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.
Although Lustig is known by is remarkable record, Stefan Mandel won 14 times the first prizes, by buying every possible combination where the jackpot is three times larger than number of combinations .
Lustig'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:
- 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)
Lustig'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 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. He also recommends using hand-picked sequential numbers and using the same numbers repeatedly.
Personal finance author Zac Bissonnette has characterized Richard Lustig's recommendations as "dangerous", 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's 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." CNN Money took their video down after a firestorm of criticism.
Richard Lustig passed away July 30, 2018 at the age of 67.
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