News for hackers. Stuff that matters.

A comment on The Lottery Hackers. Parent comment

Re:The Lottery Hackers by josu on Sunday March 04, 2018 @12:25PM (#16515492)
Yeah, it makes no sense, I can't believe that the report said this too:

>The large groups had bought some $40 million in tickets, $16 million of which was revenue for the state.

No, actually it was negative revenue, since the state payed out more than $40 million in prizes.

[ Parent | on HN ]
Re:The Lottery Hackers by bkcreate on Sunday March 04, 2018 @02:32PM (#16516140)
The payout comes from the other bettors losing bets. The state never loses in a lottery.
[ Parent | on HN ]
Re:The Lottery Hackers by josu on Monday March 05, 2018 @12:56AM (#16519073)
My bad, you are absolutely right, the payout comes from previous weeks' undistributed payout, not from the state. The more they played, the more revenue for the state.
[ Parent | on HN ]