Ohio Gambling

[blitzed]

Interesting.

http://www.dispatch.com/content/stories/local/2016/08/28/gambling-losses-amounted-to-9-7-billion-in-ohio-over-four-years.html

later,
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[Icewynd]

9.7 Billion with a "B"! That's a lotta dough!

$9.7 Billion in gambling losses = $9.7 Billion in government revenue over 4 years, but they only sent about $4 Billion to the education budget. What happened to the rest of it?

 

[blitzed]

Hiya Icewynd, ha! no idea, each lottery divvies it up differently...also OH contracts with a casino company to run their lottery I think. Maybe they only have to guarantee $1bil for education fund per year, then rest is operating expenses & profits.

Also some lotteries are different, education doesn't always have a monopoly...some also divert some revenue to orphans, homeless, battered women, etc.

cya,
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