Hacker News new | past | comments | ask | show | jobs | submit login

For this to be true, every additional winning ticket purchased must result in a net loss to the state. But it doesn't, every additional winning ticket purchased is money going to the state. The losers in this case are the other people with winning tickets, because their payouts become smaller┬╣.

┬╣Well, given one assumption about how the game is run. The other assumption is that the 3- and 4-number winning tickets have a fixed payout calibrated such that this doesn't fully exhaust the pot, and in this case the "loser" for each additional winning ticket is whoever wins the full pot next time as the pot will be lower than it would otherwise have been.

I think in this case the winnings were fixed and the surge in sales in Rolldown days would cause the pot to be drawn down much more, meaning a longer delay before the next Rolldown day.

So Rolldowns probably became less frequent, but otherwise the lottery made their money and everyone took home exactly the winnings they would have in that particular game.

Registration is open for Startup School 2019. Classes start July 22nd.

Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact