Massachusetts Puts Limit on 1 Lottery Game to Thwart Pros
{{#rendered}} {{/rendered}}BOSTON -- Massachusetts has put a limit on ticket purchases for a certain lottery game following a report that sophisticated gamblers were buying hundreds of thousands of dollars' worth of tickets, guaranteeing them a profit due to a loophole.
Treasurer Steven Grossman said Monday stores can sell a maximum of $5,000 worth of Cash WinFall tickets in a single day.
He also said the game, which has seen declining sales since it was introduced in 2004, will be phased out next spring.
{{#rendered}} {{/rendered}}Grossman acted following a report in The Boston Sunday Globe that said professional gamblers found a quirk in Cash WinFall's rules that virtually guaranteed them a profit if they bought over $100,000 worth of tickets at certain times of the year.
Load more..