Why we use texas lottery for what purpose?
The Texas Lottery is run by the government of Texas. Its most popular game is Mega Millions; its other major game is Lotto Texas. Unlike Powerball, whose “PowerPlay” is available wherever Powerball is played, Texas is the only one of the 12 Mega Millions jurisdictions with such a feature; it is called “Megaplier”. Other games include Texas Two-Step, Pick 3, and Cash Five (previously known as “Cash 5”). Unlike most Mega Millions jurisdictions, where the choice of cash or annuity can be made after winning the jackpot, in Texas, the option must be exercised when playing; e.g., a ticket for annuity cannot be changed to cash after claiming the prize. (This also applies to Lotto Texas.) On October 1, 2007, Texas introduced a game similar to Pick 3, called Daily 4. Both games have an add-on, called Sum It Up. In March 2009, it was revealed that Mega Millions and Powerball were negotiating an agreement allowing each U.S. lottery to sell tickets for both games. If an agreement is approved, Texa
The Texas Lottery has generated well over $16 billion for the state of Texas since the first ticket was sold in 1992. Prior to 1997, the proceeds were allocated to the General Revenue Fund. Since 1997, all Texas Lottery proceeds have been transferred to the Foundation School Fund to support public education in our state. The Texas Lottery has contributed more than $11 billion to the Foundation School Fund, and of that total, nearly $1 billion ($983.1 M) was contributed in fiscal year 2008. Other Texas Lottery funds such as unclaimed prizes revert back to the state for programs authorized by the Texas Legislature. Sources: http://www.txlottery.
