![]() ![]() In many states, lottery funds allow the state to spend more money on education without raising taxes.Thanks to these lottery funds, billions of dollars in scholarships have been awarded to over a million Georgia students. A woman by the name of Cinnamon Nicole from Cordova, TN has raised a little more than 800 in seven hours via her Powerball Reimbursement Go Fund Me page.Nicole alleges to have spent all of her money on purchasing tickets with the assumption she would win the 1.6 billion jackpot, but soon. The scholarship pays for four years of education in a Georgia-based college or university, as well as a stipend for books. The Georgia Lottery funds the HOPE Scholarship Program, which helps students who excel academically receive degrees.Over a billion dollars generated by the Pennsylvania Lottery has been used for programs for the elderly including free transportation, rent rebates, care services, and more.(That’s 10 of the smallest prize, and one of the next smallest.) Slightly less terrible: now 0.20 per ticket. Indiana places lottery revenue into a Build Indiana Fund, which tackles projects like preserving historic buildings, upgrading infrastructure, funding organizations that help children and seniors, and other beneficial initiatives. If you buy 100 tickets, you’re likely to win 20.Minnesota puts about a quarter of its lottery revenue into an Environment and Natural Resources Trust Fund that ensures water quality, protects native fish and animals, regulates septic pollution, and much more.When there’s an exceptionally large lottery prize on the line, people can get a bit overinvested both financially and emotionally in the thought of winning. The funds are tallied and split among qualifying residences as a reduction in the amount of property taxes owed each year. Cinnamon Nicole of Tennessee started a GoFundMe page, asking for donations as she spent all of her family’s money buying losing Powerball tickets. ![]() The Lottery and Gaming Credit is funded by the Wisconsin Lottery, pari-mutuel on-track betting, and bingo games.
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