As the Mega Millions and Powerball jackpots grow, so do the lines of people looking to buy a ticket. That’s good news for state coffers and the public education programs they fund.
In many states, a significant share of lottery revenue helps finance public higher education. During the 2020 fiscal year, nontax state support for higher education—primarily from lottery revenues—grew by 9.1 percent nationwide to a total of nearly $4.4 billion, according to the latest State Higher...
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