Mass. Treasurer Cracks Down On Lottery Loophole
STEVE INSKEEP, host:
And today's last word in business is windfall.
In Massachusetts, a computer scientist, among others, discovered a loophole in one of the state's lottery games. It's called Cash Winfall, W-I-N-F-A-L-L.
Sometimes the big prize in that game increases to more than $2 million, and when that happens and nobody wins, the smaller prizes in that game also grow. In fact, the money you win for getting just a few of the numbers correct increases so much that if you buy enough tickets, you're almost guaranteed a profit.
According to the Boston Globe, some people were making money from this quirk in the lottery rules, buying up more than $100,000 worth of tickets at a time.
But just when you thought you had an answer to the federal deficit, the party may be over. Yesterday, the state's treasurer stopped the scheme by capping the number of tickets that any one store can sell in a day.
That's the business news on MORNING EDITION, from NPR News. I'm Steve Inskeep.
RENEE MONTAGNE, host:
And I'm Renee Montagne.
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