where does all the lottery money go in New Jersey?

2 ANSWERS

1. Guest1577
   

   Since its launch, over $15.6 billion in lottery funds have been dedicated to various programs including education and veterans on a broad spectrum.
   
   "When the legislation was created it was decided that money would go towards:
   K-12,
   higher education.
   
   According to Dominick DeMarco, spokesman for the New Jersey Lottery, "The funding doesn’t just cover one project rather it collaborates with other revenue,".
   
   Just K-12 alone, between $10-12 billion has been allocated for educational purposes, according to DeMarco. Areas such as scholarships and nutrition programs are assisted.
   
   As for higher education the lottery supports the New Jersey Council of County Colleges, the coordinating organization for the state’s 19 community colleges that provides residents with a high quality education at a practical cost, explained DeMarco.
   
   Contributions are also made to the Higher Education Student Assistance Authority, which provides families with financial and informational resources to help students pursue education after they graduate high school. And the Equal Opportunity Program, which helps those students who are educationally and economically challenged achieve a college education, that may otherwise be unattainable.
   
   The Department of Military and Veteran’s Affairs also sees a share of the lottery’s money in the way of keeping veteran’s homes open and operating. The over 37,000 people with disabilities are also aided via contributions the lottery makes to the Division of Developmental Disabilities.

   Report (0) (0)  |   12 years, 9 month(s) ago  

2. Guest6530
   

   The New Jersey Lottery plays an  important role in giving financial aid to the small businesses throughout the State. Over 6,000 businesses avail the financial services of the Lottery retailers and act as a direct link between the Lottery and its players. Retailers make their profits by earning  five percent of their Lottery ticket sales in the form of commissions. Last fiscal year, the Lottery returned over $140 million in commissions to support chain stores, supermarkets, pharmacies, convenience stores and small businesses throughout the State.

   Report (0) (0)  |   12 years, 9 month(s) ago