General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAbout these lottery tickets...
I remember when the lotteries were first offered in Chicago. It was said that they were 'supposed to' benefit the school systems, etc. but I have to wonder now... EXACTLY WHERE ARE THE PROFITS FROM THESE LOTTERIES GOING?
There's GOT to be a way to track exactly where they're being funneled into.
ANY IDEAS?
THANKS!!
MineralMan
(146,329 posts)Who benefits varies widely. There's no single answer.
A HERETIC I AM
(24,376 posts)The manufacturer of the machines.
Think of how many are sold and installed when a state institutes a lottery.
There are tens of thousands of those machines in Florida alone.
MineralMan
(146,329 posts)I will not do it for you.
Here's the answer for Minnesota:
https://minnesota.cbslocal.com/2016/01/13/good-question-where-does-money-from-lottery-ticket-sales-go/
A HERETIC I AM
(24,376 posts)Let's try this again.
The people who most want lotteries in states and tend to lobby the hardest for them have been the makers of the machines themselves, because they represent an enormous capital outlay that typically one single company is the beneficiary of.
As far as what state agency gets the money or how a given state handles the proceeds, John Oliver did an excellent piece on this 4 years ago;
And for what it's worth there, young fella, I did not ask, nor did I insinuate in any way, shape or form, that I expected you to do any checking for me.
WeekiWater
(3,259 posts)The machines, updates, maintenance, etc.
Its my understanding that Florida leases a lot of its equipment, and all of the vending style machines are leased.
Interesting point on gambling regulation. The regulations are more strict and fines heavier if a minor is found gambling in a casino over that of a Florida lottery vending machine. The only monitor of most vending style machines in Florida is the clerk. To avoid further regulations the companies make the machines with a remote control. If the clerk sees someone they think is too young, the remote stops the machine from working. Pretty bad system. Not a big deal to me but it really is the state overlooking regulations set for others in order to make the lotto business profitable in that area.
Talitha
(6,613 posts)But I'm probably not one of the "qualifying residences"....
saidsimplesimon
(7,888 posts)I could start by asking my state government, checking website q&a. Then search for independent sources. Have you taken these steps? It would save some time and inform my research?
SoCalNative
(4,613 posts)then yes, the money does go to the schools. What they didn't tell you before it was voted on is that they took other funding away that was previously provided and replaced it with the lottery money. So no, the schools aren't getting any additional money, just what they were already receiving from elsewhere.
Bluesaph
(703 posts)There used to be numerous accounts such as SIP and GEN, etc. They didnt really get rid of all the accounts and money. They just deregulated the money and it all goes into the general fund.
So now we have LOTT and GEN and underprivileged schools get TITLE I. And we are able to decide how to spend those funds.
The lotto does help big time because those funds benefit students directly!
Bluesaph
(703 posts)And without the quarterly lottery deposits our schools would be decimated.
Baitball Blogger
(46,757 posts)We were one of the first. The laws were written poorly. Instead of supplementing the education budget, they used the money in lieu of the money earmarked for the schools.
You would think that the legislature had enough time to fix the problem.
Dawson Leery
(19,348 posts)TreasonousBastard
(43,049 posts)Mariana
(14,860 posts)The ballot measure said very clearly that the lottery proceeds would to to the General Fund. No idea if that has changed since then, I don't live there anymore.
madville
(7,412 posts)just reduced the other funding sources. It just replaced other allotted funding, didn't add to it.
aikoaiko
(34,183 posts)For 25 years, HOPE scholarships have been paying for high school students with a 3.0 GPA to go to college (or at least take a big chunk out of the cost of tuition at 90%).
sarah FAILIN
(2,857 posts)They're supporting the kids too, but my Alabama money pays for their adults since we don't have lottery.
aikoaiko
(34,183 posts)and lottery rev didn't grow as much, they made cuts. I think adults can still get HOPE for tech schools.
brooklynite
(94,727 posts)Maybe your State has one?