The Luck Museum is operated by the Luck Area Historical Society, Inc. which was incorporated as a nonprofit 501(c)(3) corporation in 2011 and is affiliated with the Wisconsin State Historical Society. The museum's emphasis is on the history of the Luck Area, but includes some statewide topics as well.
 Perhaps Luck is best known for its status as the "Yo-Yo Capital of the World" between 1946 and 1965 when it was the home of Duncan Yo-Yo Company. During those years, nearly every family in Luck was involved in turning plentiful hard maple into yo-yos that were sold nationally and even around the world. Today farming and wood products are still important to Luck, but tourists drawn by forests, wildlife, lakes, and rivers play a significant role in the area's economy. Luck is fortunate to still have a viable main street and has managed to retain much of its small
