Quote:
Originally Posted by RKDinOKC
Oh but there was a corporate group that did it and won. I think I remember there were 3 main backers and they were from Australia. It was a huge effort and they hired people to stand in line and buy the tickets. I remember seeing story about it with people lined up at the stores you could buy tickets. The problem comes with the logistics of the huge number of tickets you have fill out and buy. Thats why the claimed they wouldn't be doing it again.
I haven't checked, there may be a limit to the number of tickets one person or entity can buy.
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I remember the situation. The number of tickets required to purchase a winning combination for the Australian lottery was favorable compared to other lotteries since they used a smaller range of numbers. The group of "investors" was monitoring the expected pay out for the lottery, as they new if they purchased all possible number combinations they would "win", but the payoff had to be high enough to take into account the situation that there might be multiple winners but also had to be profitable (higher than their ticket purchase costs.) They made the call and had some dedicated machines that they ran for 24 hrs a day for several days. 1 or more had issues and they were not able to buy all number combinations prior to the drawing - but they had purchased a winning ticket.