How do Virginia Lottery profits benefit schools?
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“New York’s long history of increasing earnings for New York’s public K-12 schools is a direct result of sound business planning, mature and responsible stewardship of our lottery and video lottery products, and a fundamental continuous improvement effort,” said Commission Acting Executive Director Robert Williams. The New York State Gaming Commission’s Lottery and Video Lottery operations today reinforced their collective standing as North America’s largest and most profitable Lottery businesses by becoming the first to break $10 billion in combined sales and net win for the fiscal year ending March 31, 2019. Combined, the record-breaking earnings generated $3.47 billion in Lottery Aid to Education which accounts for 13 percent of all New York State School Aid disbursed in FY2018-2019
“The Illinois Lottery is proud to support such a worthy cause with this ticket that helps honor the men and women who put their lives on the line to protect the people of Illinois,” Illinois Lottery Acting Director Harold Mays said.
State officials were not immediately clear on the decision’s fiscal fallout in Georgia, where the lottery transferred a record-setting $1.1 billion for pre-kindergarten and HOPE scholarship programs in 2018. The letter by Kemp and Carr said a ban on online lottery sales “would devastate the benefits provided to citizens in Georgia and across the nation through state lotteries.”
The agency appears poised to return nearly $1 billion in local aid to cities and towns.
“Giving back is what WyoLotto set out to accomplish when it was formed in 2014,” Jon Clontz, CEO of WyoLotto, said. “The true measure of a lottery’s success is what it gives back, and we are proud to be able to give back over $1 million to the state of Wyoming this quarter,” Clontz concluded.
Total Funding for Education at More Than $4.96 Billion “These stellar results are great news for education in Tennessee,” said Rebecca Hargrove, President and CEO of the Tennessee Lottery. “The Lottery continues to achieve its goal of maximizing dollars to fund valuable education programs, which has resulted in more than 1.3 million scholarships and grants awarded since we began.”
“Much of this is attributable to the launch of our first $30 Scratch off ticket,” said Kentucky Lottery President and CEO Tom Delacenserie. “As we celebrated our 30th anniversary, we wanted to do something big to mark the occasion. Launching this new price point was a big hit with players with a first-time ever top prize of $3 million, and they really responded.”
The company quotes data from the World Lottery Association, which shows that "never in history, no company implementing the state monopoly in the gaming sphere has conducted so many new and technologically complex projects at the same time." - This is the best summary of our activities - comments CEO Olgierd Cieślik.
Massachusetts Treasurer Deborah Goldberg argues it cannot continue to generate nearly $1 billion a year for local aid unless it is allowed to compete with daily fantasy sports and other online gaming.
As state legislators work to pass a budget by the end of June, a federal ruling over lottery money could mean that the state will lose millions of dollars in funding. The U.S. Department of Justice in November reversed a 2011 legal opinion that said only interstate sports betting is in violation of the federal wire act, which now means online lottery sales are illegal. New Hampshire officials said the move could cost the state millions of dollars in school funding.
The National Lottery said any impact on sales would result in a reduction in the contribution to good causes, noting that almost 30 cent in every euro spent on National Lottery games goes back to good causes all over Ireland. More than €227 million was raised last year alone, or over €620,000 a day, it said. “Unlike the National Lottery, the offshore operators are not regulated. Their products require no approvals and they do not have the same strict responsible play and sales codes of practices that the National Lottery have,” a spokesman said.
LOTTO Hessen has several reasons to celebrate. Thus, the state lottery - society celebrates not only 70th anniversary, the Hesse are also with per capita use of 106.34 euros nationwide at the top, achieved at the Euro Jackpot 2018 annual record sales of 150.5 million euros (a Plus 60, 9 percent compared to 2017), looked back with 656.6 million sales even on the second best year in the company's history and registered in 2018 the highest ever paid out of 382.3 euros in cash or transfer to Hessen Tipper. Comment by Dr. Heinz-Georg Sundermann, Managing Director of LOTTO Hessen: "Never in our history have we made Hesse so happy".
If House Bill 175 passes, online betting could be legal in Kentucky. If it’s legal, that means the state can tax it. That new tax money can then help pay for part of Kentucky’s pension system.