Money goes to school fund
LANSING, Mich. — The deadline has passed for a large lottery jackpot to be claimed and as a result, the state School Aid Fund will benefit from it.
A winning Jackpot Slots Fast Cash ticket worth $519,456 expired on Friday, July 27, 2018, one year after it was purchased. That ticket was sold at the Marathon gas station, located at 17040 East Warren Avenue in Detroit.
The winning ticket is the first major prize to go unclaimed this year, but nowhere near the record set in 1998. The record is an astounding $34 million winning Michigan Lotto game ticket, purchased at the Meijer located at 1350 West Lake Lansing Road in East Lansing.
The winner for that drawing also didn't come forward and the $34 million prize was then given to the school aid fund.
The Michigan State Lottery says 97 cents from every dollar spent on lottery tickets in the state "directly benefits the state", with 28% of ticket sales going directly to the School Aid Fund. Last year, a record $924.1 million was contributed to the fund from the lottery.
" ..and the $34 million prize was then given to the school aid fund." Great!
"The Michigan State Lottery says 97 cents from every dollar spent on lottery tickets in the state goes to the school aid fund"
This can't be right. 97% to the school aid fund is way too high and would leave little else for prize payouts and admin expenses...
97% of $924 Million ???
Holy smokes...Really ?? $896.2 Million goes to education ???
Even Tennessee gives about 26% to education and around 63% to prizes......which runs about the same in Texas.
That statement seems a bit off to me.....
Wouldn't happen if all players are registered.
Perhaps, just perhaps- Michigan is saying “ screw administration costs etc, our water in Flint is comparable to sewage”- let’s do the right thing and give 97% back to Education and the KIDS.” Hey Flint, buy your bottled water, you have the funds now!
To me these stories are more sad than those that win and blew the cash over time. Those characters had the opportunity at a better life. Someone failing to check his/her tickets or losing it never got that chance. From 11pm until the results are posted on USA Mega, I have my tickets in hand with my eyes glued to the web page. USA mega among every lottery sites are the first to post drawing results. I take comfort in the fact that the money goes towards a worthy cause but I like seeing winners get their winnings.
From the Michigan Lottery website:
"Where Each Lottery Dollar Goes
* 60 cents to prizes for players.
* 28 cents to the School Aid Fund.
* 9 cents to commissions for vendors and retailers.
* 3 cents for the Lottery's ongoing operations and administrative costs
Out of every dollar spent on Lottery products, 97 cents directly benefits the state."
So it looks like the School Aid Fund gets 28%. The 97% figure "directly benefits the state", whatever that really means
Michigan must have some of the richest school administrators in the nation. Ask any one of those kids leaving 8th grade what 8 X 8 equals? My guess none know the answer to that. Just stare mindlessly into the "smart" phone.
How difficult is it to put it inside your wallet. Don't bother signing it, use those few seconds to gather your receipt, change, and ticket and walk out the door.
Doing unto others, in this case, is asserting your right to take your time and be set when you leave with your groceries. You would give that same right to anyone else in the line.
What? You are missing your favorite television show and commercials. Come on people!
Here's the thing:
A Jackpot Slots FastCash ticket is printed and played INSTANTLY. The winner should have known to check the ticket BEFORE LEAVING THE STORE. But, oh well. Someone could have had a huge payday and instead tossed it in the trash thinking it was a loser because they couldn't read the ticket right.
I took what I thought was a $1,000 winner to the lottery office a couple months ago only to be told it was a $5,000 winner - I checked the one line I knew was a winner and that was it - but it had 5 LINES of the EXACT SAME SYMBOL. At least I knew I had won.
Thank You NoCompLotto! for the clarification. Congratulations on winning $5,000.00 !!!
The lottery lies to us? No way! LOL
The Michigan State Lottery says 97 cents from every dollar spent on lottery tickets in the state "directly benefits the state", with 28% of ticket sales going directly to the School Aid Fund.
28% goes to the School Aid Fund
97 cents directly benefits the state