Va schools get about $22M from Mega Millions sales


No one in Virginia may have won the Mega Millions jackpot, but lottery officials say the state’s public schools were big winners, the Associated Press reports. During the jackpot run that began after the Jan. 24 drawing and continued until Friday, sales of Mega Millions tickets in Virginia generated nearly $22 million in profit. By law, all of that profit goes to K-12 public schools in Virginia. In addition, officials say that Virginia retailers that sell lottery tickets earned more than $2.4 million in selling commissions. The Virginia Lottery generates approximately $1.2 million per day for Virginia’s K-12 public schools. The lottery raised more than $444 million for Virginia’s public schools in fiscal year 2011. That’s about 8 percent of state funding for public education in Virginia…

Click here for the full story

Sign up for our K-12 newsletter

Newsletter: Innovations in K12 Education
By submitting your information, you agree to our Terms & Conditions and Privacy Policy.

Want to share a great resource? Let us know at submissions@eschoolmedia.com.

New AI Resource Center
Get the latest updates and insights on AI in education to keep you and your students current.
Get Free Access Today!

"*" indicates required fields

Hidden
Hidden
Hidden
Hidden
Hidden
Hidden
Hidden
Hidden
Hidden
Hidden
Email Newsletters:

By submitting your information, you agree to our Terms & Conditions and Privacy Policy.

eSchool News uses cookies to improve your experience. Visit our Privacy Policy for more information.