Part of the money invested in the California lottery goes to public education in California. The formula has gotten more complex than the older 34% rule, so I will just report on the results here, taken from the California lottery website: www.calottery.com
The lottery provides 1.5% of the states’ public school budget. It is distributed to school districts and education levels on a uniform per student enrolled basis. The total provided since the beginning of the lottery in 1985 is $24 billion. The funds are broken up by level to: K-12, 76.71%; Community College, 16.22%; Cal State Universities, 4.30%; and the University of California, 2.70%.
The University of California has received $535 million from the lottery since its beginning, and received $27 million in 2011.
