FAQ -- What happens to all of the Lottery Revenue?
Betty Little
December 14, 2009
-
ISSUE:
- Education
I am frequently asked how much does the New York State Lottery contributesto state education funding.
Below is a simple breakdown of school funding statewide and the Lottery's impact.
Where Do Schools Get Their Money?
Local Taxes: 46 percent ($22.92 billion)
State Sources: 39 percent ($19.23 billion)
(other than NYS Lottery)
NYS Lottery: 5 percent ($2.36 billion)
Federal Sources: 6 percent ($2.75 billion)
Other local revenue and transfers: 4 percent ($2.18 billion)
Traditional Lottery Sales Allocation
Of $6.7 billion in Sales:
59 percent payable in Prizes
32 percent payable in Aid to Education
6 percent payable in Retailer Commissions
3 percent payable for Administrative Expenses
Click HERE for more information about the New York State Lottery.
Share this Article or Press Release
Newsroom
Go to NewsroomBombardier Transportation lands major order
March 29, 2012
Keene Trumpeter Sam Balzac Recognized in Albany
March 26, 2012
Salmon River Band Featured in Albany
March 22, 2012