Mega Millions: Where Does the Money Go?
Many people plan how they would spend the money if they won the lottery. But what happens to the portion of ticket sales that doesn't go to winners?Photo: Video by kmir6.com
Many people plan how they would spend the money if they won the lottery. But what happens to the portion of ticket sales that doesn't go to winners?
Here in the desert, we spoke with a Rancho Mirage couple who just one month ago hit a 20 million dollar Super Lotto jackpot.
The Crippens told us they're putting the money to good use - donating some to Eisenhower Medical Center, local churches and charities.
But regardless of whether you're holding a winning ticket, the California Lottery touches your life.
Its a big lump of cash.
"Oh my I can't even fathom that, I would bless everybody," said Cheryl Harrison of Palm Desert.
"Actually it's quite exciting really, I'd make some movies," said Robert Dudelson of Rancho Mirage.
But did you know only part of what you pay goes to the winnings?
"Well I think that's fair, somebody else has got to, I'm not greedy, you know its spread the wealth," said Douglas Hetrick of Encinitas, California.
So where does most of it go?
"I have no clue, that's a good question," said Adrienne Urrea of Bermuda Dunes.
"Well I know it goes to schools, the city, the rest, taxes," said Ginger Melton of Indio.
Here's the breakdown.
For your lottery dollar, 53.9 cents goes to winners. But another big chunk goes to education: 34.6 cents
Harrison thinks schools should get even more, "I think it should raised to 80 percent."
In fact, everyone we spoke to said they support a large portion going to education.
"It needs to go to schools, help out the teachers and kids, yes, I think it should," said Melton
Of that money, about 64 percent goes to educator salaries and 20 percent to classroom materials.
"I think it should definitely go to education," said Dudelson.
"More, I think more should go to education," said Urrea.
Over a billion a year goes to California schools, accounting for about 1.5 percent of all education funding.
So next time you gamble... Win or lose, you're giving schools a winning ticket.
Here's the winning number.
23...32....33....39....43... And mega ball number is 8
The record Mega Millions jackpot was in March 2007 for a whopping 390 million dollars!