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    • 65 percent

      • According to the National Association of State and Provincial Lotteries, U.S. lotteries generated over $98 billion in revenue. Of that amount, $63 billion, or about 65 percent, was returned to winners. Over $28 billion are paid out to various beneficiaries of lotteries.
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      How much money do lotteries generate and how much goes to ...

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  3. www.nerdwallet.com › article › financeHow the Lottery Works and How Much You’d Keep If You Won

    1 day ago · A Powerball jackpot estimated at $2.04 billion became the largest lottery jackpot ever when it was won in November 2022. Mega Millions set its own record with a $1.58 billion jackpot won in...

  4. www.liveabout.com › where-does-lottery-money-goWhere Does Your Money Go When You Play the Lottery? - LiveAbout

    Apr 30, 2022 · The majority of the lottery funds — around 50–60% — goes to the winners. This includes both the jackpots and the smaller prizes. Retailers also receive commissions for selling tickets in general along with bonuses for selling jackpot-winning tickets. These commissions account for another 5% of the lottery's revenue.

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  6. www.npr.org › 2023/01/12 › 1148167357Mega Millions lottery: Where does lottery money go in ... - NPR

    Jan 12, 2023 · Research shows that approximately 60% of the revenue from state lotteries goes directly to winners, as the states keep the remaining cash after paying out the prize money and paying certain...

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  8. www.kiplinger.com › taxes › powerball-lotteryPowerball Jackpot: How Much the Winner Takes Home After Taxes ...

    Apr 7, 2024 · Many people are curious about how much money a Powerball jackpot lottery winner takes home after taxes, especially with the increasing payout and record-high jackpot amounts.

  9. www.denver7.com › news › nationalHow much money do lotteries generate and how much goes to ...

    Jan 12, 2023 · According to the National Association of State and Provincial Lotteries, U.S. lotteries generated over $98 billion in revenue. Of that amount, $63 billion, or about 65 percent, was returned to winners. Over $28 billion are paid out to various beneficiaries of lotteries. In many states, those funds are strictly allocated to public schools.

  10. www.forbes.com › sites › robertwoodWinner Of $1.28 Billion Lottery Gets $433.7 Million After Tax

    Jul 30, 2022 · NurPhoto via Getty Images. Someone in Illinois bought the winning ticket, and if he or she does like most winners, they will take the lump sum, not the annuity. The $1.28 billion prize, which...

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