Lottery sales last year were over $460 million. Isn the Trust Fund supposed to receive all of that?
The lottery’s sales figures represent the total dollars generated before expenses are deducted. Expenses include prizes and administration. While higher sales figures for the lottery generally mean greater contributions to the Trust Fund, the contributions are not based on lottery sales but on the lottery’s net proceeds – the amount left over after all expenses are deducted. The Trust Fund is constitutionally designated to receive forty percent of net proceeds from lottery sales. This is the equivalent of approximately 7 cents of every dollar of lottery sales.
Well, lotteries are definitely getting quite popular now. I myself like togel online pretty much as a way to test my luck and have some fun. Just a small hobby for me which brings some joy to my life.
