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N.C. Lottery increases prize percentage

North Carolina LotteryNorth Carolina Lottery: N.C. Lottery increases prize percentage

Critics decry smaller education 'slice of pie'

RALEIGH, N.C. — Like or loathe the state lottery, there's no question the total amount it generates for education keeps growing. One thing that isn't growing, however, is the percentage that goes to schools. The funding formula keeps changing.

Since its inception, state lawmakers and lottery leaders tweaked the funding formula in an effort to increase ticket sales.

A new report from the nonprofit watchdog group North Carolina Policy Watch shows just how much it's changed.

When it started, the lottery paid 35 cents of every dollar sold to education. Now, it's down to 29 cents, says Sara Ovaska with N.C. Policy Watch.

"The actual size of the piece of pie that education is getting is smaller," Ovaska said. "So, how small is it going to get?"

"Whether it's 29 percent or 35 percent or 45 percent, the point for me is that bottom-line dollar, so we've seen more revenue going to schools," Gov. Bev Perdue said.

Perdue defends the move to put more money in prizes to generate more lottery sales. She also defends moving lottery money out of school construction to save teacher jobs.

The governor says she opposes supplanting school funds with lottery, yet WRAL News tracked the General Fund education allotment from the time the lottery passed.

The games failed to stop a trend going on for years. Overall spending slowly increased, but the actual public school percentage of the General Fund continued to drop off.

Perdue said that without lottery money for education — about $419 million this year — the state would be in a much worse budget situation than it already is.

http://media.lpimg.com/2010092603.mp4

Thanks to jbarn884 for the tip.

WRAL

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4 comments. Last comment 4 years ago by dpoly1.
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rdgrnr's avatar - walt
Way back up in them dadgum hills, son!
United States
Member #73904
April 28, 2009
14903 Posts
Offline
Posted: September 26, 2010, 12:45 pm - IP Logged

Critics decry smaller education 'slice of pie'

Like or loathe the state lottery, there's no question the total amount it generates for education keeps growing. One thing that isn't growing, however, is the percentage that goes to schools. The funding formula keeps changing.

Since its inception, state lawmakers and lottery leaders tweaked the funding formula in an effort to increase ticket sales.

A new report from the nonprofit watchdog group North Carolina Policy Watch shows just how much it's changed.

When it started, the lottery paid 35 cents of every dollar sold to education. Now, it's down to 29 cents, says Sara Ovaska with N.C. Policy Watch.

"The actual size of the piece of pie that education is getting is smaller," Ovaska said. "So, how small is it going to get?"

"Whether it's 29 percent or 35 percent or 45 percent, the point for me is that bottom-line dollar, so we've seen more revenue going to schools," Gov. Bev Perdue said.

Perdue defends the move to put more money in prizes to generate more lottery sales. She also defends moving lottery money out of school construction to save teacher jobs.

The governor says she opposes supplanting school funds with lottery, yet WRAL News tracked the General Fund education allotment from the time the lottery passed.

The games failed to stop a trend going on for years. Overall spending slowly increased, but the actual public school percentage of the General Fund continued to drop off.

Perdue said that without lottery money for education — about $419 million this year — the state would be in a much worse budget situation than it already is.

http://media.lpimg.com/2010092603.mp4

Thanks to jbarn884 for the tip.

Don't these idiot whiners like the North Carolina Policy Watch drive you insane? The ones who just don't get it and never will? The ones who can't understand that in many instances less is more?

It's the perfect parallel with the tax situation.

Though they're getting a smaller piece of the lottery pie percentage-wise, they're getting more money for education.

It's the same with taxes and President Reagan proved it. If you lower taxes, you get more tax revenue. 

But even though education is getting more money because of taking a lower percentage, they're still whining!  They still want a bigger percentage even though it's proven they'll get less money!

I wonder what part of the word counterproductive these people don't understand?

Or is this a political ploy in an election year so one side can say the other side "cut the percentage of lottery income going to education?"

 


                                             
                     
                                         

 

 

 

 

                                                                                                   

"The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                            --Edmund Burke

 

 

    Pogo's avatar - wfl
    NC
    United States
    Member #29378
    January 1, 2006
    533 Posts
    Offline
    Posted: September 26, 2010, 5:30 pm - IP Logged

    Don't these idiot whiners like the North Carolina Policy Watch drive you insane? The ones who just don't get it and never will? The ones who can't understand that in many instances less is more?

    It's the perfect parallel with the tax situation.

    Though they're getting a smaller piece of the lottery pie percentage-wise, they're getting more money for education.

    It's the same with taxes and President Reagan proved it. If you lower taxes, you get more tax revenue. 

    But even though education is getting more money because of taking a lower percentage, they're still whining!  They still want a bigger percentage even though it's proven they'll get less money!

    I wonder what part of the word counterproductive these people don't understand?

    Or is this a political ploy in an election year so one side can say the other side "cut the percentage of lottery income going to education?"

     

    I Agree! I Agree! I Agree!

    If you have 35% for education generating $30 million & it's changed to 30% towards education generating $42 million - what's the problem? Besides the more I win the more I'm going to play & keep playing as of a month ago I had just about quit! You, re right about the taxes, too. If you go from taxing me 30% to 40% I now have less money to spend, in turn generating less sales tax, in turn generating less money for the employers to hire more employees, in turn producing less taxable paychecks, etc. on through the contiguous chain of the trickle tax economic world we live in called capitalism... - 'Nuff Here, Pogo Smash

      Avatar
      Atlanta, GA
      United States
      Member #1265
      March 13, 2003
      3326 Posts
      Offline
      Posted: September 27, 2010, 9:06 am - IP Logged

      I Agree!  with Rdgrnr and Pogo both.  When players have the potential to receive more they play more, creating more revenue.  Simple economics, maybe too simple, too obvious for career bureaucrats to understand.

      Good luck to everyone!

        dpoly1's avatar - driver
        PA
        United States
        Member #66141
        October 16, 2008
        1452 Posts
        Offline
        Posted: September 27, 2010, 9:55 am - IP Logged

        Don't these idiot whiners like the North Carolina Policy Watch drive you insane? The ones who just don't get it and never will? The ones who can't understand that in many instances less is more?

        It's the perfect parallel with the tax situation.

        Though they're getting a smaller piece of the lottery pie percentage-wise, they're getting more money for education.

        It's the same with taxes and President Reagan proved it. If you lower taxes, you get more tax revenue. 

        But even though education is getting more money because of taking a lower percentage, they're still whining!  They still want a bigger percentage even though it's proven they'll get less money!

        I wonder what part of the word counterproductive these people don't understand?

        Or is this a political ploy in an election year so one side can say the other side "cut the percentage of lottery income going to education?"

         

        I Agree!  Our friend rdgrnr understands the way Real Economics works!

        It is time for the whiners to crawl back to their caves! Let the Adults handle these things!