Originally Posted: Wednesday, June 16, 2004
Revised: Will update after each Lotto Texas draw
lottoreport@tx.rr.com




If You Won Lotto Texas on Feb 26, 2024
This Is How Much You SHOULD Receive ...


The TLC adopted a new rule effective April 23, 2006 & April 14, 2013.
It guarantees that the winner receives the greater of either
40.47% of "roll" sales OR the amount needed to invest
that will give a return of the amount advertised - called the
"investment cost." (CVO) The highest amount shown below is
how much they SHOULD invest for you (if annual pay) - If
CVO, should pay you - less taxes (25%). The 02/26/24 jackpot
is advertised at
$14.25 million and is the 25th drawing in the roll.
(April 14, 2013 - New Lotto Texas Rule)

----------------------

Est From Roll Sales: $8,081,131
Est Cost To Fund Jackpot: $8,065,429

Taking the greater of the two figures above ...
After Minimum Taxes (CVO): Est $6,060,848

Short to Fund Jackpot: -0-
Cost based on TX rate/factor: 1.7668
(Will owe more in taxes at end of year)

------------------

(Actual sales figures to come Tuesday 02/27/24)
Ticket Sales For This Draw (02/26/24): Est $673,318
(Free tickets this draw: $?? not deducted)

Allocated to pay the jackpot winner from
just the Feb 26 drawing: Est $272,492

("Draw Sales" - Represents how many
tickets were sold for the 02/26/24 draw.
To guarantee a winner, they need to sell
the vast majority of the 25.8 million
combinations and then it is still ify.)

"Roll" Sales (25 draws): Est $19,968,201
"Roll" sales is how much they've sold for all draws
since the Dec 30, 2023 draw. The winners share
of sales is carried forward until there is a winner
and is kept in the "prize pool." The winner is
entitled to receive at least 40.47% of roll sales
which essentially means, all that is in the
jackpot prize pool. More info below ...

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- Re-Cap of Lotto TX Wins -
2023 - 2024

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Re-Cap Dec 30, 2023 Lotto Win
One winning ticket - Advertised @ $34 Million
Quick Pick - Sold in Austin
"ROLL" Sales (52 draws) were: $49,927,192
In Jackpot Prize Pool: $20,205,535
Net Winnings (Minimum Tax 25%): $15,153,544
Rate/Factor on Friday, 12/29/23: 1.7011%
Rate/Factor on Tuesday, 01/02/24: 1.7271122
Investment Cost: $19,686,040
Minimum Tax 25%: N/A
As per the rule, the TLC will be paying the winner
the amount in the jackpot prize pool which is
40.47% of roll sales and will deduct 25% for taxes.

Retailer: HEB, 7025 Village Center, Austin
Winner: Anonymous winner collected 1/29/24

---------------

Re-Cap Aug 30, 2023 Lotto Win
One winning ticket - Advertised @ $6.25 Million
Self Pick - Sold in Pearland
"ROLL" Sales (6 draws) were: $4,579,103
In Jackpot Prize Pool: $1,853,163
Net Winnings (Minimum Tax 25%): N/A
Rate/Factor on Wednesday, 08/30/23: 1.7458%
Rate/Factor on Thursday, 08/31/23: 1.74364157
Gross Winnings (Investment Cost): $3,584,452
Net Winnings (Minimum Tax 25%): $2,688,339
As per the rule, the TLC will be paying the cost to fund
based on the factor on the first working day following the
win which will be Thursday, Aug 31, 2023. The TLC is short to
fund this win by <$1,731,289>. The Lotto Texas reserve
fund has been depleted. Just since July 31, 2010, the TLC has had
to take an est <$112,905,498> from either their operating account
or the School Fund to pay Lotto Texas jackpot prizes.

Retailer: Krogers, 11003 Shadow Creek, Pearland
Winner: Collected on 9/6/23 and the Houston
winner chose to remain anonymous

Re-Cap Aug 16, 2023 Lotto Win
One winning ticket - Advertised @ $17 Million
Self Pick - Sold in Dallas
"ROLL" Sales (26 draws) were: $24,176,224
In Jackpot Prize Pool: $9,784,118
Net Winnings (After Minimum Tax 25%): $7,338,088

Rate/Factor on Wednesday, 08/16/23: 1.7653%
Rate/Factor on Thursday, 08/17/23: 1.7797953
Investment Cost: $9,551,660
After Minimum Tax 25%: $7,163,745
As per the rule, the TLC will be paying the winner
the amount in the jackpot prize pool which is
40.47% of roll sales and deducting 25% for taxes.

Retailer: 7-Eleven, 7650 Campbell Rd, Dallas
Winner: McKinney winner chose to remain anonymous
- collected his winnings on 9/7/23

---------------------

Re-Cap June 17, 2023 Lotto Win
One winning ticket - Advertised @ $8 Million
Quick Pick - Sold in Weatherford
"ROLL" Sales (13 draws) were: $10,282,064
In Jackpot Prize Pool: $4,161,151
Net Winnings (Minimum Tax 25%): N/A
Rate/Factor on Friday, 06/16/23: 1.6653%
Rate/Factor on Tuesday, 06/20/23: 1.672136993
Gross Winnings (Investment Cost): $4,784,297
Net Winnings (Minimum Tax 25%): $3,588,222
As per the rule, the TLC will be paying the cost to fund
based on the factor on the first working day following the
win which will be Tuesday, June 20, 2023. The TLC is short to
fund this win by <$623,145>. The Lotto Texas reserve
fund has been depleted. Just since July 31, 2010, the TLC has had
to take <$111,174,209> from either their operating account
or the School Fund to pay Lotto Texas jackpot prizes.

Retailer: Tiger Mart, 102 E I 20, Weatherford
Winner: Chose to remain anonymous - collected his
prize (amount shown above) 8/21/23

-----------------

Re-Cap May 17, 2023 Lotto Win
One winning ticket - Advertised @ $7.5 Million
Self Pick - Annual Pay - Sold in Mansfield
"ROLL" Sales (11 draws) were: $8,569,738
In Jackpot Prize Pool: $3,468,172
Net Winnings (Minimum Tax 25%): N/A
Rate/Factor on Wednesday, 05/17/23: 1.6481%
Rate/Factor on Thursday, 05/18/23: 1.672621571
Gross Winnings (Investment Cost): $4,483,979
Net Winnings (Minimum Tax 25%): $3,362,984
Winner will receive $250K per year for 30 years

As per the rule, the TLC will be paying the cost to fund
based on the factor on the first working day following the
win which will be Thursday, May 18, 2023. The TLC is short to
fund this win by <$1,015,806>. The Lotto Texas reserve
fund has been depleted. Just since July 31, 2010, the TLC has had
to take <$110,551,064> from either their operating account
or the School Fund to pay Lotto Texas jackpot prizes.

Retailer: One World Grocery, 2881 Hwy 157, Mansfield, TX
Winner:
Arlington Resident collected his winnings, $250K per
year (gross), on 5/31/23. He chose to remain anonoymous.

-----------------

Re-Cap April 22, 2023 Lotto Win
A "Bought" Jackpot ... Shame on Texas

One winning ticket - Over Advertised @ $95 Million
was sold via an app Mido Lotto - **Self Pick - CVO
"ROLL" Sales (93 draws) were: $138,228,548
In Jackpot Prize Pool: $55,941,093
Net Winnings (Minimum Tax 25%): $N/A
Rate/Factor on Friday, 04/21/23: 1.6508%
Rate/Factor on Monday, 04/24/22: 1.643474246
Gross Winnings (Investment Cost): $57,804,374
Net Winnings (Minimum Tax 25%): $43,353,280

As per the rule, the TLC will be paying the cost to fund
based on the factor on the first working day following the
win which will be Monday, April 24, 2023. The TLC is short to
fund this win by <$1,863,281>. The Lotto Texas reserve
fund has been depleted. Just since July 31, 2010, the TLC has had
to take <$109,535,258> from either their operating account
or the School Fund to pay Lotto Texas jackpot prizes.

Retailer As Reported by the Texas Lottery:
"Lottery Now" 5200 Colleyville Blvd, Colleyville
Problem is, there is NO retail store at this address.
Lottery Now owns an app called Mido Lotto -
where players can buy lottery tickets online or
through cell phones. Players pay MORE than $1 per
ticket. A story will be posted by Tues (4/25/23) pm.
Winner: Partnership - Rook TX LP, Scotch Plains, New Jersey
Winner collected on 6/28/23 and chose to remain anonymous

** Tickets sold via the internet or cell phones are
generally Quick Picks. But the tickets do not have a
"QP" printed on them because they are not generated
by the Texas Lottery. The TLC's count of QP's vs
Self Picks is no longer an accurate count.

--------------------

Re-Cap of Wins ... Continued ...
Lotto Texas Winners 2008 - 2009, Click here
Lotto Texas Winners 2010 - 2011, Click here
Lotto Texas Winners 2012 - 2013, Click here
Lotto Texas Winners 2014 - 2015, Click here
Lotto Texas Winners 2016 - 2017, Click here
Lotto Texas Winners 2018 - 2019, Click here
Lotto Texas Winners 2020, 2021,
2022, 2023, 2024 Click here

-------------------------------

To see a complete breakdown of all rolls
and all wins since 2000,
Click Here.

--------------------

Why Aren't Lotto Jackpots Increasing More?
Why No Winners?

See it for yourself - updated 06/1/10. Click here.


Schools

The schools do NOT see ADDITIONAL money as a result of lottery sales.
Whatever the lottery contributes to the School Foundation Fund just lessens the
amount the state has to take from the General Revenue Fund to place into the
school fund. Lottery money is not IN ADDITION to the budgeted amounts.
See San Antonio's WOAI TV newscast regarding lottery money for
education, click here then click on "Watch this story."


Important Tidbits


The amount you see advertised, "$15 Million" represents the approximate
amount one would collect AFTER the money you actually won
was invested for 25 years. The "$15 Million" includes the interest
earned from your actual winnings which is 40.47% of roll sales.
It's just like being a commissioned sales person.

If you chose Cash Value Option, the amount shown above is the exact amount you have
coming ... less taxes. I hope you marked CVO on your playslip.

If you chose Annual Pay, the amount shown above is how much the TLC should invest
for you minus your first payment. The Texas Lottery buys securities that are backed by
the US government called "zero's/strips." You are "suppose" to receive ALL of the
earnings from your investment. At the time you collect your prize in Austin, before
signing ANY papers, I strongly urge you to request copies of the actual investments made
on your behalf. Those papers will include your "CUSIP" numbers and then you will be
able to track the earnings through the U. S. Treasury. You should also obtain the rate
to verify the return. How to do this is shown on the same page with the zero's/strips
and CUSIP numbers - it's the last section on the page.

Advise to Players/Winners

1. Do NOT buy lottery tickets online. They are NOT legal. There are some sites that are
selling Texas tickets for $2 apiece. Don’t fall prey to this for SEVERAL reasons ... #1 -
You don’t know for sure that the site will really buy you a ticket - they could just pocket
your money; #2 - Lottery tickets sell for $1 apiece and its against the law to pay more
than that for a ticket - if you were to win - the TLC would not validate [pay] the ticket;
#3 - only licensed retailers can make a profit - of .05 cents - for selling lottery tickets;
#4 - It is against the law to use a credit card for purchasing lottery products.

2. Mark your playslip CVO (cash value option) - Do NOT choose Annual Pay.
Then there will be no doubt that you will receive all that you really won which is
in essence, 40.47% of total sales in the ROLL - Update - In Nov 2005, Texas
changed its rule. They now guarantee the greater of either the "investment cost" or
the amount in the prize pool.

Unlike most other states, Texas does not allow players to choose which way
they want to receive their winnings after they won - Texas makes players choose
annual pay or cash value option at the time the ticket is purchased. The TLC claims
it has something to do with the IRS. But a quick call to the IRS asking which option
players should take will result in the answer being CASH VALUE OPTION.

3. Should you actually win - don’t do anything for 30 days - calm down first. In the meantime,
hire a lawyer and an accountant to help you understand investments and finance. Don’t tell
anyone that you’ve won and buy excessive insurance. Put your signed winning ticket in a
bank box - borrow maybe $50,000 to just blow - get it out of your system.


Other Related Links

Lotto Texas Changed Again - Effective 4/23/06
Read details pertaining to the changes. Click here

Lotto Texas Official Game Rule, Effective 4/23/06
Click here (pdf)

For a better understanding about investments,
securities, zero's, strips ... and ... if you are a
previous winner, see how you can determine if
you are really receiving ALL of your winnings.
Click here.

Lotto draws that sold the most tickets, click here.

Lotto Texas "draw" sales includes jackpot
amounts since inception, click here.

Lotto Texas wins by the "roll" - (includes the
current roll) shows prize breakdown, draw and
roll sales, who won, plus much more click here.

Pick3 sales by the draw, click here.
Cash5 sales by draw/week, click here.
Texas 2 Step sales by the roll, click here

All or Nothing, click here
Texas Triple Chance, click here
Mega Million sales by draw, click here.
Powerball sales by the draw, click here.
Mega Million sales by STATE and draw, click here.
Compare Powerball and Mega Million sales, click here.

Texas Lotto Report
Dawn Nettles
P. O. Box 495033
Garland, Texas 75049-5033
(972) 686-0660
lottoreport@tx.rr.com