Reversal of Fortune
Eight years ago, 42 people in the West Texas town of Roby—7 percent of the population—pooled their money, bought lottery tickets, and won $46 million. And that's when their luck ran out.
Eight years ago, 42 people in the West Texas town of Roby—7 percent of the population—pooled their money, bought lottery tickets, and won $46 million. And that's when their luck ran out.
A billion-dollar drop in revenue? You bet. How politics ruined the Texas lottery.
The Texas Legislature may have killed the goose that laid the golden egg—and Governor George W. Bush’s goose could be cooked—if dire forecasts about state lottery revenue prove to be correct. To balance the state budget this past spring, lawmakers cut the winners’ share of lottery revenue from 55.5 percent
Scratch the surface of the Texas Lottery and you’ll find political opportunism, a cynical marketing campaign, and endless hype.
When everything’s at sixes and sevens, give Turk’s tips a whirl.