Lottery sends $41.5 million to Idaho schools - Coeur d'Alene Press: Local News

Lottery sends $41.5 million to Idaho schools

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Posted: Tuesday, July 24, 2012 12:21 pm

BOISE (AP) — The Idaho Lottery is reporting another record year, posting more than $175 million in sales during the last fiscal year.

Lottery officials on Tuesday also turned over $41.5 million to benefit Idaho public schools. That amount is the largest since the lottery started in 1989 and the ninth consecutive year of record dividends.

For fiscal year 2012, the lottery reported sales of $175.8 million, up 19.5 percent or $28 million compared to 2011 and the single biggest annual revenue jump in the lottery's history. The $41.5 million dividend is double the $20.5 million payout in 2003.

The dividend is being split among three separate accounts — the Department of Education's public school building account, the state building fund, and a fund that helps match school bond payments.

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2 comments:

  • bratny822 posted at 2:33 am on Tue, Sep 4, 2012.

    bratny822 Posts: 11

    This year’s anniversary allotment was accomplished on the backbone of almanac sales by the Idaho Lottery and its arrangement of 1150 statewide retailers. 640-816 exam In Fiscal Year 2012, the Idaho Lottery awash $175.8 actor in products, an access of 19.5% over the antecedent year. killtest 640-816 At added than $28 actor over aftermost year’s almanac attached sales figure, in agreement of dollars this year’s access is the distinct better in the Idaho Lottery’s history. 640-816 pratice tests

     
  • voxpop posted at 3:32 pm on Tue, Jul 24, 2012.

    voxpop Posts: 738

    "The dividend is being split among three separate accounts ... "
    The state building fund? So much for using it ONLY for schools. Of course it's all a shell game anyway. This money isn't in ADDITION to state funding, it's in lieu of. And is why they always say money is fungible. So - for those who cry about what the schools are doing with all this lottery money, they aren't doing anything with it. When the state funds education at its 50th out of 50 states level, those lottery dollars are really just going to more business tax breaks, and trips for lame ducks like Hart of course.

     
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