Lottery fever: record revenues for schools

Tuesday was a $30.1 million payday for Idaho schools — thanks to another recordbreaking year for the state lottery.

Idaho lotteryThe 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.

Idaho EdNews Staff

Idaho EdNews Staff

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