Quick Facts
Biography
Richard Lustig is a seven-time lottery game grand prize winner who has written the book Learn How To Increase Your Chances of Winning the Lottery.
Wins
Richard's total wins amount to a value of $1,052,205.58 (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. The wins were made up of:-
List of 7 wins:
- Win 1: $10,000 - Jan 1993 (scratch-off ticket)
- Win 2: $13,696.03 - Aug 1997 (Florida Fantasy 5)
- Win 3: "Wheel of Fortune" Holiday trip to Los Angeles - June 2000 (valued at $3,594.66) (scratch-off ticket "2nd chance drawing")
- Win 4: Elvis Holiday trip to Memphis - Oct 2001 (valued at $4,966) (scratch-off ticket "2nd chance drawing")
- Win 5: $842,152.91 - Jan 2002 (Florida Mega Money)
- Win 6: $73,658.06 - Nov 25th 2008 (Florida Fantasy 5)
- Win 7: $98,992.92 - Aug 9th 2010 (Florida Fantasy 5)
- "Richard Lustig's largest wins". Orlando Sentinel. 20 October 2010.
Publicity
Richard's seven lottery wins has been featured on the financial web site CNN Money.
His book "Learn How to Increase Your Chances of Winning the Lottery" was ranked #3 on Amazon's self-help book list.
Method
In an interview with ABC News, Richard explained that his method is to re-invest all of his winnings back into the lottery. He also recommends using hand-picked sequential numbers and using the same numbers repeatedly.
Criticism
Personal finance author Zac Bissonnette has characterized Richard Lustig's recommendations as "dangerous", and CNN Money has taken their video down after a firestorm of criticism
by financial journalist Felix Salmon and others.