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The Lottery Why should Utah adopt the lottery? When was the Lottery started 1 St recorded lottery...
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Transcript of The Lottery Why should Utah adopt the lottery? When was the Lottery started 1 St recorded lottery...
The Lottery
Why should Utah adopt the lottery?
When was the Lottery started
1St recorded lottery was held during reign of
Augustus Caesar
1st recorded lottery to
distribute prize money was in
1466 in what is now Belgium
1st US lottery was in 1612
created by King James to aid then British-
colony Jamestown
Modern form of today’s lottery
was established in New
Hampshire in 1964
Now operates in 43 states and the District of
Columbia, Puerto Rico and the U.S. Virgin
Islands
Benefits
Provides funding for • Education system• Public works• National Parks
In many states taxpayers decide
where the funds go
Oregon
Oregonians designated 59% of lottery earnings to public education, allocating the rest to economic development and state parks.
Georgia
In 1995 Georgia yielded 85 million in scholarships which allowed more than 100,000 Georgia high school graduates to receive post secondary education
New Jersey
59.63% - Prizes
34.43% - Education/Institutions
5.57% - Retailer commissions
1.34% - Contractor fees
1.33% - Admin expenses
.02% - other operating expenses
Pennsylvania
Since 1972 the lottery has generated more than 22.6 billion in funding programs that offer assistance with
Senior centers
Low-cost Prescrition
drugs
Free transit
and reduced
fare share rides
Property taxes/ rent
rebate program
Long term living
services
Pennsylvania
For every dollar• 60 cents goes to prizes• 30 cents to benefit programs• 6.9 cents to retail and vendor
commissions• 2.1 cents operating expenses
Why Utah?
Sources
• NATIONAL GAMBLING IMPACT STUDYCOMMISSION-http://govinfo.library.unt.edu/ngisc/research/lotteries.html
• Where the money goes. - http://www.state.nj.us/lottery/where/4-0_where.htm
• http://www.palottery.state.pa.us/Winners-Beneficiaries/Who-Benefits/Where-Does-The-Money-Go.aspx
• Utah missing out on benefits of the lottery-http://www.dailyutahchronicle.com/?p=2581458