Quote:
Originally Posted by carolinabay
Started the worst form of gambling ever, state numbers game, AKA EDUCATION lottery. Because, it of course helps the children. Except a lot of the revenues do not go to education.
Indeed.
In California, the lottery is such that two thirds of the total revenue goes back to the prizes. One fourth of the total goes to education. The rest covers the costs of running the lotteries in the first place and/or makes up the smaller prizes that go to the retailers.
Of the money going to education, it divvies up roughly as follows: almost 80 percent to K-12th, 14 percent to the community colleges, and the remaining 6 percent split between the Cal State University and University of California systems. [Source:
https://www.calottery.com/who-benefits] Of course, the problem is that revenue isn't quite as helpful as the annual revenue totals might seem. If the CA Lottery pulls in $6 billion in a year, it
sounds good. Thats $1.5 billion going to education, and thus $1.2 billion earmarked for the K-12 kiddos. Great success!
But when you consider there are about 10,500 public schools serving six million K-12 students in California, you can see how thin that money actually becomes. On average, that distribution might pick up the tab for two teachers per school. On a per-student level, we're talking about a few hundred bucks per annum. Little Aiden and Emma can share a Chromebook!
One funny outcome is this local news story:
https://www.abc10.com/article/news/l...e-982e71d4ee4e. That article both trumpeted the $1.8 billion for the K-12 schools AND the fact that such a sum accounts for one percent of the total education budget... all in the same sentence. I like to think the reporter (Giacomo Luca) was tilted for having to do a puff piece, then wrote that as a middle finger to the commission.