Here is a court case detailing what one Californian did with his half of a $26 million lottery win. A very interesting and important part of this document has to do with Expert Witness #2, Mark Nicely, then of IGT.
A few quotes from the document regarding Mark Nicely:
" At the time of trial, Mr. Nicely had worked in the gaming
industry for 9 years. He received direct training from the
director of slot operations at the Mirage in Las Vegas, Nevada.
Mr. Nicely was vice president of marketing and promotion, and led
the math department, at Silicon Gaming--a slot machine
manufacturer. Mr. Nicely was responsible for the development of
games and gaming math, testing equipment, working with
regulators, and training employees on how to design games for
casinos. After that, he was president and CEO of Wager Works andlater was executive vice president of marketing for Wynn
Properties. For a time, Mr. Nicely offered consulting services
to gaming industry clients in six States and three foreign
countries. At the time of trial, he was the director of gaming
and design at International Game Technology (IGT)--the largest
slot machine manufacturer in the world."
"Mr. Nicely has worked on “class 3 slot machines”, “class 2
games”, online gaming, and table games. He has access to casino
operations data and performs analyses to determine whether
various machines have been overpaying or underpaying gamblers."
"Mr. Nicely has no published articles because in his industry
anything worthy of publication is a trade secret. There is a
code of silence with respect to sharing information--publishing
would amount to giving secrets away to the competition. For
example, Mr. Nicely has solved a very difficult math problem
associated with a process called “gambler’s ruin”. His
associates do not have this analytical technique at their
disposal, so they have to use simulators. Mr. Nicely’s
analytical solution is very powerful, and he would never publish
it because it would be “spilling the beans” to his competitors."
Anyway, the link to this document is this: http://www.ustaxcourt.gov/InOpHistor...DI.TCM.WPD.pdf.
Mr. Nicely has a consulting business here: http://nicelydonegaming.com/index.htm
Alan, if you need to delete any of the above content, please do.