How a secretive team of gamblers called ‘the Joker’ took down the Texas lottery

As a teenager, with my buddies, we had similar ideas how hit the lottery jackpot, but we did not have the wherewithal to carry out the plans. Perhaps better this way!

Ten gallon hats are sometimes not enough! 😊 Just kidding!

"How a secretive gambler called ‘the Joker’ took down the Texas lottery.

A secretive team of gamblers hatched a scheme to snag a $57.8 million Texas lottery jackpot by buying up nearly every possible number. Politicians and watchdogs are calling it theft. The bettors say they followed all the rules."

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We Need to Stop Selling the Lottery as the Path to the Good Life

I did not read the whole article, but I have also noticed for many years that there is a problem with large scale, dominant government run lotteries in Western countries. It is a form of voluntary taxation for the promise that one taxpayer will win really big while many loose money. Unfortunately, too many low income players are enticed to participate and some of them wager huge sums on an extremely small probability of winning big!

We Need to Stop Selling the Lottery as the Path to the Good Life | Manhattan Institute: The advent of government-organized gambling, in the form of state lotteries, is one of our age’s most unnoticed social transformations. Before 1964, America had no such lotteries. Today, only five states don’t run their own, and most others permit interstate games such as Powerball, which...