Tuesday was a $30.1 million payday for Idaho schools — thanks to another recordbreaking year for the state lottery.
The Idaho Lottery delivered a $48.2 million dividend Tuesday, the state’s cut from $197.6 million in ticket sales.
Here’s how the money breaks down for K-12:
- The first $18,075,000 go into the Department of Education’s School District Building Fund. This fund received $17 million in 2012.
- The Department of Education’s Bond Levy Equalization Fund will receive $12,050,000, up from $7.5 million a year ago.
The rest of Tuesday’s dividend goes to the Permanent Building Fund, which is used to pay for university and state government construction projects.
The $48.2 million dividend continues a winning streak of sorts for the Idaho Lottery. Now in its 24th year, the lottery has delivered recordbreaking dividends each of the past 10 years. The 2012 dividend was $41.5 million.
More reading: Here is a link to the lottery news release.