New York’s lottery revenue has soared in recent years and reached a record $9 billion last year. But the percentage of education aid that comes from the lottery hasn’t budged, and the state’s gaming halls are getting more money.
The New York Lottery boasts that sales help fund the state’s roughly 700 school districts. Though schools are getting more money, about half goes to lottery prizes, a review of records by Gannett’s Albany Bureau reported over the weekend.
In the 2011-12 fiscal year, nearly 50 percent of the revenue went to prizes; 34 percent went to schools, lottery records show. The commissions to the state’s video-lottery facilities have doubled over the past five years as the facilities rapidly grew.
• Lottery revenue makes up about 15 percent of all state education funding, which was about $20 billion last year.
• About $2.9 billion in lottery money went to schools last year, about 34 percent of total lottery revenue. But 49 percent went to prizes, about $4.2 billion.
• Lottery aid has been helped by the growth in video-lottery terminals, but the vendors are keeping an increasingly large share of the pot.