicago or Houston charge for their lotteries (if at all) but I assume it's more like what NY does.
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