As the sales for the USA Mega Millions lottery keep going higher and higher, more and more people become interested in how the lottery’s earnings are being used. A news organization from New York went ahead and asked New York State Lottery officials and some schools in the area, in order to see how the lottery spends its money. Lottery winning numbers

And it appears that in 2010, the New York State Lottery sold tickets for more than $7.8 billion, out of which $2.6 billion were used to fund education. That is a total of 12% from the total revenue that was spent on education.

“According the the School Law Handbook, which is published by the NYS School Boards Assoc and the NYS Bar Assoc., a school district’s share of the lottery proceeds is computed according to an equalized formula based on each school district’s taxable property wealth per pupil to support the general state aids otherwise payable to a school district. School districts receive a portion of their fall state aid payment in the form of a check directly from the lottery fund by September 1 ( 3609-a(1)(a)(2)). A portion of the lottery funds ($15 per resident pupil) is added to regular textbook aid, which is included in the check districts receive from the lottery fund. Lottery aid also includes a $10 payment for each blind and deaf student attending state-supported schools for the blind and deaf,” a New York State Education Department statement reads. Powerball lottery

34 percent out of every dollar spent on the lottery goes to education, while 58 percent is distributed to winners. The remainder 6 percent is used to pay lottery retailers.

A sampling of local district education allocations includes:

• Albany $12,171,940.24
• Troy $7,324,914.37
• Schenectady $16,657,100.67
• Shenendehowa $9,977,686.19
• Bethlehem $5,473,766.79
• Niskayuna $4,617,544.85

Meanwhile, people from the questioned schools said that the money they receive from the state isn’t accompanied by a statement revealing from where the money comes, so they have no way of determining exactly how much lottery money they receive.

Well, it is clear to everyone that the lotteries of the United States have helped education and other noble purposes throughout their years of existence. We can only be proud of their achievements, as we too have played a small part in it. Lottery numbers

That’s about it for now, but return to us soon as we will keep you posted with everything new and exciting from the world of lotteries.