Estate of Paul C. Gribauskas - Page 3




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          The Connecticut LOTTO                                                       
               In September of 1983, the State of Connecticut (the State)             
          commenced running a biweekly “LOTTO” drawing.  During all                   
          relevant periods, this lottery was administered by the State of             
          Connecticut Revenue Services, Division of Special Revenue (the              
          Division), in accordance with regulations promulgated to govern             
          the game’s operation.  Individuals participate in the lottery by            
          purchasing for $1.00 a ticket on which they select six numbers.             
          If the six numbers so chosen match those randomly selected at the           
          next LOTTO drawing, the ticketholder becomes entitled to a prize            
          of $1,000,000 minimum, with a potentially greater award available           
          if ticket purchases have increased the size of the jackpot.                 
          LOTTO prizes in excess of $1,000,000 are paid in 20 equal annual            
          installments, each made by means of a check from the State                  
          payable to the prizewinner and drawn on funds in the custody of             
          the State Treasurer.  Winners are not entitled to elect payment             
          in the form of a lump sum.  As in effect during the year of                 
          decedent’s death, the following administrative regulations                  
          prohibited a LOTTO prizewinner from assigning or accelerating               
          payment of the installments:                                                
               (d) Prizes non-assignable.  A prize to which a                         
               purchaser may become entitled shall not be assignable.                 
               (e) Payments not accelerated.  Under no circumstances,                 
               including the death of a prize winner, shall installment               
               payments of prize money be accelerated.  In all cases such             
               payments shall continue as specified in the official                   
               procedures.  The division shall make such payments payable             





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Last modified: May 25, 2011