ST Alpha - "We have. We just never figured out the financing and logistics" (Reading a Post)

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In response to "Why didn't we think of this? 3 Europeans engineered $95M Texas Lotto win with over 25M tickets -- (link)" by oblique

We have. We just never figured out the financing and logistics

Posted by JD (aka Jason Dean) Oct 14 '24, 08:25

As well as there's a fear that there's multiple winners and big prize being split.

So the theory goes (we've discussed it), buy all the tickets, win all the prizes. Like all the prizes. Everything from free tickets to at least a portion of the grand prize. Not sure we ever did the math as to how much all the non jackpot prizes add up to.

Issues

1) Bankroll. As usual, gotta have money to make money

2) Logistics. That's a mucho, mucho, mucho tickets to be purchased. How do you actually do that? Do you trust the as small as possible but still probably small army of people and retailers needed to process the pre-made out play slip that ensure you're getting all the numbers

Responses:

Quick and dirty, you’d need well over a $2 billion jackpot to break even after taxes, even accounting for the minor prizes I’m guessing. - znufrii Oct 14, 10:05
and you risk the off chance someone else picks the same winning numbers; that $20M profit turns into a loss -- nm - Beaker 🍻 Oct 14, 08:27 2
- IIRC they just run quick picks, which typically leaves nearly 20% of the combos uncovered even if you 2x as many as possible combos -- nm - zeitgeist Oct 14, 10:10
- Agreed. See point 1 of the IM 8-) -- nm - JD Oct 14, 08:28

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We have. We just never figured out the financing and logistics

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