Texas Lottery
Cash 5 Sales & Payouts
2006

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Originally Posted: 7-21-02
Revised: Will be updated daily

Current Year Sales & Payouts, click here

2006 Cash 5 Sales & Payouts, scroll down
2005 Cash 5 Sales & Payouts, click here
2004 Cash 5 Sales & Payouts, click here
2003 Cash5 Sales & Payouts, click here
2002 Cash 5 Sales & Payouts, click here

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Mega Million Sales, Click here

Here's how Cash5 payouts are figured ...
it's as easy as 1-2-3 ...

Players receive 50% of sales - Let's pretend sales were $550,000
which means there's $275,000 in the "prize pool." Since there is
a new $2 "guaranteed" prize - the TLC opted to take those prizes
right off the top of the players prize pool - the 50%. (They should
do this for Lotto Texas & Texas 2 Step but they don't)

So, let's say there were 64,924 people who won $2 each.
The total for them is $129,848.

Now you deduct $129,848 from the players prize pool ($275,000)
which leaves $145,152 in the "residual prize pool." (They now
have 2 prize pools)

The 5 of 5 winners share from the "residual prize pool" is 40.15%
which means the 5 of 5 winner(s) will receive or divide $58,278.

The 4 of 5 winners share is 18.08% of the "residual prize pool." Let's
say there are 278 winners so they will divide $26,243 by 278
meaning each will receive $94.

The 3 of 5 winners share is 41.77% of the "residual prize pool."
Let's say there are 6488 winners so they will divide $60,629 by
6488 meaning each will receive $9.

The TLC rounds down to even dollars and supposedly, the excess
funds are used in the next draw. However, players would be better
off if we recieved the "exact" amount, including the cents, due us.
This would "insure" players receiving 50% of sales.

If there are no 5 of 5 winners, the money in the 5 of 5 pool
is moved down to the 4 of 5 prize pool and is divided by the
4 of 5 winners. This means the 4 of 5 winners share becomes
58.23% of the "residual prize pool."

Just for your information, under the old rule, players received
50% of sales. The 5 of 5 winners divided 20%, the 4 of 5 winners
divided 30% and the 3 of 5 winners divided 50% of the prize pool.

Like Lotto Texas 6/54, the TLC increased the percentage
the top prize winner received and lowered the middle prize.

The TLC's Best Kept Secrets
About the 5/37 Cash 5 Rule
A new point of sale piece for Cash 5 hit the stores a couple of
weeks prior to the start of the new game. It read in part:

- Special Cash 5 Stories -
Players are getting madder by the day and
are calling for a boycott ... Click here to read

TLC Paints Rosy Picture For 1st Week of
Sales Under 5/37 - Click here to read.

How the Cash 5 Fared at the
End of the 1st Week ...
The answers to your questions as
I see them. Click here to read.

The History of Cash 5
Click here.

As of July 29, 2002 ...
Match 2 of 5 numbers - win guaranteed $2
Match 3 of 5 numbers - win approx. $10
Match 4 of 5 numbers - win approx $137
Match 5 of 5 numbers - win approx the same as it has been
or maybe a little bit more because they increased the percentage
allocated to the 5 of 5 prize winners

Links Regarding the 2002 Cash 5 Changes
To read the March 6, 2002 Commissioners Meeting where
they voted to propose a new Cash 5 rule, click here.
(Here you'll see the reasons the staff wanted these changes
and what they did NOT tell the Commissioners.)

To read the proposed rule itself ... click here.
Here you can see how the percentages changed for each prize
category and how they devised a way to pay the $2 guaranteed
prizes. Actually, this is how they should do all "guaranteed"
prizes. Especially for Lotto Texas & Texas 2 Step. This way,
they could do away with the "reserve fund" which would
then make the payouts fair. But I'm sure they don't want
to do this, then they would NOT get the excess funds!

To read my letter of opposition (pdf) ... click here.

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