How lottery tickets are helping states' budgets

Comment #16

Gleno — Mon, 03 Mar 2014 19:54:48 GMT

You are right about throwing money at education. Notice that successful students either are very intelligent,and or, their parents were involved with instilling the importance of education. Notice how children of foreign backgrounds seem to do better than our students,on average. Think that their cultural back grounds lends to their desire to exceed.

Foreign countries spend way less than us and their students excel. Their children also spend more time being educated.

Would not be surprise... [ More ]

Comment #15

Gleno — Mon, 03 Mar 2014 16:02:23 GMT

Don't know how N.J.'s decision to allow online casino gambling, would help its budget. In my opinion, online casino gambling may hurt state lottery sales.

A survey of lottery post members would be interesting to see, if they would consider online casino gambling over the state lottery, or would they consider both options.

Just asking to quote Jay Leno. Will send N.J. lottery a message,asking this question.

Comment #14

Drenick1 — Fri, 28 Feb 2014 19:02:34 GMT

Lottery money is indeed going towards states budget and not the school system as most have claimed and advertised.

Comment #13

Littleoldlady — Fri, 28 Feb 2014 04:19:27 GMT

Sorry, it is not going toward teacher salaries, pensions or their union. I know that for a FACT

Comment #12

myturn — Fri, 28 Feb 2014 02:40:35 GMT

They forecast that two years from now, UK Chancellor George Osborne will be taking 1billion a year in tax from lottery tickets almost double the State s share of the takings before the onset of the economic downturn.

Duty paid on National Lottery tickets runs at 12 per cent, and from the game s beginnings in 1994 until 2007 the amount paid to the Treasury each year ran at between 500million and 600million.

But the Government s take has been rising steeply in line with tickets since the ons... [ More ]

Comment #11

Jill34786 — Thu, 27 Feb 2014 21:11:35 GMT

Unfortunately the money is going towards the teachers salaries, pensions and unions. These corrupt officials couldn't care less about our children but they put on a convincing face when claiming the money is to benefit the schools. Many states allocate lottery money towards these Educational funds and less than 10% even make it into the school system, the rest of the money gets thrown at various pet projects and departments throughout the state.

Overall the Federal/state Government throws mo... [ More ]

Comment #10

Astekblue — Thu, 27 Feb 2014 20:41:25 GMT

Little

I read it yesterday in the newspaper ( not sure , but may still be able to read on line )

Lexington Kentucky Herald-Leader newspaper yesterday ( front page )

College aid sapped by diversion of lottery funds

Need-Based Support Especially Shorted

Some Key points in article

Diverted more than 100 million in lottery proceeds away from financial aid programs for college students since 2009 , and might take an additional 76 million over the ne... [ More ]

Comment #9

maringoman — Wed, 26 Feb 2014 23:26:28 GMT

I'm glad to have helped. Can they help mend the holes that lottery has burnt through my pockets

Comment #8

sully16 — Wed, 26 Feb 2014 12:52:33 GMT

They just keep throwing money at education, if the parents are not involved, all the money in the world cannot make kids smarter.

Comment #7

dallascowboyfan — Tue, 25 Feb 2014 16:40:35 GMT

Oklahoma Lottery Commission says its going to the schools but I just read yesterday that our 3rd graders can't read at their levels. So where is the money going in Oklahoma

Comment #6

helpmewin — Mon, 24 Feb 2014 17:48:39 GMT

Great a Win Win Situation

Comment #5

thaencyder — Mon, 24 Feb 2014 16:50:51 GMT

Well needed fund in some states. The trick is to make sure it goes to where it's needed the most and not get wasted by incompetent officials.

Comment #4

Littleoldlady — Mon, 24 Feb 2014 15:42:06 GMT

very interesting and enlightening article. It is sad what they are doing.

Comment #3

CDanaT — Mon, 24 Feb 2014 15:09:52 GMT

I am glad the lottery can provide some of the extras the state needs, but when a powerball or mm creates such a frenzy as it has over the last couple of years. Why are states constantly going into greater debt ?? I better hurry up and win one of these jackpots soon, just incase they get other ideas about taking more than they do.

Comment #2

gy65 — Mon, 24 Feb 2014 15:07:24 GMT

Arizona example:

http://www.azcentral.com/news/politics/articles/20131130arizona-lottery-revenue-funds.html

Comment #1

mypiemaster — Mon, 24 Feb 2014 13:51:08 GMT

Only when it is used for what it was intended for. It does not always work out that way.

How lottery tickets are helping states' budgets

Lottery Post — Mon, 24 Feb 2014 12:08:45 GMT

The scores of losing players in this week's $425 million Powerball jackpot did more than take an extremely long shot at getting rich. Their ticket purchases also helped fund a small but increasingly important part of their states' budgets.

Changes in the nationwide Powerball and Mega Millions games have led to some of the world's largest jackpots in the last two years, boosting player interest and sales. Fueled by the growth of those games and the steady expansion of other offerings, many sta... [ More ]