I wonder how much he spent in buying lottery tickets over 30 years? Assume he purchased only 1 ticket a day, at $1 per ticket, over 30 years. At 7% interest, it would be about $36,740.
The Michigan Powerball lottery only pays out about 63% of money taken in goes to prizes. On large prizes, a significant amount goes to taxes.
Powerball drawings are held every Monday, Wednesday and Saturday, $2 per ticket.........