California Lottery Returns $1.28 Billion to Education

Oct. 2, 2013 – California State Controller John Chiang announced yesterday that the California Lottery’s Lottery Education Fund had returned more than $1.28 billion to “school districts, educational institutions, and state agencies” last year.

More than $1 billion of the Lottery’s proceeds were funneled into K-12 schools and programs – by far the largest benefactor of the California Lottery’s nearly $4.5 billion in sales.

The state’s community colleges saw the second-largest payment from the Lottery Fund, receiving about $168 million. ┬áCalifornia State University saw about a quarter that amount, and the University of California system received about $30 million.

Reports, like this one from the L.A. Times, point to higher jackpots in games like Powerball and Mega Millions as the driving force behind a strong year of Lottery sales nationwide.

Including the nearly $1.3 billion in proceeds this year, the California Lottery has now returned more than $25 billion to education programs in the state – an average of just under $1 billion in education funding each year since the Lottery was started in 1985.

Powered By DT Author Box

Written by Matt Isaacs

Matt is the Editorial Manager for the LotteryHUB News Team. Matt graduated from Rutgers University’s School of Journalism and Media Studies in May 2013

Comments

comments

468 ad