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  1. blog.jackpocket.com › where-lottery-money-goes-inWhere Lottery Money Goes: A State-by-State Guide

    Oct 4, 2021 · In New York State alone, 2020 lottery ticket sales totaled nearly $10 billion. So, where does lottery money go if it doesn’t all go into the prizes? You can feel good knowing that lottery revenues by state fund worthy causes in 47 states nationwide. While 50-60% of lottery funds end up in winners’ pockets in the form of lottery prizes, the ...

  2. www.lotteryusa.com › opinion › surprising-economicsThe surprising economics behind states and their lottery money

    Jan 15, 2024 · The state of Illinois offers yet another unique approach to how states can spend their lottery revenue. In fiscal year 2022, Illinois took in well over $3 billion in total proceeds from its lottery games. After cash prizes, commissions, selling bonuses to retailers, and administrative costs, the government was able to keep roughly $834 million.

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

    Jan 12, 2023 · A Mega Millions customer purchases her tickets for the estimated jackpot of $1.1 Billion at the Fuel On Convenience Store in Pittsburgh, Monday, Jan. 9, 2023. Twenty-four consecutive drawings ...

  5. www.fool.com › the-ascent › researchLottery Statistics and Revenue by State | The Motley Fool

    Mar 7, 2024 · Lottery income and revenue over time. States took in a record $95.6 billion in lottery sales, paid out $64.3 billion in prizes, and had $26.9 billion in income, in 2021, the most recent year for ...

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

    Apr 30, 2022 · About 10% of the lottery revenue goes toward administrative costs and overhead for running the game. This includes costs like advertising, staff salaries, legal fees, ticket printing, and other necessities. The rest of the lottery money goes to the states who participate. With Powerball, for example, the funds are divvied out based on ticket ...

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  8. www.wbur.org › 10 › 23Where Do Lottery Profits Go? States Use Them To ... - WBUR

    Oct 23, 2018 · On how much states profit from the lottery. "I think overall, we spend $73 billion a year on the lottery. So Missouri had a $1.3 billion revenue last year. New York had, I think almost $3.2 ...

  9. www.vox.com › money › 23697885Powerball: How the lottery works and makes money - Vox

    May 4, 2023 · Lottery does offer entertainment, but more so than the others, it offers the promise of mobility, and there’s the jackpot structure of the games. “With the lottery, you need $2 and you have a ...

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