I basically was interested in starting a business with lotteries. I wondered if I would be able to engage in the act of lottery sales and drawings that pay out, in order to produce revenues for a business. I would like to form this business as a private company without affiliation from the state. Would I need state approval from the gaming board in order to open a business in this nature? Also if I were to do it on University grounds...would I be able to do it without permission from the state. Is there any laws federally barring this kind of business, or does it depend upon the certain laws of the particular state in question? Last question, if the state does not support the start up of a business in this nature, is it possible to start a company like this for the interenet, somewhat like an electronic lottery that can be used by persons either in one state or if applicable regarding state laws throughout the USA. Also, Can i research this in a regular state law library. Thanks much!!
2007-12-07 06:31:05 · 2 answers · asked by jchez86 2 in Politics & Government ➔ Law & Ethics
Such a business would be illegal in all 50 States without a permit or license.
In "some" States gaming licenses are issued, in some they aren't. In those States where they are issued, the process is complicated and expensive. A poker room in CA just recently spent over $250,000 just to move a license they already had from one county to another.
If you set up such a business on the Internet it would be illegal under the Internet gaming act. The US has even brough prosecutions against foreign companies legally operating gaming sites in their own countries that allowed American players to log on. It is also illegal for any US bank or finacial institution to pay or receive monies from online gambling, even to the point of cashing a payout check.
Sorry, you need a new business idea.
Richard
2007-12-07 06:34:49 · answer #1 · answered by rickinnocal 7 · 0⤊ 0⤋
I think the laws of the state are paramount. As for the electronic lottery, every Act must have a clause that would either allow it or prohibit it. So if a state prohibits it offline it doesn't mean you do it online - verify with the law. You should be easily able to find information on the interenet at legal sites and don't have to visit a law library.
2007-12-07 14:37:06 · answer #2 · answered by pizzaz9 1 · 0⤊ 0⤋