Where does all the money go?
from the Texas Lottery Commission:24.3 percent goes toward Texas education through the Foundation School Fund0.3 percent funds the Veterans Assistance Program and other state programs
In summary, public education is the lotto’s biggest beneficiary besides lottery winners themselves. Since 1997, the Texas Lottery has contributed some $27.6 billion to the Foundation School Fund, which supports public education in Texas, according to the. In fiscal year 2021 alone, the lottery generated about $1.974 billion for the Foundation School Fund.
Beginning in 2009, at the behest of Texas legislators, the state’s veterans also began receiving a cut of the profits generated by the lottery. Since then, the Texas Lottery has contributed more than $166 million for veterans through the Fund for Veterans’ Assistance. From 1992 to 1997, proceeds from the lottery were allocated to the state’s general revenue fund, meaning the money could fund any state program or initiative.Copyright 2019 by KPRC Click2Houston - All rights reserved.Briana Zamora-Nipper joined the KPRC 2 digital team in 2019.
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