Or subscribe where you already listen
New episode every weekday morning. The Cut Weekend lands Saturday and Sunday.
Read the full transcript
This is The Cut. American whiskey, daily.
There's a lottery closing at midnight tonight that costs nothing to enter and runs better odds than the bottle everyone actually talks about. Free entry, real odds, and most people don't even know it's open. Here's why that matters more than it sounds like it should.
I'm John from Chasing the Unicorn Podcast. Here's what moved today. July 23, 2026.
Today's Big Move is Virginia's lottery for E.H. Taylor Jr. Small Batch, and it closes at 11:59 tonight. It's been open a week. The state's got 340 bottles in this cycle, spread across stores statewide, and here's the part that actually matters — this isn't Pappy, and it isn't the Antique Collection. Because of that, way fewer people bother entering. Prior cycles for this exact bottle pulled somewhere around four to six thousand entries against that 340-bottle pool. Compare that to a BTAC lottery, where the odds often sit under one percent, and you start to see it — this one runs meaningfully better, purely because the name isn't famous enough to flood the entry pool.
The bottle itself is no age statement, standard Taylor mash bill, 100 proof, thirty-five bucks. Winners get an email within ten business days and two weeks to pick up. If you've skipped every Virginia ABC lottery because the odds always feel impossible — this is the one that isn't. It closes in hours, not days.
Now — today's stop On the Road. Because it isn't just a Virginia deadline. Bourbon's actually happening in places that aren't Kentucky this week, and three of them are worth your attention.
Start in Waco, Texas. Balcones just broke ground on a third rickhouse, adding around eight thousand barrel positions. The reason is the climate, not ambition for its own sake — Texas heat-cycles barrels harder and faster than Kentucky ever does, which is exactly why Balcones' shorter-aged, higher-intensity whiskey tastes the way it does. They're not trying to out-age Kentucky. They're betting the weather does something Kentucky can't.
Then Denver. Stranahan's confirmed its 19th annual Snowflake release is shifting toward a higher-rye mash bill, sourced from Colorado-grown grain. That's a distillery with nearly two decades of history deciding the local dirt is worth experimenting with, rather than just running the same recipe on repeat because it's always worked.
And Oregon — the state's Distillers Guild reported six new craft whiskey producers since January, several of them building wheat-forward mash bills around Pacific Northwest wheat varieties. That's not one distillery. That's a whole region deciding it has something to say.
Here's the thread. None of these three states are trying to beat Kentucky at Kentucky's game. They're leaning into what's actually different about where they are — heat, grain, geography — and building a whiskey identity around it instead of chasing scale. That's a quieter story than a lottery deadline, but it's the one that tells you where the next interesting bottle in your rotation might come from — and it won't have a Kentucky address on the label.
So here's what it is — there are really only three ways an allocated bottle gets to you, and knowing which one applies saves you a lot of wasted effort. Pre-order is a retailer's signup window — you get on an email list ahead of time and you're ready when it opens, and that's the right move for something limited but not full scarcity-tier. Lottery — like tonight's closing Taylor entry — is for the genuinely allocated stuff. Enter every one you're eligible for, because it costs nothing and the odds add up over time. Walk-in is for bottles a distillery sells straight off its own shelf, no list at all — that strategy is just showing up.
The mistake almost everybody makes is running the wrong strategy on the wrong bottle. Standing in a walk-up line for something that was always lottery-only. Skipping a free lottery entry because a thirty-five-dollar bottle "doesn't feel special enough" to bother with. What this changes — match your effort to the mechanism. A free entry is never a bad use of two minutes. A walk-up is worth the drive. A pre-order window is worth a calendar reminder. And if you're logging any of it in the Perfect Pour app, drop tonight's entry or this week's walk-up pickup into your Logbook — your Pour Print starts showing you which strategy actually gets you bottles over time, not just which one feels productive.
One more thing worth your attention this week — Wild Turkey's Master's Keep Triumph just opened its pre-allocation signup today, and it closes in a week, on July 30th. Seventeen years old, dark cherry and clove with a long peppery finish, more leather and tobacco than Wild Turkey's usual house style. It's confirmed at a national allocation ceiling, priced at $199.99, through Seelbach's portal. That combination — a real age statement, a defined national ceiling, and a signup window with a hard close — is rare enough that it's worth getting on the list today rather than waiting to see if it's still open next week. It probably won't be.
So here's the one thing to walk away with. Access isn't one skill — it's three different skills, and tonight you've got all three running at once: a lottery closing, a signup opening, and whiskey happening in places that have nothing to do with Kentucky at all. The bottle that's worth chasing isn't always the one everyone's already talking about. Sometimes it's the one closing at midnight that nobody bothered to enter.
That's The Cut. The full American Whiskey Industry Brief is free every morning at chasingtheunicornpodcast.com. I'm John Schuster. Thanks for joining me. Your unicorn is out there.
Listen to today's episode and find us on Spotify and everywhere you listen at chasingtheunicornpodcast.com/episodes.
Informational and entertainment purposes only. Nothing here is investment advice. Verify before buying, trading, or bidding. We are not liable for errors or financial losses.
One lottery closes at midnight tonight. Virginia ABC's E.H. Taylor Jr. Small Batch entry window shuts at 11:59pm — free to enter, 340 bottles up for grabs, and odds meaningfully better than the marquee allocated lotteries most people chase instead.
The biggest actionable news this window is a lottery deadline, not a corporate headline. Virginia's E.H. Taylor Jr. Small Batch entry closes tonight, and it's one of the better real-odds drops running right now. That matters because most readers spend their lottery attention on long-shot bottles and skip the ones actually worth a two-minute entry. Today's edition also covers a founder standing behind a retail counter in Danville, a Buffalo Trace walk-up that unusually named its warehouse floor, and a Chase, Bar Talk, and First Sip all built around this week's access-first Hunt theme.
Virginia's lottery for E.H. Taylor Jr. Small Batch shuts down tonight at 11:59pm. It opened a week ago, on July 17. The state has 340 bottles to give away this cycle, spread across stores statewide. Here's the part most people miss: this isn't one of the marquee lotteries everybody already knows about. It's not Pappy. It's not the Buffalo Trace Antique Collection. And because of that, way fewer people are entering it. Prior Virginia cycles for this bottle have pulled somewhere between 4,000 and 6,000 entries against that 340-bottle pool. Compare that to BTAC lotteries, where win rates often sit below 1 percent — this one runs meaningfully better odds, just because fewer people bother to look for it. The bottle itself is solid: no age statement, Sazerac's standard E.H. Taylor mash bill, 100 proof, priced at $34.99. Entry costs nothing. Winners get an email within 10 business days and two weeks to pick up their bottle at the store where they entered. If you've never bothered entering a Virginia ABC lottery because the odds "always feel impossible," this is the one that actually isn't.
There are three basic ways an allocated bottle reaches your hands, and knowing which one to use for which bottle saves you a lot of wasted effort. Pre-order (a retailer's signup window, like today's Wild Turkey Master's Keep Triumph pre-allocation) works for limited releases that aren't full scarcity-tier — get on retailer email lists and be ready when the window opens. State lottery (like tonight's closing E.H. Taylor Jr. Small Batch entry) is for the genuinely allocated tier — enter every one you're eligible for, because even modest odds add up over time, and it costs nothing. Walk-in (like today's Buffalo Trace distillery-store restock) is for bottles a distillery sells on-site with no list at all — the strategy there is just showing up. The mistake most new chasers make is using the wrong strategy for the wrong bottle: waiting in a walk-up line for something that's actually lottery-only, or skipping a free lottery entry because the bottle "doesn't feel special enough" to bother with. What this changes: Match your effort to the mechanism. A free lottery entry is never a bad use of two minutes; a walk-up is worth a drive; a pre-order window is worth setting a calendar reminder for.
Floor erosion is how much a bottle's resale value has fallen from its all-time high. Eagle Rare 17 peaked near $650 on the secondary market in 2023; this week's composite has it trading at $295-$325, meaning it's lost roughly half its peak value. That slide has kept going, not stabilized — this week's numbers are lower than the range recorded earlier this month. The bottle it shares a collection with, William Larue Weller, has held essentially flat over the same stretch.
Rickhouse Report: 5 stories · Regional Report: 3 stories
◆ The Brief (free): https://chasingtheunicornpodcast.com/the-brief/
◆ Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/chasing-the-unicorn-bourbon-american-whiskey/id6788592653
◆ Listen on Spotify: https://open.spotify.com/show/1IZS2wXY7nAUcL9akukblE
◆ YouTube: https://www.youtube.com/@chasingtheunicornpodcast
Want the full picture? The complete American Whiskey Industry Brief — every section, every source, every story — is published free every morning at chasingtheunicornpodcast.com. Read it at chasingtheunicornpodcast.com/the-brief/.
Chasing a specific bottle? The Bourbon Release Calendar lists every lottery deadline, walk-up window and MSRP we're tracking — updated every morning.
Mentioned in this episode: E.H. Taylor, Buffalo Trace, Eagle Rare, William Larue Weller, Wild Turkey, Master's Keep, Wilderness Trail, Jim Beam, Baker's, Old Forester, Woodford Reserve, Old Grand-Dad, Sazerac, BTAC