Peterson v. District of Columbia Lottery & Charitable Games Control Board

FARRELL, Associate Judge:

In November 1986, appellant Peterson won $1,050,000.00 in the D.C. Lucky Lotto Game, payable in twenty annual installments. In 1993 he contracted with appellant Stone Street Capital, Inc. (Stone Street) for assignment of his future payments in return for a present-value lump sum. The contract was contingent on the assignment being honored by the District of Columbia Lottery and Charitable Games Control Board (the Board), whereupon future payments would be made directly to Stone Street. The Board refused to honor the assignment, relying upon its regulations. This…