Lottery loophole, they found one

[kadee79]

Last year, Americans spent more than $80 billion playing state lotteries. That's around $250 for each citizen, more than what was spent on concerts, sporting events and movie tickets combined. Over 25 states took in more from their lottery proceeds than from corporate income tax. Because of these stakes, it's essential that-in both perception and reality-lotteries are truly games of chance, everyone entering with an equal opportunity to win. Which is why investigators took note when a retired couple from Michigan, Jerry and Marge Selbee, made $26 million winning various state lottery games dozens of times. This is not a story, though, of a con, or a scam, or an inside job. No, as we first told you in January, this is a ballad of a couple from smalltown America who did something that most people only dream of. They didn't so much as beat the lottery odds as they figured them out.



For years, high school sweethearts Jerry and Marge Selbee lived a quiet life in Evart, Michigan, population 1900. A single-stoplight factory-town that collapses in the folds of a map.

Together they raised six kids and ran a local convenience store on Main Street. Jerry handled the liquor and cigarettes and Marge kept the books and made the sandwiches.

Jon Wertheim: How long did you have the store?

Jerry Selbee: 17 years.

Jon Wertheim: Why'd you decide to sell it?

Jerry Selbee: I was 62. Marge was 63. And I thought it was a nice time to sell and see what we could do after that.

www.msn.com/en-us/news/us/couple-wins-millions-using-lottery-loophole/ar-AACD6GX?ocid=spartandhp

[sesfw]

yea for them …… I will spend $10 on lottery every couple of months but I'm too cheap to spend more than that.

Sincerely hope they keep winning.  Lottery sales were supposed to fund education but state legislators are no better than federal legislators ………. see a pot of money and have to spend it on pet projects instead of dedicated items.

[tractor]

They live about 20 minutes from me. What they did was perfectly legal at the time. Both states involved have since changed their policies to no longer allow this to happen, which is why they allowed it to go public.

Apparently this couple, and a group from MIT, were the only ones to figure it out. Both parties (and their friends) made out quite well.