Due to increased air traffic, the US government awarded two new airport slots (airplane takeoff and landing rights) to Denver during the current year. Because such rights are very valuable, the government awarded the slots by lottery to give all carriers an equal chance of winning. CheapAir, Inc., won the slots, and was immediately offered $50,000 by a competing airline for the slots. Does CheapAir recognize gross income for federal tax purposes as a result of winning this lottery? Explain and include court cases and ruling that address this issue.