All It Takes To Win $1M Powerball Prize? Playing The Same Numbers For Decades

All It Takes To Win $1M Powerball Prize? Playing The Same Numbers For Decades

The odds of you or me winning the Powerball are pretty darn slim. But who knew that if you could only have the patience to dedicate yourself entirely to just one set of numbers, and play them constantly over two decades, that you could reap say, a $1 million Powerball prize? Here’s where we point to a guy who did just that. [More]

$1 Million Lottery Prize Goes Unclaimed, Split Between Boring Worthy Causes

$1 Million Lottery Prize Goes Unclaimed, Split Between Boring Worthy Causes

Did you buy a Powerball ticket in an Indiana Circle K convenience store in April? Do your usual numbers include 1, 36, 40, 52, and 53? Um, you should probably sit down. [More]

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NJ Lottery: Gambling Addiction Is Not A Merry Holiday Gift For Your Child

Sure, you can’t take your favorite 10-year-old niece with you to your favorite casino to feed electronic quarters into a dazzling slot machine until her eyes glaze over and she enters a gambling-induced trance. That’s generally illegal. What’s perfectly legal, though, is buying her a nice pile of instant lottery tickets to play. You have to be 18 years old to buy scratchers, but not to play them. Which is why the New Jersey State Lottery and the state Council on Compulsive Gambling put out a statement this week warning that giving lottery tickets to kids might just win them a lifetime of gambling addiction. [More]

New Branch Promotion Turns ATMs Into No-Lose Slot Machines

New Branch Promotion Turns ATMs Into No-Lose Slot Machines

How can you spice up a routine visit to the ATM? Easthampton Savings Bank in Massachusetts is promoting a new branch by turning its ATM into a sort of no-lose slot machine. They call it the “ATM Gone Mad,” because sometimes it will dispense $50 bills in place of the normal $20 bills. Cute promo. One local blogger finds it amusing that this is going on around the same time that the nearby city of Springfield is considering a downtown casino proposal from MGM Grand. All of the fun of gambling, none of the risk of financial ruin. But what’s the fun if there’s no chance of destroying your family’s future? [More]

Powerball Makes It "Two Dollars And A Dream"

Powerball Makes It "Two Dollars And A Dream"

Those whose retirement strategy is to buy a Powerball ticket and pray will have to double down on their investments. Starting Jan. 15, the multi-state mega-lottery will increase its ticket prices from $1 to $2. The price bump follows the lead of scratch-off tickets, many of which come in much larger denominations. [More]

How To Beat Scratch Lottery Tickets

How To Beat Scratch Lottery Tickets

WIRED reports how a geological statistician figured out how to beat a scratch-off lottery ticket game, discovering a simple trick hidden in the numbers that let him pick winners 90% of the time before scratching the tickets at all. What’s more is that the exploit he stumbled across can be repeated again and again against so-called “extended play” or “baited hook” tickets, spreadsheet-like scratch-offs featuring rows and rows of numbers and near-miss combinations. [More]

A Lottery That Encourages Savings And No One Loses? America Hates It

A Lottery That Encourages Savings And No One Loses? America Hates It

Prize-Linked Savings plans are these things where a tiny bit of the interest on all the participants’ savings accounts get pooled together. Then on a regular basis someone gets randomly selected for a giant cash prize! The instruments have done well in other countries for years, encouraging people to save instead of wasting their money on a hopeless game. Naturally, America hates it. [More]

Avoid The Lottery: Play This Deeply Depressing Lottery Simulator Instead

Avoid The Lottery: Play This Deeply Depressing Lottery Simulator Instead

There are lots of things that you would probably do if you won the lottery. Pay off your family members’ mortgages, fill a Jacuzzi with hot chocolate, buy a water park, or donate to your favorite blog. However, a basic understanding of math will force you to admit that there are much better places for your dollar than the lottery’s coffers. You can, however, simulate the experience of playing the lottery for decades at a time without ever spending money on a ticket. This handy web app simulates the experience of playing the same numbers in the multi-state MegaMillions game for as long as ten years. [More]

Chase Declares New York State Lottery 'Illegal Internet Gambling'

Chase Declares New York State Lottery 'Illegal Internet Gambling'

Not everyone is fond of state lotteries, but you know what they’re not? Illegal. Still, Tim shared his experience with the New York State Lottery and his credit card company, Chase, where the bank chose to treat his lottery subscription payment as a cash advance, with the $10 fee and astronomical interest rate that goes along with it. [More]

You're More Likely To Go Bankrupt From Winning A Lottery Than To Win One

You're More Likely To Go Bankrupt From Winning A Lottery Than To Win One

The tiny chances of winning a lottery don’t stop people from playing. And even if you do win, there’s a chance you’ll only get 50% of the advertised winnings, after taxes. The house always wins. This big ol infographic breaks down the numbers for you: [More]

Poor People Spend 9% Of Income On Lottery Tickets

Poor People Spend 9% Of Income On Lottery Tickets

A recent study found that poor folks – households earning under $13,000 per year – spend about 9% of all their income on lottery tickets. [More]

Crafty Michigan Credit Unions Implement A Lottery Worth Playing

Crafty Michigan Credit Unions Implement A Lottery Worth Playing

Save to Win gives Michigan residents the chance to win the lottery simply by purchasing a certificate of deposit. Here’s how it works: residents who contribute at least $25 into a Save to Win CD are automatically entered into monthly drawings for a $400 raffle, and an annual drawing for a $100,000 jackpot. Even if you don’t win, you still have an interest bearing CD.

Study: The Poorer You Feel, The More Lottery Tickets You Buy

Study: The Poorer You Feel, The More Lottery Tickets You Buy

Very Short List notes that “America’s lotto kiosks are currently reporting heretofore unheard-of earnings,” despite the average rate of return—53%—being less than slot machines. Researchers at Carnegie Mellon recently completed a study in which they primed people to feel relatively poor, then offered them a chance to buy lottery tickets, and the results suggest that the poorer you feel, the more likely you’ll waste your money on a lottery.

These Pennsylvania Lottery Mascot Costumes Were Poorly Thought Out

These Pennsylvania Lottery Mascot Costumes Were Poorly Thought Out

Quinto is a new lottery game from Pennsylvania, and their mascot is a bunch of fingers, we’re guessing. We can’t figure out how these mascot costumes made it from concept to on-the-street reality, though. We like how the guy in this photo seems to be thinking, “What exactly am I posing with?”

Lawsuit Says Verizon's Text Message TV Show Contests Are "Illegal Gambling"

Lawsuit Says Verizon's Text Message TV Show Contests Are "Illegal Gambling"

A class-action lawsuit has been filed in California against Verizon and several third-party companies, alleging that they promoted illegal gambling by enticing customers to pay to enter contests in which there was an “infinitesimally” small chance of winning, reports RCRWireless. “The suit centers on 99-cent charges levied on wireless consumers who played contests associated with popular TV shows like ‘Deal or No Deal’ and ‘Sole Survivor.’” The plaintiffs claim that the contests were less promotional sweepstakes than “illegal lotteries designed to generate revenues far in excess of the value of the cash awarded.”