Fueled by Mega Millions, record lottery sales boost money for Ohio schools
Posted: 07/09/2012
DAYTON, Ohio - A year of record-high sales for the Ohio Lottery has led to its highest payout yet for public schools, totaling $771 million.
The lottery topped $2.7 billion in sales for the fiscal year that ended June 30, up from $2.6 billion the previous year. By law, the profits are given to the Ohio Department of Education to support schools.
The Dayton Daily News reports the funding amounts to about 6 percent of the department's general revenue budget but could be more significant amid cost-cutting and declining revenues in many districts.
A department spokeswoman says every dollar helps.
Lottery sales in Ohio have increased for the past 11 years. The sales for last fiscal year were especially boosted in March by a record $656 million Mega Millions jackpot.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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