Wednesday, January 5, 2011

texas lotto

Lotto Texas was the first Texas in-house drawing game offered, with sales beginning on November 7, 1992; its first drawing on November 14, 1992, and the first jackpot won on November 28, 1992. By its first anniversary, the Texas Lottery sold over $1 billion in tickets.[13]

Initially sold as an annuity game with no cash option, and the purchaser having to pick numbers, and the drawings held only on Saturdays, Lotto Texas later added the "Quick Pick" option (random selection of numbers, added on May 29, 1993, the Lottery's first anniversary),[14] the "Cash Value" option,[15] and changed the drawings to twice weekly, adding Wednesdays.

Among notable winners was Thomas "Hollywood" Henderson, the former Dallas Cowboys linebacker, who claimed a winning jackpot in excess of $14 million in 2000.[16]

The current format utilizes 54 balls; players choose 6 numbers. The jackpot is paid either in 25 annual payments, or in lump sum (discussed further below). Non-jackpot payments are in lump sum. Each game costs $1, the minimum jackpot is $4 million, and drawings are held at 10:12 PM Central time on Wednesdays and Saturdays.

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