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 NewsroomHundreds gather for Tupper Lake fishing derby
February 6, 2012
State considers bill to lower procurement costs for municipalities
February 6, 2012
DEC chief hopes ORDA will take over Belleayre
February 6, 2012
Senate approves bill targeting disruptive campers
February 2, 2012