Texas Lotto Report - IF You Win Lotto Texas ...

If You Win The Lotto Texas Jackpot ...
Here's What You Really Won

Originally Posted: Wednesday, June 16, 2004
Revised: Will update for each draw

If you should win Lotto Texas or Mega Millions,
then click here and start getting educated.

If You Won Lotto Texas on November 21, 2009
The TLC adopted a new rule effective April 23, 2006. 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 11/21/09 jackpot
is advertised at $12 million and is the 9th drawing in the roll.

Est From Roll Sales: $7,238,034
Est Cost To Fund Jackpot: $7,791,701
Taking the greater of the two figures above ...
After Minimum Taxes (CVO): Est $5,843,776
Short to fund from sales: Est <$553,667>

Based on TX rate/factor: 1.5401%
Average 3 Bids (other lotteries): ??%
(Will owe more in taxes at end of year.)

Actual sales figures to come Monday, Nov 23, 2009
Draw Sales (11/21/09): Est $2,200,000
(Free tickets this draw: $?? - not deducted)
Allocated to pay the jackpot winner from
just the Nov 21st draw: Est $890,340
("Draw Sales" - Represents how many
tickets were sold for the 11/21/09 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 (9th draw): Est $17,884,937
"Roll" sales is how much they've sold for all draws
since the Oct 24, 2009 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
prize pool. More info below ...

Re-Cap Oct 21, 2009 Lotto Win
One winning ticket - Alvin -
Retailer: HEB Pantry Foods, 207 E South St.
Advertised @ $76M - Quick Pick Ticket
"Roll" Sales (48 draws) were: $120,775,876
Rate/Factor on Wednesday, 10/21/09: 1.5476%
Rate/Factor on Thursday, 10/22/09: 1.555556%
Cost to fund $76 Million on Thurs, 10/22/09: $48,857,116
Amount in Prize Pool: $48,877,997
Net Winnings (After minimum 25%
tax deduction): Est $36,658,497
Winner: Info to Come

Re-Cap May 6, 2009 Lotto Win
One winning ticket - Burleson -
Retailer: Big Country Mart
Advertised @ $11M - Self Pick Ticket
"Roll" Sales (8 draws) were: $14,299,343
Rate/Factor on Wednesday, 5/6/09: 1.5363%
Rate/Factor on Thursday, 5/7/09: 1.542402%
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 7, 2009. The TLC is short to
fund this win by <$1,344,791>. The excess funds will come
from the Lotto Texas reserve fund which is extremely low now.
Cost to fund $11 Million: $7,131,735
Net Winnings (After minimum 25% tax deduction): $5,348,800
Amount in Prize Pool To Fund: $5,786,944
Winner: This ticket went unclaimed. We have no way of knowing if there ever
was a winning ticket nor will we ever know if the winner had his ticket checked
by a lottery terminal where the terminal may have said "NOT A WINNER"

Re-Cap April 8, 2009 Lotto Win
One winning ticket - Houston - Retailer: Timewise
Advertised @ $10M - Quick Pick & Chose Annual Pay
"Roll" Sales (7 draws) were: $12,455,017
Rate/Factor on Wednesday, 4/8/09: 1.4938%
Rate/Factor on Thursday, 4/9/09: 1.529336%
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, April 9, 2008. The TLC is short to
fund this win by <$1,498,238>. The excess funds will come
from the Lotto Texas reserve fund.
Cost to fund $10 Million: $6,538,785
Net Winnings (After minimal 25% tax deduction): $300K YR
Amount in Prize Pool To Fund: $5,040,545
Winner: Oscar R. Martinez, Houston

Re-Cap March 14, 2009 Lotto Win
One winning ticket - Houston
Advertised @ $28M - Was Quick Pick & CVO
"Roll" Sales (23 draws) were: $46,943,119
Rate/Factor on Monday, 03/16/09: 1.518225%
Gross Winnings: $18,997,880
Net Winnings (After 25% tax deduction): $14,248,410
Winners: DVT Family, LP by DVT Investments GP, LLC,
General Partner by Donnie Tran, Manager of Houston
Collected $18,997,880 (gross) on 4/16/09

Re-Cap Dec 24, 2008 Lotto Win
Two winning tickets - Hurst & San Antonio.
Advertised @ $8M - Both were Quick Picks & CVO
"Roll" Sales (5 draws) were: $8,720,940
Rate/Factor on Tuesday, 12/23/08: 1.3810%
Rate/Factor on Monday, Dec 29, 2008: 1.3420019%
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, Dec 29, 2008. The TLC is short to
fund this win by <$2,431,880>. The excess funds will come
from the Lotto Texas reserve fund.
Gross Winnings (To be divided by two winners): $5,961,244
Net Winnings (After 25% tax deduction): 4,470,932
Amount in Prize Pool To Fund: $3,529,364
Winners:
1) San Antonio: Mark Monroe collected
$2,980,622 (gross) on 1/23/09
Mark Monroe Property Mgm Trust
2) Hurst: Delbert Morris collected
$2,980,622 (gross) on 1/16/09
Morris Family Trust

Re-Cap Dec 6, 2008 Lotto Win
One winning ticket - Advertised @ $13M was sold
in Lewisville - Self Picked Ticket - Annual Pay
"Roll" Sales (10 draws) were: $17,435,877
Rate/Factor on Monday, 12/08/08: 1.4824873%
As per the rule, the TLC will be paying the cost to fund
and not the amount in the prize pool. They are short to
fund by <$1,712,747>. The excess funds will come from
the Lotto Texas reserve fund.
Gross Winnings: $13 Million - $520K Per Year (25 Years)
Investment Cost - Cost To Fund $13 M: $8,769,046
Amount in Prize Pool To Fund: $7,056,299
Winner: JE Paradise Investments, Ltd,
Joni Eddy, President, Lewisville
Collected 12/19/08

Re-Cap Nov 1, 2008 Lotto Win
One winning ticket - Advertised @ $7M
was sold in Center - Quick Pick Ticket - CVO
"Roll" Sales (4 draws) were: $6,536,553
Rate/Factor on Monday, 11/03/08: 1.634259%
As per the rule, the TLC will be paying the cost to fund
and not the amount in the prize pool. They are short
to fund by <$1,637,943>. These funds will come from
the Lotto Texas reserve fund.
Gross Winnings: $4,283,286
Net Winnings (Minimum Tax 25%): $3,212,465
Winner: Gerald Brittain - Collected $3,212,465
on Nov 17, 2008

Re-Cap Oct 18, 2008 Lotto Win
One winning ticket - Advertised @ $18M was
sold in Corpus Christi - Quick Pick Ticket - CVO
"Roll" Sales (15 draws) were: $25,985,831
Rate/Factor on Monday, 10/20/08: 1.628466%
As per the rule, the TLC will be paying the cost to fund
and not the amount in the prize pool. They are short
to fund by <$536,881>. These funds will come from
the Lotto Texas reserve fund.
Gross Winnings: $11,053,346
Net Winnings (Minimum Tax 25%): $8,290,010
Winner: Bilma V. Lopez - Corpus Christi - Collected
$8.2 M on 10/29/08

Re-Cap Aug 27, 2008 Lotto Win
One winning ticket - Advertised @ $30M
was sold in Waco - Self Picked Ticket - CVO
"Roll" Sales (25 draws) were: $48,019,786
Rate/Factor on 8/28/08: 1.583671%
Gross Winnings: $19,433,607
Net Winnings (Minimum Tax 25%): $14,575,205
Winner: Merri Zilka of Waco
Collected Sept 4, 2008

Re-Cap May 31, 2008 Lotto Win
One winning ticket - Advertised @ $17M
was sold in San Antonio - Self Picked Ticket - CVO
"Roll" Sales (14 draws) were: $25,314,555
Rate/Factor on 6/02/08: 1.626386%
Gross Winnings: $10,452,626
Net Winnings (Minimum Tax 25%): $7,839,467
(The TLC will pay the investment cost as it's
greater than the amount in the prize pool.)
Short to fund this win: <$207,826>
Winner: Eddie Dreamkowski - San Antonio
Collected $10.4 Million on 6/5/08

April 12, 2008 Drawing
Two winning tickets - Advertised @ $7M -
were sold in Seguin & Cleveland.
Both Self Pick Tickets & Both Chose Annual Pay
"Roll" Sales (4 draws): $6,919,815
Rate/Factor on 4/14/08: 1.575369%
Cost to fund $7M: $4,443,404 (Amount to invest)
Short to fund jackpot based on sales: <$1,642,954>
Loss to state this roll - includes low tier prizes: <$1,708,467>
(Will take shortages from reserve)
Winners: Kathleen Blankemeyer, Trustee of
the Kathleen Blankemeyer Trust from Cleveland, TX
collected $3.5 Million on 8/29/08.
Seguin Winner: Kimberly J. Smith, Trustee, Petey
& Me Trust of Seguin collected $3.5 M on 9/19/08

To See A Breakdown of All Wins Since 2000, Click Here.

Why Aren't Lotto Jackpots Increasing More?
See it for yourself - updated 04/05/07. 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.