Where The Money Goes
The largest share of Idaho Lottery dollars is returned to players in the form of prizes. This amount in FY 2009 was approximately 60%. The next largest share of revenue is the annual dividend, which by statute is split equally between Idaho’s public schools and permanent buildings, including college campuses. Approximately 25% of all Idaho Lottery revenue was returned to the people of Idaho in FY 2009. The approximately 900 Idaho Lottery retailers received 6% of all revenue while game support utilizes 4%, administration costs were 3% and the smallest portion, 2%, was used for advertising.
Read more about this topic: Idaho Lottery
Famous quotes containing the word money:
“We know now that Government by organized money is just as dangerous as Government by organized mob.... [The organized moneyed people] are unanimous in their hate for me and I welcome their hatred.... I should like to have it said of my second administration that these forces met their master.”
—Franklin D. Roosevelt (1882–1945)