Posted: Jan 4, 2025 / 12:43 PM PST
Up to date: Jan 4, 2025 / 12:43 PM PST
(BCN) — The California Lottery raised greater than $2.25 billion for the state’s public faculties in 2024, bringing to $46 billion the overall the lottery has generated for schooling since its inception in 1985.
That is the third yr in a row that the lottery has generated greater than $2 billion for schooling, in accordance with lottery officers. Gross sales from the latest Mega Tens of millions jackpot alone resulted in an estimated $78.8 million for public faculties.
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California Lottery gross sales reached $9.27 billion throughout fiscal yr 2023-24, surpassing the earlier gross sales document of $9.24 billion set the yr earlier than.
Lottery funds are discretionary and can be utilized by college districts to complement the final fund, entice and retain lecturers, fund after-school packages, or different makes use of.
