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Ohio Changes
Law to Allow Winners to
Sell All or Only a Part of Their Lottery
Prizes
Columbus, OH (March 2005): The Ohio State Legislature
has approved a change to Ohio's lottery law that now gives past lottery
winners the right to trade all or only a portion of their remaining payments
for upfront cash.
The new statute, effective March 31, 2005, is modeled
on laws already in effect in dozens of other states, including Ohio. In
contrast to the State's current cash option programs, the new law will
afford winners the option of selling only a portion of their prize payments
for upfront cash, keeping the remainder as payments to be received over
time. This will give winner's added flexibility, permitting then to raise
only as much cash as they may need.
Read or Download
the text of Section 3770 of the Ohio Revised Code Annotated.
Read or Download
an “Issue Brief” on Section 3770 of the Ohio Revised Code Annotated.
Download
Acrobat Reader
Learn more about the new law and the Campaign for Winners’ Choice by calling
the Winner’s Choice hotline, toll free, at 800-337-6407.
Sign up to receive FREE, no-obligation information on selling lottery payments in Ohio:
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