I can confirm that this was exploited by a number of students in the Cambridge, MA area, who -- in order to reduce individual risk and consolidate the work invo

I can confirm that this was exploited by a number of students in the Cambridge, MA area, who -- in order to reduce individual risk and consolidate the work involved -- pooled their money and reinvested the pool monthly. One pool I know about (~8 people) reached ~$250k. Seems like quick cash, but it turned into a lot of work: printing 150k tickets in a way that they looked hand-filled out, pulling the winning cards, cashing them in, and plenty besides. Once enough groups got wind, the margins dwindled over the course of a few months to "not worth it".