The first thing I learned regarding my research project is:
"Although the amount of school aid raised by the New York Lottery reached a record $2.2 billion last fiscal year, the percentage of gamblers' dollars earmarked for education plunged to an all-time low as more money was plowed into prizes."
http://www.lohud.com/apps/pbcs.dll/article?AID=/20070129/NEWS05/701290338/1021/NEWS05
-During 2005-06, the Lottery Division sent less than 33 percent of its reported $6.8 billion in revenues to the state's schools.
-By comparison, 55 percent of the $48.5 million in ticket sales, or $26.2 million, went to education after the lottery began in 1967.
-And those percentages are virtually reversed when it comes to prizes, which paid out more than 57 percent of reported revenues in 2005-06, up from 30 percent originally.
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1 comment:
heyy. so maybe you could talk about why the percentage of lottery earnings has gone down so sifnificantly for education and why it has gone up for prize winners. Does it have anything to do with changes in the economy since 1967- and if so, what? Also, is money from the lottery used only to fund education and prize winners, or does it have other uses in the economy? but other than that- good stuff!
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