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Mass. Treasurer Cracks Down On Lottery Loophole

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Mass. Treasurer Cracks Down On Lottery Loophole

Business

Mass. Treasurer Cracks Down On Lottery Loophole

Mass. Treasurer Cracks Down On Lottery Loophole

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  • <iframe src="https://www.npr.org/player/embed/138916005/138915980" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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A Massachusetts lottery game called "Cash Win-fall" was easier to win than expected. A computer scientist, among others, discovered a loophole in the game that almost guaranteed a profit. Some people were making big bucks from the loophole, but the state's treasurer put the kibosh on the scheme.

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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