Can a Lottery retailer refuse to cash in lottery tickets?
There is a policy regarding the cashing of winning tickets. The State Lottery Law N.J.S.A. 5:9-1 et seq. 5:9-7 Commission; powers and duties Section a (5 ) “The manner of payment of prizes to the holders of winning tickets or shares, including, subject to the approval of the State Treasurer, provision for payment of prizes not to exceed $599.00 by agents licensed hereunder out of moneys received from sales of tickets and shares.” While we ask that our agents always cash in any and all winning tickets they may receive that are under $599.00, we also understand thatfor valid business reasonsthis may not always be able to occur. Since we request that Lottery funds be kept separate from the regular store’ funds, the funds may not always be available to cash a large (and sometimes even a small) winning ticket. The reasons for this can range from the time that the winner is trying to cash their ticket (the agent hasn’t done enough business at that point to cover the amount of the win) to the
