Where Does Money From Lotto Sales Go?

Thursday, November 29, 2012 - 6:56pm

According to a graph posted on the Texas Lottery Commission's website, 63% of lotto ticket sales go to paying lotto winners. Stores who sell lotto tickets get a 5% commission, the lottery administration gets 5%, and 2% goes to other state programs. The Commission says 25% of the profits from lotto ticket sales goes to a school fund, to support public education in Texas.

The Texas Lottery Commission claims they have contributed more than $14 billion to public schools in the state in the last 14 years. Many lawmakers in Texas argue the state lottery is not really funding education and that these numbers are a myth!

Tune in to NewsChannel 9 at 10 to hear why some believe schools are not profiting from lotto ticket sales.

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