![]() “With this current Mega Millions run, we’re going to be pretty close to our all-time high as far as what we’ve given schools in any given year,” Alex Traverso, a California Lottery representative, told ABC. The total amount of revenue could exceed $100 million, according to some estimates, which could save up to 1,000 teaching jobs that are currently on the chopping block. ABC Local reports that for every dollar spent on Mega Millions lottery tickets, schools receive 32 cents. Mega Millions Provides Windfall for California SchoolsĬalifornia was another state that hit it big in lottery revenue, particularly with the recent Mega Millions game. The state legislature has the authority to adjust allocation percentages each year as needed. The website for the North Carolina Education Lottery shows the breakdown of how the money has been spent, covering everything from teacher salaries and pre-K programs to financial aid and scholarship funding. “We’d have a bigger hole than we do have.” ![]() Bill Owens (D-Elizabeth City) told the Fay Observer. “They’d be in worse shape than they are,” Rep. The North Carolina Education Lottery boasts they have pumped $2.2 billion into education, which helped soften the blow of the latest economic recession. According to a report at the Fay Observer, Cumberland County alone has seen more than $79.4 million in revenue from the state lottery since it began six years ago. North Carolina has also seen large revenues from the lottery going directly into the public school system. North Carolina Beats Recession with Lottery Revenue On the surface at least, it looks like Virginia schools are the really big winner in the state’s lottery gaming. During 2011, the lottery brought in more than $444 million for public schools – which makes up about eight percent of public funding for the school system overall. The Washington Post report states that the Virginia Lottery generates as much as $1.2 million per day for the state’s public school system. Virginia retailers also made out on lottery purchases, earning more than $2.4 million in selling commissions. All of those proceeds reportedly go directly into the state’s education budget. Still, no one can argue millions – and even billions – of additional dollars have gone into state education budgets as a result of lottery participation.Īccording to a report at the Washington Post, Virginia generated nearly $22 million in revenue just from the Mega Millions game alone. For the most part, those claims are correct, although they can be somewhat misleading. Many states boast that lottery revenues go directly to public education budgets, benefitting the children who live there first and foremost. The proceeds from lotteries can go to a variety of venues, as determined by the state. Prizes for lotteries have also become more extravagant, as evidenced with the recent Mega Millions game that has made headlines in states like Virginia, California and North Carolina. Today’s lotteries utilize the latest technology to allow players the choice between instant tickets and online games, as well as the standard lottery drawing games. Lotteries have traditionally been used to support public works projects like building and street construction, as well as education and environmental projects. Lotteries were used by President George Washington to support the Revolutionary War, and Thomas Jefferson used them to fund a variety of public projects. ![]() While it sounds good on paper, how much benefit do lotteries really offer to public school systems? It turns out the answer to that question may be much more complex than it appears on the surface.Īccording to the website for the Georgia Lottery system, lottery is a “game of chance in which players have an equal opportunity to win prizes.” The first American lottery was held in Jamestown in 1612, and it made up half the entire budget the early settlers needed to build their colony. ![]() With the Mega Millions craze sweeping the country in recent weeks, how have public schools benefited? According to lottery advertising, one of the benefits of this form of gambling is generating funding for public schools. ![]()
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