Richard Lustig Explained

Richard Lustig was an American man who came to prominence for winning relatively large prizes in seven state-sponsored lottery games from 1993 to 2010. His prizes totaled over $1 million. He wrote Learn How To Increase Your Chances of Winning the Lottery.[1] [2] [3] [4]

Life

Lustig lived in Orlando, Florida, where he had a career as an entertainment booking agent. He died in 2018 at age 67.[5] [6]

Publicity

Lustig's seven lottery wins have been featured on the financial web site CNN Money.[7]

His book Learn How to Increase Your Chances of Winning the Lottery was ranked #3 on Amazon's self-help book list in 2013.

In an interview with ABC News, Lustig explained that his method is to re-invest all of his winnings back into the lottery.[8] He also recommends using hand-picked sequential numbers and using the same numbers repeatedly.[9]

Personal finance author Zac Bissonnette has characterized Richard Lustig's recommendations as "dangerous",[10] further noting the odds of winning any lotto prize are low and Lustig's advice to play sequential numbers is statistically inferior to selecting random numbers for each drawing. Financial journalist Felix Salmon wrote that given Lustig's habit of using much of his winnings to buy more lotto tickets, it is unclear if he has kept more in prize money than he spent on lotto tickets: "[Lustig] never actually comes out and says that he’s a net winner."[11] CNN Money took their video down after a "firestorm of criticism."[12]

Wins

Lustig's total wins amount to a value of $1,052,205.58[13] (before taxes). Two of those wins were holidays rather than cash prizes, valued at $8,560.66 total. His first win was in 1993, and the last one in 2010:

External links

Notes and References

  1. Web site: Sieczkowski. Cavan. Richard Lustig, 7-Time Lottery Winner, Gives Tips On Winning The Powerball Jackpot. Huffington Post. 23 March 2013. 28 November 2012.
  2. Web site: Little. Lineka. How One Man Became a Serial Lottery Winner. ABC News. 23 March 2013. 21 October 2010.
  3. Web site: Richard Lustig: His Secrets, His Book, and His Story Revealed.
  4. Web site: Richard Lustig. Facebook. 2018.
  5. Web site: Reinartz . Joe . 2018-09-13 . Agent, Lottery Winner Richard Lustig Passes . 2021-11-06 . CelebrityAccess . en-US.
  6. News: Kennedy . John . December 24, 2003 . Lottery, Legislators Tug at Unclaimed Jackpots . . 2021-11-06.
  7. News: CNN Money Was Forced To Take Down This Idiotic Lottery Tips Video. Krasny. Jill. 16 March 2012. Business Insider. 17 January 2017.
  8. Web site: Richard Lustig – A Tale of the Most Famous Lottery Winner . 2022-06-27 . Lottery 'n Go . en-US.
  9. News: Seven-time Lottery Winner Shares Secret to Winning Powerball. Hartogs. Jessica. 22 March 2013. CBS News. 17 January 2017.
  10. Web site: WARNING: Do Not Take Lottery Tips From The Guru On 'Good Morning America'. Krasny. Jill. 28 March 2012. Business Insider. 11 January 2016.
  11. News: The worst personal-finance video ever. https://web.archive.org/web/20120315101816/http://blogs.reuters.com/felix-salmon/2012/03/14/the-worst-personal-finance-video-ever/. dead. 15 March 2012. Salmon. Felix. 14 March 2012. Reuters. 11 January 2016.
  12. News: Lottery Fraud: Increase Your Chances of Winning The Lottery. Coenen. Tracy. 27 April 2012. Sequence Inc. 17 January 2017.
  13. Web site: 20 October 2010. Richard Lustig's largest wins. Orlando Sentinel.

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