How much money does the lottery give to education according to www nylottery org?”
in education support statewide since its founding over 40 years ago. The State Department of Education distributes revenue earned by the New York Lottery for education based on a statuatory formula. Committed to maintaining the highest standards for financial integrity, the New York Lottery’s drawings and annual financial statements are monitored and audited by independent auditor KPMG LLP. The New York Lottery was enacted into the New York State Constitution by voters as a result of a ballot initiative in 1966. The Lottery contributed nearly $2.6 billion to help support education in New York State on incoming revenues of $7.549 billion in fiscal years 2007-08 – – a profit margin of 34.3%.
http://www.lotterypost.com/news/192273 N.Y. Lottery posts record sales Apr. 14, 2009, 10:36 a.m. Lottery posts small gains in traditional lottery games; higher sales but lower profits in video gaming The New York Lottery is feeling lucky despite the woes of the economy. According to Director Gordon Mendecina, the New York Lottery sold $7.66 billion in lottery tickets in the last fiscal year. $2.54 billion of that went to education, and another four billion dollars was given away as prizes to lucky winners. NY Lottery divides its revenue into traditional lottery (jackpot games and scratch-off tickets) and video gaming (video gambling at casino locations). Video gaming accounted for just under a billion dollars worth of sales. In the traditional lottery category, which includes the keno-style Quick Draw, scratch-off games saw an increase of two percent while the jackpot games went down slightly. Mega Millions was not inc
N.Y. Lottery posts record sales Apr. 14, 2009, 10:36 a.m. Lottery posts small gains in traditional lottery games; higher sales but lower profits in video gaming The New York Lottery is feeling lucky despite the woes of the economy. According to Director Gordon Mendecina, the New York Lottery sold $7.66 billion in lottery tickets in the last fiscal year. $2.54 billion of that went to education, and another four billion dollars was given away as prizes to lucky winners. NY Lottery divides its revenue into traditional lottery (jackpot games and scratch-off tickets) and video gaming (video gambling at casino locations). Video gaming accounted for just under a billion dollars worth of sales. In the traditional lottery category, which includes the keno-style Quick Draw, scratch-off games saw an increase of two percent while the jackpot games went down slightly. Mega Millions was not included in the figures, presumably because its multi-state nature makes reporting separately a necessity. The
