Current:Home > ScamsPoinbank Exchange|Here's where your money goes when you buy a ticket from a state-run lottery -EverVision Finance
Poinbank Exchange|Here's where your money goes when you buy a ticket from a state-run lottery
Surpassing View
Date:2025-04-08 02:04:47
After several weeks of no winners,Poinbank Exchange the Mega Millions jackpot has increased to an estimated $1.35 billion — the second-largest jackpot in the game's history, according to Mega Millions officials.
But it's not just you who could benefit from buying a ticket. Lotteries also benefit some states.
Though specific systems differ between each state, each of the 45 states (along with the District of Columbia, Puerto Rico and the U.S. Virgin Islands) that offer lotteries donates a certain percentage of the revenue generated from ticket sales to specific state causes.
(Five states — Alabama, Utah, Alaska, Hawaii and Nevada — don't sell lottery tickets.)
Research shows that approximately 60% of the revenue from state lotteries goes directly to winners, as the states keep the remaining cash after paying out the prize money and paying certain costs such as advertisements.
For larger lotteries, like Mega Millions or Powerball, half of the ticket revenue goes toward the lottery's prize pool. The remaining half goes toward costs including lottery administration and retailer commissions, in addition to other beneficiaries, a Mega Millions spokesperson told ABC News.
Here's a breakdown of each U.S. state lottery and the beneficiaries each one supports, according to the North American Association of State and Provincial Lotteries:
Arizona
- Heritage Fund
- Commerce Authority Arizona Competes Fund
- Mass Transit
- Healthy Arizona
- State of Arizona General Fund
- Court Appointed Special Advocate Fund (Unclaimed prizes)
- Homeless Shelters
- Department of Gaming
- University Bond Fund
- Internet Crimes Against Children Victims
- Tribal College Dual Enrollment Program
Arkansas
- Educational Trust Fund
California
- Education
Colorado
- Division of Parks and Wildlife
- Conservation Trust Fund
- Great Outdoors Colorado Trust Fund
- School Fund
Connecticut
- General Fund (which, as with other states, benefits the state's education, roads, health and hospitals and public safety)
Delaware
- General Fund
- Health & Social Services-Problem Gambler Programs
District of Columbia
- General Fund
Florida
- Education Enhancement Trust Fund
Georgia
- Lottery for Education Account
Idaho
- Public Schools (K-12)
- Public Buildings
Illinois
- Illinois Common School Fund (K-12)
- Illinois Veterans Assistance Fund
- Ticket For The Cure Fund
- Quality of Life Endowment Fund
- Multiple Sclerosis Research Fund
- Special Olympics Fund
Indiana
- Build Indiana Fund
- Teachers Pension Fund
- Police & Firefighters Pension Fund
Iowa
- General Fund
- Veterans Trust Fund
Kansas
- Transfers back to the State
Kentucky
- Post-Secondary & College Scholarships
- Literacy Programs & Early Childhood Reading
Louisiana
- Transfers to State
- Problem Gambling
Maine
- General Fund
- Maine Outdoor Heritage Fund
Maryland
- Maryland General Fund - Lottery Profit
- Baltimore City Schools - Lottery Profit
- Maryland Stadium Authority - Lottery Profit
- Education Trust Fund - Video Lottery Terminal (VLT) and Table Game Proceeds
- Local Impact Grants - VLT Proceeds
- Horse Racing Industry - VLT Proceeds
- Small, Minority, and Women-Owned Businesses - VLT Proceeds
- Responsible Gaming - VLT and Table Game Assessments
Massachusetts
- Cities and Towns
- Arts Council
- General Fund
- Compulsive Gamblers
Michigan
- Education (K-12)
- Health and Human Services
- General Fund
Minnesota
- General Fund
- Environmental and Natural Resources Trust Fund
- Game & Fish Fund
- Natural Resources Fund
- Compulsive Gambling
Mississippi
- State Highway Fund
- Education Enhancement Fund
Missouri
- Public Education in Missouri
Montana
- State of Montana General Fund
Nebraska
- Compulsive Gamblers Assistance Fund
- Education Innovation Fund
- Environmental Trust Fund
- State Fair Support & Improvement Fund
- Nebraska Opportunity Grant Fund
New Hampshire
- Education
New Jersey
- Education and Institutions
New Mexico
- Lottery Tuition Fund
New York
- Education
North Carolina
- Education
- Alcohol Law Enforcement
- NC Problem Gambling
North Dakota
- Compulsive Gambling Fund
- State General Fund
- Drug Task Force
Ohio
- Education
Oklahoma
- Education
- Mental Health
Oregon
- Economic Development
- Public Education
- Parks and Natural Resource Programs
- Gambling Addiction Prevention & Treatment Programs
Pennsylvania
- Programs for older Pennsylvanians
Rhode Island
- General Fund
South Carolina
- Education Lottery Fund
South Dakota
- General Fund
- Capital Construction Fund
- Grant to Human Services
Tennessee
- Lottery for Education Account
- After School Program
Texas
- Foundation School Fund
- Multicategorical Teaching Hospital
- Texas Veterans Commission (Veterans Assistance Fund)
Vermont
- Education Fund
Virginia
- Direct aid to Public Education K-12
Washington
- Washington Opportunity Pathways Account
- King County Stadium and Exhibition Center (Qwest Field)
- Economic Development Strategic Reserve
- Problem Gambling
- General Fund
West Virginia
- Education
- Senior Citizens
- Tourism
Wisconsin
- Public Benefit - Total Available for Property Tax Relief
Wyoming
- Wyoming cities, towns, and counties
veryGood! (9927)
Related
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Jury convicts North Dakota woman of murder in 2022 shooting death of child’s father
- Columbus Blue Jackets coach Mike Babcock, Boone Jenner dispute privacy violation accusation
- Imprisoned Iranian activist hospitalized as hunger strike reaches 13th day
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- New England Revolution refuse to train after Bruce Arena's resignation, per reports
- How Libya’s chaos left its people vulnerable to deadly flooding
- Have spicy food challenges become too extreme?
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Roy Kidd, who guided Eastern Kentucky to 2 NCAA Division I-AA football championships, dies at 91
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Wisconsin GOP to pursue nonpartisan redistricting to avoid having state justices toss maps
- A Connecticut couple rescues a baby shark caught in a work glove
- Tearful Ariana Grande Reveals Why She Stopped Using Lip Fillers and Botox 5 Years Ago
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Hundreds of Bahrain prisoners suspend hunger strike as crown prince to visit United States
- 8-year-old boy accidentally shot when barrel with guns inside set on fire
- Federal judge dismisses racial discrimination lawsuit filed by former Wilmington police officer
Recommendation
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
Kelsea Ballerini is returning to Knoxville for special homecoming show
How Bad Bunny Really Feels About Backlash From Fans Over Kendall Jenner Romance
Second Wisconsin Republican announces bid to take on Sen. Tammy Baldwin
In ‘Nickel Boys,’ striving for a new way to see
Rubiales summoned by Spanish judge investigating his kiss of player at Women’s World Cup
‘Rustin’ puts a spotlight on a undersung civil rights hero
US sanctions Lebanon-South America network accused of financing Hezbollah