Texas Lottery

About The Depleted
Lotto Texas Reserve Fund ...
TX Overpaid Lotto TX Winners

Lottery SALES



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Originally Posted: Sept 21, 2013
Revised: July 19, 2017
Will be revised when the
TLC is short to fund a Lotto Texas win

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Cash 5, Texas 2 Step, Daily 4, Pick3.
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Texas Lottery overpaid Lotto Texas winners
by $84.5 million between July 31, 2010 thru
July 7, 2016. Here's the lucky "overpaid" wins.

Understanding What The Lotto Texas
"Reserve Fund" Was

Prior to 4/23/06, 2% of the players share of sales was placed
in "reserve" just in case extra money was needed to pay the
"guaranteed prizes." Additionally, in previous years, the TLC
actually transferred "reserve" monies [millions] to the General
Revenue Fund even though it came from "our" share of sales.
That money should have been paid out in prizes but never was.
The TLC has told players that they return either "50% or 55% or
52%" [the percentages varied by matrix] to the players - by way
of prizes - even though this has never really been the case.

They are no longer holding a percentage in reserve which is good. The
money in reserve will now be used - when & if it's needed - to fund the
jackpot prize when sales do not support the amount advertised. A jackpot
winner has a "guarantee" that he will receive either the amount in the prize
pool or the investment cost - whichever figure is the greatest. They will also
use the reserve funds to pay the $3 "guaranteed" prizes IF there is not enough
in the 3 of 6 prize pool. I'll track the monies and keep the balances posted at
all times so we'll know if we are truly receiving our share [50%] of sales.

- Lotto Texas Reserve Fund Depleted -
Amount taken from TLC Operating Acct or School Fund
to fund Lotto Texas jackpot winners and low tier winners:
(As of 07/20/17):
<$86,195,824>
(Taken for jackpot winners only - 07/20/17: <$85,948,000>)

Beginning balance (as of 4/23/06) in Reserve: $14,104,529
(Note: Just so that you know, $9,477,249 was added to reserve
between May 4, 2003 through April 23, 2006 (5/44 matrix)
and there was $4,627,280 in reserve prior to May 4, 2003.
)

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

- History of "Jackpot" Deductions From Reserve Since 4/23/06 -
As of May 6, 2009 - there is no money in reserve. Shortage will be
paid from TLC's operating acct or the school fund monies.
(Sales did not support advertised amount)

8/31/06: Deducted <$96,222> from Reserve to fund Lotto Texas jackpot
9/23/06: Deducted <$667,337> from Reserve to fund Lotto Texas jackpot
4/21/07: Deducted <$997,113> from Reserve to fund Lotto Texas jackpot
(Ironically, the 4/21/07 jackpot went unclaimed)
5/23/07: Deducted <$286,575> from Reserve to fund Lotto Texas jackpot
3/29/08: Deducted <$1,136,033> from Reserve to fund Lotto Texas jackpot
4/12/08: Deducted <$1,642,954> from Reserve to fund Lotto Texas jackpot
5/31/08: Deducted <$207,826> from Reserve to fund Lotto Texas jackpot
10/18/08: Deducted <$536,881> from Reserve to fund Lotto Texas jackpot
11/01/08: Deducted <$1,637,943> from Reserve to fund Lotto Texas jackpot
12/06/08: Deducted <$1,712,747> from Reserve to fund Lotto Texas jackpot
12/24/08: Deducted <$2,431,880> from Reserve to fund Lotto Texas jackpot
04/08/09: Deducted <$1,498,238> from Reserve to fund Lotto Texas jackpot
05/06/09: Deducted <$1,344,791> from Reserve to fund Lotto Texas jackpot
(5/6/09 Ticket never claimed. How do we know there was a winning ticket?)
Lotto Texas Reserve Fund Has Been Depleted
07/31/10: Deducted <$1,188,788> from School fund or TLC operating account to fund
08/11/10: Deducted <$2,186,208> from School fund or TLC operating account to fund
(8/11/10 Ticket never claimed. How do we know there was a winning ticket?)
08/28/10: Deducted <$2,279,721> from School fund or TLC operating account to fund
09/15/10: Deducted <$2,308,335> from School fund or TLC operating account to fund
10/30/10: Deducted <$2,325,354> from School fund or TLC operating account to fund
12/01/10: Deducted <$2,314,246> from School fund or TLC operating account to fund
12/04/10: Deducted <$2,002,687> from School fund or TLC operating account to fund
03/09/11: Deducted <$322,607> from School fund or TLC operating account to fund
04/20/11: Deducted <$1,676,809> from School fund or TLC operating account to fund
06/15/11: Deducted <$2,460,040> from School fund or TLC operating account to fund
06/22/11: Deducted <$2,204,182> from School fund or TLC operating account to fund
09/07/11: Deducted <$3,571,596> from School fund or TLC operating account to fund
12/10/11: Deducted <$3,955,105> from School fund or TLC operating account to fund
02/15/12: Deducted <$3,724,195> from School fund or TLC operating account to fund
05/12/12: Deducted <$4,179,729> from School fund or TLC operating account to fund
05/16/12: Deducted <$2,531,093> from School fund or TLC operating account to fund
07/28/12: Deducted <$5,950,396> from School fund or TLC operating account to fund
11/07/12: Deducted <$6,870,746> from School fund or TLC operating account to fund
01/05/13: Deducted <$4,867,123> from School fund or TLC operating account to fund
02/20/13: Deducted <$4,719,735> from School fund or TLC operating account to fund
03/16/13: Deducted <$3,665,411> from School fund or TLC operating account to fund
03/20/13: Deducted <$2,507,847> from School fund or TLC operating account to fund
04/03/13: Deducted <$3,137,171> from School fund or TLC operating account to fund
04/13/13: Deducted <$2,940,580> from School fund or TLC operating account to fund
--- Rule Change 04/14/13 - Purpose was to NOT be short to fund jackpot when won ---
05/11/13: Deducted <$425,447> from School fund or TLC operating account to fund
10/19/13: Deducted <$118,609> from School fund or TLC operating account to fund
11/09/13: Deducted <$1,048,160> from School fund or TLC operating account to fund
08/16/14: Deducted <$20,660> from School fund or TLC operating account to fund
10/15/14: Deducted <$97,648> from School fund or TLC operating account to fund
03/25/15: Deducted Est <$44,992> from School fund or TLC operating account to fund
(3/26/15 - Interest factor increased from 1.3651% to 1.382594% reducing the investment cost.
They were NOT short to fund the March 25, 2015 Lotto Texas win based on the reported
factor increase. The winners will receive the amount in the jackpot prize pool.
)
04/29/15: Deducted <$503,237> from School fund or TLC operating account to fund
10/10/15: Deducted <$2,799,845> from School fund or TLC operating account to fund
10/14/15: Deducted <$3,108,732> from School fund or TLC operating account to fund
07/06/16: Deducted <$2,536,655> from School fund or TLC operating account to fund
03/26/17: Deducted <$90,309> from School fund or TLC operating account to fund
07/19/17: Deducted <$1,309,094> from School fund or TLC operating account to fund

---------

Financial Links
Pick3 - sales and payouts, click here
Daily 4 - sales and payout, click here
All or Nothing - sales and payouts, click here
Lotto Texas - prizes & sales, click here
Texas 2 Step - prizes & sales, click here
Cash 5 - prize amounts & sales, click here
Triple Chance, sales, prizes & percentage returned, click here
Mega Millions - Lottery Sales by the draw, click here
Mega Millions - Lottery Sales by State, click here
Lotto Texas - Lottery Sales by the draw, click here
Powerball - Lottery Sales by the draw, click here


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