Richard Lustig is an American man who came to prominence for winning relatively large prizes in seven state-sponsored lottery games from 1993 to 2010. His prizes total over $1 million. He wrote Learn How To Increase Your Chances of Winning the Lottery.
Video Richard Lustig
Wins
Lustig's total wins amount to a value of $1,052,205.58 (before taxes). Two of those wins were holidays rather than cash prizes, valued at $8,560.66 total. His first win was in 1993, and the last one in 2010. The wins were made up of:
List of 7 wins:
- Win 1: $10,000 - Jan 1993 (scratch-off ticket)
- Win 2: $13,696.03 - Aug 1997 (Florida Fantasy 5)
- Win 3: "Wheel of Fortune" Holiday trip to Los Angeles - June 2000 (valued at $3,594.66) (scratch-off ticket "2nd chance drawing")
- Win 4: Elvis Holiday trip to Memphis - Oct 2001 (valued at $4,966) (scratch-off ticket "2nd chance drawing")
- Win 5: $842,152.91 - Jan 2002 (Florida Mega Money)
- Win 6: $73,658.06 - Nov 25th 2008 (Florida Fantasy 5)
- Win 7: $98,992.92 - Aug 9th 2010 (Florida Fantasy 5)
Maps Richard Lustig
Publicity
Lustig's seven lottery wins has been featured on the financial web site CNN Money. His book "Learn How to Increase Your Chances of Winning the Lottery" was ranked #3 on Amazon's self-help book list in 2013.
Method
In an interview with ABC News, Lustig explained that his method is to re-invest all of his winnings back into the lottery. He also recommends using hand-picked sequential numbers and using the same numbers repeatedly.
Criticism
Personal finance author Zac Bissonnette has characterized Richard Lustig's recommendations as "dangerous", further noting the odds of winning any lotto prize are low and Lustig's advice to play sequential numbers is statistically inferior to selecting random numbers for each drawing. Financial journalist Felix Salmon wrote that given Lustig's habit of using much of his winnings to buy more lotto tickets it's unclear if he has kept more in prize money than he spent on lotto tickets: "[Lustig] never actually comes out and says that he's a net winner." CNN Money has taken their video down after a firestorm of criticism.
References
External links
- "Richard Lustig's Website".
Source of the article : Wikipedia
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