The New York Lottery contributed $3.04 billion in fiscal year 2012-2013 to help support education in New York State, nearly 15 percent of total state education funding to local school districts. The New York Lottery continues to be North America's largest and most profitable Lottery, earning over $48.3 billion in education support statewide since its founding over 45 years ago.
So why do so many people question the lottery and school taxes? The state legislature uses money from the general fund to pay state aid to schools. Then thereís the lottery aid, which can only be used for education. The state replaces school aid with that so they donít have to raise state taxes, but since state aid never pays the whole bill, local school districts end up raising taxes to make the money add up. Plus, when the recession hit in 2009, the state began taking back aid from schools and has done that every year since
Yes that is NY Lottery as in win4, daily numbers, take 5 etc etc. etc. Notice how they say NOTHING about how much they actually took in!! They probably brought in 10 Billion but only gave 3 billion to education. Not to mention a huge portion of the Lotto money brought in was from Welfare Benefits, so in actuality the State is only getting their own money back!
In Fiscal year 2013-2014 the 9 NYS racinos has brought in 29 BILLION dollars yet has only given education 788 million to education.... the rest goes to agent commision, marketing, etc.!!!