State Lottery Money Pays Back to Michigan Schools - WLNS TV 6 Lansing - Jackson | Your Local News Leader

State Lottery Money Pays Back to Michigan Schools

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Powerball is the talk of many as the time to draw what could be the winner of $550 million is quickly approaching.

But where does that money actually end up? For every dollar spent on tickets, more than half goes to prizes for players, but 30 cents goes to schools and the rest to lottery retailers and other expenses.

 

Since 1972, the Michigan Lottery has contributed more than $17 billion to the state's education. Michigan lottery revenues make up about 6.5 percent of the school aid fund.

 

This past fiscal year was the lotteries largest contribution to the school aid fund to date, $778 million.

Remember back to the spring when a record breaking $656 million dollar Mega Millions Jackpot was cashed out on the east side of the state.

While the lottery's contribution in education isn't groundbreaking, being only a small percentage in the billion dollar budget with more cuts and hardships, it surely does help.

"Any penny that goes into educating a child in the state of Michigan is a critical and very important penny and we appreciate every one of them," said William Mayes, Mchigan Asociation of Shool Aministrators.

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