Does Lottery Revenue Fund Education?
I’m sure we all participated in the the Powerball craze that took over the country several weeks ago. Lottery commissions all across the country often state that some of the revenue from ticket sales goes towards public good such as parks and education. Is this actually true? CNN Money
found that the lottery revenue often replaces, not supplement, targeted public programs. This is true in several states such as Florida and North Carolina, which have all seen school budget cuts. They found that about only 15 states use all or a substantial amount of lottery revenue for education. As to the rest, no one really knows where all that money goes. Should states be allowed to use lottery revenue solely on education?