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Education Funding News in Brief

Record Lottery Sales Boost Ohio Schools

By The Associated Press — July 17, 2012 1 min read

A year of record-high sales for the Ohio Lottery means its highest payout yet for public schools: $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. Lottery sales in Ohio have increased for the past 11 years.

By law, lottery profits are given to the Ohio education department to support schools. The funding amounts to about 6 percent of the department’s general-revenue budget of $7.6 billion.

Sales for last fiscal year were helped by a record $656 million Mega Millions jackpot in March.

A version of this article appeared in the July 18, 2012 edition of Education Week as Record Lottery Sales Boost Ohio Schools

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