BELOW SUPERNAV drop zone ⇩

3 Europeans engineered $95M Texas Lotto win with over 25M tickets

  • London and Malta-based group bought 99% of the number combos
  • $26 million investment netted the group about $20 million
  • Texas Lottery trying to make it harder for a repeat attempt

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

maylen

https://digital-stage.newsnationnow.com/

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

(NewsNation) — The plan was simple, even if the execution was not: buy nearly every possible number combination in a drawing of the Texas Lottery.

Three men from Europe did it and won, netting a profit of about $20 million, but lottery officials have made changes to inhibit anyone else from trying it.

“It’s completely legal,” said Houston Chronicle investigative reporter Eric Dexheimer, who first reported the story. “There’s no law against buying as many lottery tickets as you possibly can.”

Dexheimer broke the story of some gambling entrepreneurs in Malta and London who spent nearly $26 million to acquire about 99% of the possible number combinations.

And it worked, as they held a winning ticket in the $95 million drawing held on April 22, 2023. After taking the lump sum payout of $57.8 million, the planners came away with a profit of about $20 million.

“They’re (Texas Lottery) putting some obstacles in place to make it less likely that it’ll happen again,” Dexheimer told NewsNation’s “Dan Abrams Live.”

One thing the Texas Lottery won’t do anymore, said Dexheimer, is to provide low-traffic lottery outlets with extra terminals. This allowed the planners to buy and print nearly 26 million tickets in the 72 hours between drawings.

“You collaborated with a group of sophisticated players,” Rep. Matt Shaheen said during a legislative hearing in August. “A significant percentage of lottery sales in Texas is to lower-income individuals, and I think they were taken advantage of.”

“There’s no question in my mind that the integrity (of the lottery) was lost in this process,” added Sen. Tan Parker. “I’m even more concerned with the report that it seemed as if staff was supportive of and working with the organization.”

Southwest

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Sunny

la

59°F Sunny Feels like 59°
Wind
2 mph W
Humidity
36%
Sunrise
Sunset

Tonight

Clear to partly cloudy. Low 47F. Winds light and variable.
47°F Clear to partly cloudy. Low 47F. Winds light and variable.
Wind
2 mph NNE
Precip
9%
Sunset
Moon Phase
Waning Gibbous