The Texas Lottery generates billions in revenue, some of which goes to public schools, veterans

According to the Texas Lottery, ticket sales brought in $8.3 billion last year, and about $2 billion of that went to public education.

CEDAR PARK, Texas — Thousands of people played the on Wednesday power ball at locations across Texas in hopes of winning over a billion dollars. That included a store in Cedar Park that sold a million-dollar ticket Monday.

“Someone came and just bought the ticket and literally won a million dollars,” manager Hassan Abbas said.

The Powerball game generates a lot of money through sales, and a portion of that goes to schools.

“Approximately half of all Powerball revenue goes directly to funding Texas public education,” said Gary Grief, Executive Director of the Texas Lottery.

He said in addition to Powerball, all games bring big money.

“To recap: Last year we had a record sales year. In total, this includes scratch cards and all of our draw games totaling $8.3 billion in lottery ticket sales. Of that $8.3 billion, about $2 billion went, the majority of which went to public education,” Grief said.

He said the money goes to the Texas Education Agency, which decides where it goes.

“It can be used on a variety of items, school buses, textbooks, desks, you name it. When it comes to public schools, Lotteriegeld flows in that direction.”

In the 30 years of lottery history in Texas, more than $29 billion has flowed into public schools. Grief said a portion of the lottery also goes to veterans’ programs.

“That money goes to the Texas Veterans Commission, which in turn gives various grants throughout the year to veteran organizations in need,” Grief said.

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https://www.kvue.com/article/news/local/texas/texas-lottery-billions-sales-public-schools-veterans/269-81ba22e5-b86d-4e2e-9da6-0d243d465efe The Texas Lottery generates billions in revenue, some of which goes to public schools, veterans

Laura Coffey

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