State cashes in on Lottery revenue
Reporter: Cory Marshall
TUCSON (KGUN9-TV) - Both the lottery faithful and first-time players flooded convenience stores across the state, hoping the two dollars spent per Powerball ticket wasn't a total loss.
With Wednesday's Powerball Lottery at a record $550 million, there's a lot to hope for.
According to the Arizona State Treasury Office, the state will get an estimated $150 million in lottery revenue by the end of the 2013 fiscal year. A quarter of the cost of each lottery ticket goes toward four areas as mandated by the State Legislature; business and economic development, education, environmental issues and public health and welfare.
"Twenty-five percent of the money goes back to players in the form of prizes and then 25 percent goes to the beneficiaries," Arizona State Lottery spokesperson, Raynie Hosto told 9OYS.
The remaining thirteen percent goes toward retail commission and operating fees.
So, even if you don't win the cash pot -- you're still making out.
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