The Texas Lottery
The Texas Lottery is a little bit newer than the lotteries in other states. Since the first ticket was sold in 1992, the Texas Lottery has generated more than $13 billion for the “Lone Star” state. Currently all the money that is earned by the Lottery goes to The Foundation School Fund, an education subsidy was deliberately created in 1997 to help boost the flailing finances of the Texas school system. Before that, income from the lottery was turned over to the states General Revenue Fund and used for all type of civic good deeds. Fifty percent of the income from the lotteries goes to financially supporting school programs and scholarships. If a gigantic jackpot goes unclaimed it is also donated to The Foundation School Fund.
Currently the state of Texas runs several lucrative and very popular lotto style drawing games. The tickets for these online drawings are available from machines at most grocery and convenience stores in Texas. Like most lotteries, you are required to fill out a play slip and then pay for a computerized receipt that confirms your numbers.
The lotto games in Texas range in price from fifty cents to a dollar per game. You also have the option of buying Quick Picks for each of these lotteries (where a random number generator chooses your lottery numbers for you.) However you should be advised that most lottery experts say that you are less likely to win a lottery if you choose a Quick Pick number rather than choose your own; historical studies have shown that Quick Pick choices produce fewer winners.
Lotto Texas is one of the state’s most popular games. Originally the game was played by choosing 6 numbers from 1 to 54. Prizes were won if six, five, four or three of those numbers were matched in any order. However on May 4, 2003 the Texas Lottery Commission changed the structure of the game to a bonus ball style game where the odds of winning are even more against the player. . In the new version, which is still offered today, you choose 5 numbers from 1 to 44 listed on one panel of the play slip and then you choose one bonus number from a second panel where numbers are also listed from 1 to 44. To win a prize you must match all the numbers plus the bonus number or five, four, three, two or one PLUS the bonus number to win cash prizes.
Currently the Lotto Texas jackpots start at $4,000,000 but frequently the jackpots are much higher as the prize amounts for draws with no winners are rolled over into the next jackpot. The lottery is played every Wednesday and Saturday at 10:12 pm Central Time.
Texas Two Step
Another popular lottery is the Texas Two Step. In this style of lotto the player chooses four numbers from 1 to 35 listed on one panel and then a bonus number from another panel listed from 1 to 35. The idea is to match 4,3,2,1 or no numbers plus the bonus or match 3 or 4 numbers with the bonus to win cash prizes.
The jackpot for the Texas Two Step starts at $200,000 but rolls over each time there is no jackpot winner. The smallest prizes paid out are for matching only the bonus ball. Texas Two Step is paid out every Tuesday and Friday at 10:12 pm Central Time.
Cash 5 is a popular daily game in most states and the same is true in Texas. In a Cash 5 game the idea is to select 5 numbers from 1 to 37 and match any 2, 3, 4, or 5 to win cash prizes. The Jackpots for Cash 5 vary in size an amount between $20,000 to $50,000 is the expected value of a prize for matching all five balls. Cash Five is played daily in Texas Monday through to Saturday. The draw takes place every day at 10:12 pm Central Time.
The Pick 3 lottery is also popular option for “gamblers on the go” in Texas. In order to win the player must choose three numbers from 0 to 9. The idea is to make the correct plays and match the numbers in Exact Order, Any Order, Exact/any or Combinations. The top prize in this lottery is $500. Lesser amounts down to forty dollars are paid according to the type of play opted for by the player.
The popular Pick 3 Lottery is drawn twice daily at noon and at night. The drawing times for the Pick 3 Lottery are Monday through Saturday at 12:27 pm and 10:12 pm and the results are announced in the local media and posted in local retail stores (where you bought the ticket.)
Winning the Texas Lottery
If you win, the state of Texas has many claim centers in its larger cities that enable you to pick up winning prizes in an amount that is up to $999,999.Prizes of $1 million or more must be redeemed at the Texas Lottery Commission in Austin. If the prize you have one is less than $599 you can claim it at the retailer or vendor where you originally purchased the ticket or at any lotto outlet in Texas. Be sure to check out the latest Texas lottery results here too.
|All content on this site copyright 2006 - 2008, Winning With Numbers. No unauthorized duplication. Please note that gambling on anything is illegal in some jurisdictions.|