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 June 21, 2017
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 06/21/17 jackpot
is advertised at $5 million and is the 1st drawing in the roll.
(April 14, 2013 - New Lotto Texas Rule)

From ROLL Sales: $364,018
Est Cost To Fund Jackpot: $3,533,319

Taking the greater of the two figures above ...
After Minimum Taxes (CVO): Est $2,649,989
Short to Fund Jackpot: Est <$3,169,302>


Cost Based on Rate/factor (30 Years): 1.4151%
(Will owe more in taxes at end of year.
)


Ticket Sales For This Draw (06/21/17): $899,475
(Free tickets this draw: $0 not deducted)
Allocated to pay the jackpot winner from
just the June 21 drawing: $364,018

("Draw Sales" - Represents how many
tickets were sold for the 06/21/17 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 (1 draw): $899,475
"Roll" sales is how much they've sold for all draws
since the June 21, 2017 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 ...

----------

Re-Cap June 17, 2017 Lotto Win
One winning ticket - Advertised @ $14.25 Million
was sold in Abilene - CVO - Quick Pick
"Roll" Sales (24 draws) were: $24,887,672
In Jackpot Prize Pool: $10,072,041
Net Winnings (Minimum Tax 25%): $7,554,031
Rate/Factor on Friday, 06/17/17: 1.4168%
Rate/Factor on Monday, 06/19/17: 1.4175671
Investment Cost: $10,052,434
Investment Cost after 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 deducting 25% for taxes.

Retailer: HEB, 1345 Barrow
Winner: To Come

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

Re-Cap March 25, 2017 Lotto Win
One winning ticket - Advertised @ $27.25 Million
was sold in San Antonio - Quick Pick - CVO
"Roll" Sales (41 draws) were: $46,193,643
In Jackpot Prize Pool: Est $18,694,567
Net Winnings (Minimum Tax 25%): $14,020,925
Rate/Factor on Saturday, 03/25/16: 1.4615%

Rate/Factor on Monday, 03/27/16: 1.450635%
Gross Winnings (Investment Cost): Est $18,784,876
Net Winnings (Minimum Tax 25%): $14,088,657
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, March 27, 2017. The TLC is short to
fund this win by <$90,309>. The Lotto Texas reserve
fund has been depleted. Just since July 31, 2010, the TLC has had
to take <$84,638,906> from either their operating account
or the School Fund to pay Lotto Texas jackpot prizes.

Retailer: San Antonio: HEB, 2130 Culebra (Quick Pick)
Winner: Norma Rios, San Antonio Collected 3/31/17

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

Re-Cap Nov 2, 2016 Lotto Win
One winning ticket - Advertised @ $20 Million
was sold in San Augustine - Quick Pick - CVO
"Roll" Sales (34 draws) were: $36,209,399
In Jackpot Prize Pool: $14,653,943
Net Winnings (Minimum Tax 25%): $10,990,458
Rate/Factor on Wednesday, 11/02/16: 1.3723%
Rate/Factor on Thursday, 11/03/16: 1.3777582%
Gross Winnings (Investment Cost): $14,516,335
Net Winnings (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 deducting 25% for taxes.

Retailer: San Augustine Chevron, San Augustine, TX
Winner: Byron Lee Sowell, of San Augustine Collected 11/21/16

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

Re-Cap July 6, 2016 Lotto Win
One winning ticket - Advertised @ $6 Million
was sold in Weatherford - Quick Pick - CVO
"Roll" Sales (5 draws) were: $5,136,711
In Jackpot Prize Pool: $2,078,827
Rate/Factor on Wednesday, 7/06/16: 1.2922%
Rate/Factor on Thursday, 7/07/16: 1.2999726%
Gross Winnings (Investment Cost): $4,615,482
Net Winnings (Minimum Tax 25%): $3,461,611
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, July 7, 2016. The TLC is short to
fund this win by <$2,536,655>. The Lotto Texas reserve
fund has been depleted. Just since July 31, 2010, the TLC has had
to take <$84,548,597> from either their operating account
or the School Fund to pay Lotto Texas jackpot prizes.

Retailer: Food Mart, 1405 S Main, Weatherford
Winner: Roy Gibson of Weatherford collected July 14, 2016

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

Re-Cap June 18, 2016 Lotto Win
One winning ticket - Advertised @ $13 Million
was sold in Arlington - CVO - Quick Pick
"Roll" Sales (23 draws) were: $24,426,286
In Jackpot Prize Pool: $9,885,318
Net Winnings - After Taxes - $7,413,988
Rate/Factor on Friday, 06/17/16: 1.3343%
Rate/Factor on Monday, 06/20/16: 1.3452143%
Investment Cost: $9,663,888
After (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 deducting 25% for taxes.

Retailer: Krogers, 2350 SE Green Oaks
Winner: Lance Larkin, Grand Prairie Collected June 30, 2016

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

Re-Cap March 30, 2016 Lotto Win
One winning ticket - Advertised @ $11.75 Million
was sold in Tomball - CVO - Quick Pick
"Roll" Sales (19 draws) were: $21,151,626
In Jackpot Prize Pool: $8,560,063
Net Winnings - After Taxes - $6,420,047
Rate/Factor on Wednesday, 03/30/16: 1.3872%
Rate/Factor on Thursday, 03/31/16: 1.3862983%
Investment Cost: $8,475,809
After (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 deducting 25% for taxes.

Retailer: Tomball: Quick Corner, 24814 Kuykendahl
Winner: Nhan Vo of Tomball collected 4/7/16

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

Re-Cap Jan 23, 2016 Lotto Win
One winning ticket - Advertised @ $20.25 Million
was sold in Bedford - CVO - Quick Pick
"Roll" Sales (29 draws) were: $36,025,408
In Jackpot Prize Pool: $14,579,483
Net Winnings - After Taxes - $10,934,612
Rate/Factor on Friday, 01/22/16: 1.4254%
Rate/Factor on Monday, 01/25/16: 1.4144465%
Investment Cost: $14,316,554
After (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 deducting 25% for taxes.

Retailer: Murphy USA, Bedford
Winner: NacKog Trust, Lynne M Chandler,
Vice President Collected 7/15/16

-------

Continued ....
Re-cap of Lotto Texas Wins, click here

-----

To See A Breakdown of All Draws
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 Relaed 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
(972) 681-1048 Fax
lottoreport@lottoreport.com