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Retailers are also paid a selling bonus of up to 1 percent on the sale of top-prize winning tickets for Lotto, Easy 5, or Powerball (1% of Louisiana's contribution to the jackpot's cash value; for Powerball, a minimum bonus of $25,000). Retailer commission and incentives totaled $19.7 million in fiscal year 2009.
The winning ticket matched four of the five white-ball numbers drawn and the red Powerball number to win $50,000. The winning numbers for the Powerball drawing were 16-34-46-55-67, and the ...
In 1868, after years of illegal operation, the Louisiana State Lottery Company obtained a 25-year charter for its state lottery system. [3] The charter was passed by the legislature due to immense bribing from a criminal syndicate in New York. [3] The Louisiana Lottery Company derived 90% of its revenue from tickets sold across state borders. [3]
The Louisiana State Lottery became the most notorious state lottery and was known as the "Golden Octopus" as it reached into every American home using the U.S. Postal Service. [3] In 1890 the United States Congress banned the interstate transportation of lottery tickets and lottery advertisements, which composed 90% of the company's revenue.
Depending on the game, a minimum of either two or three numbers(not counting a "bonus ball") must be matched for a winning ticket(A 2/5 match usually results in a free play for that game, or a "break-even" win; for the latter, the player wins back their stake on that particular five-number wager.).
Ralph Laird of California created a computer program that randomized previous winning Lotto numbers. He went on to win $27.58 million, a California Lottery record high back in 1990!
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Jerry saw that you had a 1-in-54 chance to pick three out of the six numbers in a drawing, winning $5, and a 1-in-1,500 chance to pick four numbers, winning $100. What he now realized, doing some mental arithmetic, was that a player who waited until the roll-down stood to win more than he lost, on average, as long as no player that week picked ...