Powerball Ticket Sales Good For Schools? Lotteries’ Impact On Education Varies By State
If you’re looking for a reason to justify buying yet another Powerball ticket for Wednesday’s $1.4 billion jackpot, skip the education excuse. Although many states devote at least part of their revenue to supporting schools, the benefit your local district is actually receiving from the lottery is probably smaller than you think.
Lottery and finance experts said how much of each ticket the government claims and how it’s distributed varies by state. And in some cases, state legislatures have come to rely so heavily on lottery proceeds that they’ve adjusted other spending to avoid paying more toward per-pupil funding.