DangBruhY Posted November 17, 2008 Report Share Posted November 17, 2008 I know there are people on here from all over Ohio. Can someone please tell me where exactly the money from the lottery goes? Please don't simply say, "For schools". If that was the case, we wouldn't be paying school levees every freaking year.Does anyone know? Quote Link to comment Share on other sites More sharing options...
yotaman88210 Posted November 17, 2008 Report Share Posted November 17, 2008 In the pockets of the people who already have millions. Quote Link to comment Share on other sites More sharing options...
Pedro Posted November 17, 2008 Report Share Posted November 17, 2008 In the pockets of the people who already have millions.LMAO. I wonder how much does go to schools... Quote Link to comment Share on other sites More sharing options...
yotaman88210 Posted November 17, 2008 Report Share Posted November 17, 2008 apparently not enough. lol Quote Link to comment Share on other sites More sharing options...
DangBruhY Posted November 17, 2008 Author Report Share Posted November 17, 2008 We had a school levy pass this year... It got me thinking where is the money that is supposed to be paying the schools? Because if the schools aren't getting their share, then we need to nix the lottery, if we can't have a casino. BOTH are gambling avenues. Quote Link to comment Share on other sites More sharing options...
John Posted November 17, 2008 Report Share Posted November 17, 2008 (edited) it does go to the schools, and they do get their share. the majority of lottery money goes into the payouts. after that the majority left over goes to education, then some is left over for bonuses and commissions, and then a little left over for advertising and operating costs.the answer for "why do we still have levys?" is an easy one. because the lottery simply can not provide 100% of the funding needed for public schools. funding schools is a burden shared by the federal, state and local governments as well. currently the lottery provides about 5% of the funding for schools annually. Edited November 17, 2008 by John Quote Link to comment Share on other sites More sharing options...
John Posted November 17, 2008 Report Share Posted November 17, 2008 http://www.ohiolottery.com/profits/about.htmlthey got a nice chart on there detailing where it goesSales $2.26 Billion Prizes $1.35 Billion Payments to Education $669.3 Million Bonuses/Commissions $142.4Million Operating Expenses $110.8 Million Quote Link to comment Share on other sites More sharing options...
pri_i_oh Posted November 17, 2008 Report Share Posted November 17, 2008 the problem is they don't actualy get "handed" cash from the state. It comes in the form of grants and such. Common misconception that they just get a check cut. Quote Link to comment Share on other sites More sharing options...
magifesq Posted November 17, 2008 Report Share Posted November 17, 2008 If my math is right then ($2,260,000,000 comes in $669,300,000 goes to shools, rest goes to inventory, advertising, overhead) about $.30 of every dollar goes to the school fund or directly to the schools?I went to Madison HS in Mansfield and one year the levy failed and they cut sports. In my Junior year a teacher explained the budget process - its kinda like to military - you have to spend all of your allotted budget or you won't get as much next year. That might be a problem with the current way the schools are being run. Quote Link to comment Share on other sites More sharing options...
DangBruhY Posted November 17, 2008 Author Report Share Posted November 17, 2008 Ok, that's fine, but when someone wins $1,000,000 and doesn't want it over the next 6 years... They actually give him... Say.... $550,000 in cash. (If that) WHERE does the rest of that go? Is it unclaimed and goes back to the "lottery"? Quote Link to comment Share on other sites More sharing options...
kawi kid Posted November 18, 2008 Report Share Posted November 18, 2008 If my math is right then ($2,260,000,000 comes in $669,300,000 goes to shools, rest goes to inventory, advertising, overhead) about $.30 of every dollar goes to the school fund or directly to the schools?I went to Madison HS in Mansfield and one year the levy failed and they cut sports. In my Junior year a teacher explained the budget process - its kinda like to military - you have to spend all of your allotted budget or you won't get as much next year. That might be a problem with the current way the schools are being run.that happened about two years after i graduated. and it was turned into a pay to play thing. Quote Link to comment Share on other sites More sharing options...
12oclocker Posted November 18, 2008 Report Share Posted November 18, 2008 TRUE, the government taxes it, and they also take like 50% of the winnings of whoever wins in taxes.In the pockets of the people who already have millions. Quote Link to comment Share on other sites More sharing options...
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