Mega Millions: Where Do Ticket Proceeds Go? - News and Weather For The Quad Cities -

Mega Millions: Where Do Ticket Proceeds Go?

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     Whether you bought ten tickets or none you might be wondering where all the proceeds from Tuesday's massive Mega Millions jackpot goes.  It varies from state to state. In Iowa for example 50 cents of every dollar spent goes to the prizes. Then 35 cents goes to different programs and services in the state. The rest is split between retail locations and various lottery general expenses. For Illinois it's similar.

     For this jackpot run, which began in October, lottery players in Iowa bought more than $8.5 million in Mega Millions tickets. That means just under $3 million will go to the state general fund for everything from education to agricultural and law enforcement programs. A portion also goes to the Iowa veterans trust fund.

     Lottery hopefuls in Illinois spent about $54 million on tickets over the course of this jackpot run. About 40 percent, close to $21.6 million, will go to the capital projects fund and the Common Schools Fund. But even with jackpots getting bigger and bigger school districts aren't seeing a difference.

      "Our funding hasn't gone up. If you want to say it would have been cut worse without it maybe you could make that argument," said Dr. David Moyer, Superintendent of Moline Schools. "The amount of state dollars that were appropriated into education are X and that fund is put into education and essentially it's kind of a shell game."

      Illinois lottery officials say Mega Million ticket sales peaked last night selling at a rate of $1.4 million in one hour. 

 

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