BOSTON — The state Treasurer has put a limit on the number of tickets for one particular lottery game stores can sell per day following a report that sophisticated gamblers were buying hundreds of thousands of dollars worth of tickets virtually guaranteeing them of turning a profit.
Treasurer Steven Grossman said Monday stores can sell a maximum of $5,000 worth of Cash WinFall tickets in a single day.
He also said the game, which has seen declining sales since it was introduced in 2004, will be phased out next spring.
Grossman acted following a report in The Boston Sunday Globe that said sophisticated gamblers had found a quirk in Cash WinFall’s rules that virtually guarantees them a profit if they buy more than $100,000 worth of tickets at certain times of the year.