USA state lotteries ‘donate billions to support their regions’ – January 4th 2012

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The state lotteries of the USA may generate some of the most exciting jackpot draws out there, but they also make a lot of money that goes towards supporting their local area and its residents – with education topping the bill as one of the main beneficiaries of this kind of funding.

These donations can sometimes fall under the radar, so what good causes do lottery funds go towards in the home states of the Florida Lotto, Hoosier Lottery and New York Lotto?

Florida Lotto

The USA Florida Lotto is famous for making enormous top prizes that lotto fans from all over the world clamour for, but many people may not realise the draw plays an important role in generating finances to support the state’s education.

According to the Florida Lottery, it is the organisation’s mission to maximise funding to enhance public schooling inFlorida.

For the financial year from 2010-2011, the lottery generated more than $1.19 billion to the Educational Enhancement Trust Fund.

This is the ninth time in the 23-year history of the lotto that it has surpassed the $1 billion mark in a single year and since it began, the Florida Lotto’s total contribution to this cause has exceeded $23 billion.

Education USA state lotteries donate billions to support their regions January 4th 2012

Hoosier Lottery

The Indiana Hoosier Lottery is another draw that does much to support its state.

Indeed, the lotto generated $188 million in net income for the fiscal year of 2011, which was used to lower motor vehicle tax for allIndiana drivers.

Additionally, this money also went to boost the pension funds of those who do essential work in the Indiana community, including teachers, policemen and women and firefighters.

Since it was launched in 1989, the USAHoosier Lottery has produced nearly $4 billion for the citizens of its home state.

New York Lotto

The New York Lotto is also committed to its regional education and the lottery allocates revenue to local school districts, teaching and related facilities.

If the lotto makes more than its budget estimates then the additional finances go into its aid distribution pot.

For the year 2010-11 alone, the New York Lotto gave $2.12 billion to aid state education.