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 Sept 26, 2020
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 09/26/20 jackpot
is advertised at $45.5 million and is the 73rd drawing in the roll.
(April 14, 2013 - New Lotto Texas Rule)

Est From ROLL Sales: $38,675,128
Est Cost To Fund Jackpot: $38,588,754

Taking the greater of the two figures above ...
After Minimum Taxes (CVO): Est $29,006,346
Short to Fund Jackpot: -0-


Cost Based on Rate/factor (30 Years): 1.1791%
(Will owe more in taxes at end of year)

(Actual sales figures to come Monday, Sept 28, 2020)
Ticket Sales For This Draw (09/26/20): Est $2,892,197
(Free tickets this draw: $?? not deducted)
Allocated to pay the jackpot winner from
just the Sept 26 drawing: Est $1,170,472

("Draw Sales" - Represents how many
tickets were sold for the 09/26/20 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 (73 draws): Est $95,564,932
"Roll" sales is how much they've sold for all draws
since the Jan 18, 2020 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 ...

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Re-Cap Jan 15, 2020 Lotto Texas Win
One winning ticket - Advertised @ $17.5 Million
was sold in Laredo - Quick Pick - CVO.
"Roll" Sales (32 draws) were: $32,986,036
In Jackpot Prize Pool: $13,349,449
Net Winnings (Minimum Tax 25%): $10,012,087
Rate/Factor on Wednesday, 01/15/20: 1.3134%
Rate/Factor on Thursday, 01/16/20: 1.34577144%
Investment Cost: $13,003,694
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: Laredo: Stripes, 5301 McPherson
Winner: Anonymous, Collected
(Gross) $13,349,449 on 1/30/20

Re-Cap Sept 25, 2019 Lotto Win
One winning ticket - Advertised @ $23.75 Million
was sold in Montgomery - Quick Pick - CVO
"DRAW" Sales (41 draws) were: $44,334,128
In Jackpot Prize Pool: $17,942,022
Net Winnings (Minimum Tax 25%): $N/A
Rate/Factor on Wednesday, 09/25/19: 1.3073%
Rate/Factor on Thursday, 09/26/19: 1.3145028
Gross Winnings (Investment Cost): $18,067,668
Net Winnings (Minimum Tax 25%): $13,550,750
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, Sept 26, 2019. The TLC is short to
fund this win by <$125,646>. The Lotto Texas reserve
fund has been depleted. Just since July 31, 2010, the TLC has had
to take <$93,951,449> from either their operating account
or the School Fund to pay Lotto Texas jackpot prizes.

Retailer: Murphy USA, 18702 Hwy 05
Winner: $18,067,668 on Sept 27, 2019
Claimant chose to remain anonymous

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Re-Cap May 4, 2019 Lotto Win
One winning ticket - Advertised @ $6.25 Million
was sold in Houston - Quick Pick - CVO
"DRAW" Sales (6 draws) were: $5,796,721
In Jackpot Prize Pool: $2,345,933
Net Winnings (Minimum Tax 25%): $N/A
Rate/Factor on Friday, 05/03/19: 1.4590%
Rate/Factor on Monday, 05/06/19: 1.450155375%
Gross Winnings (Investment Cost): $4,309,883
Net Winnings (Minimum Tax 25%): $3,232,412
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, May 6, 2019. The TLC is short to
fund this win by <$1,963,950>. The Lotto Texas reserve
fund has been depleted. Just since July 31, 2010, the TLC has had
to take <$93,825,803> from either their operating account
or the School Fund to pay Lotto Texas jackpot prizes.

Retailer: Circle K, 16222 Wallisville, Houston
Winner: Blind Squirrels Trust of Friendswood
Collected $4,309,883 on July 3, 2019 -
Claimant chose to remain anonymous

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Re-Cap April 13, 2019 Lotto Texas Win
One winning ticket - Advertised @ $15.75 Million
was sold in Houston - Quick Pick - CVO.
"Roll" Sales (26 draws) were: $26,879,093
In Jackpot Prize Pool: $10,877,969
Net Winnings (Minimum Tax 25%): $8,158,477
Rate/Factor on Friday, 04/12/19: 1.4599%
Rate/Factor on Monday, 04/15/19: 1.461916518%
Investment Cost: $10,773,529
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: Houston: Teddy's Food Mart, 7702 Eastex Frwy
Winner: Anonymous Winner from Channelview.
Collected $10,877,987 on April 22,2019

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

Re-Cap Jan 12, 2019 Lotto Win
One winning ticket - Advertised @ $12.5 Million
was sold in Houston - Self Pick - CVO.
"Roll" Sales (21 draws) were: $21,127,710
In Jackpot Prize Pool: $8,550,384
Net Winnings (Minimum Tax 25%): $6,412,788
Rate/Factor on Friday, 01/11/19: 1.4818%
Rate/Factor on Monday, 01/14/19: 1.4810491% - $8,439,963
Investment Cost: $8,439,963
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: Houston: Everyday, 3301 Pinemont
Winner: Remained Anonymous
Houston Resident - Claimed prize 1/18/19

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Winners Re-Caps Continued ....
All Lotto Texas wins since 2008, click here

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

To see a complete bBreakdown of all rolls
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