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California Lottery contributed $20 billion to education

4 January 2008

ACRAMENTO, California -- (PRESS RELEASE) -- A historic milestone for supplemental education funding has been reached as new sales figures show that the California Lottery has contributed $20 billion to public education since its inception.

"I am happy to announce that the California Lottery reached the historic mark of $20 billion in contributions to California's education system," said Lottery Director Joan Borucki. "This figure represents the hard work of Lottery employees and retailers throughout the state."

The new sales figures for the second quarter of the 2007-2008 fiscal year reflect this significant milestone. The California Lottery's contributions to education account for approximately 1 percent of the state's education budget. Since the California Lottery was introduced in 1985, sales of Lottery products have brought in more than $20 billion to California's education system. Last fiscal year was the seventh consecutive year the Lottery contributed more than $1 billion to education.

Over 95 cents of every Lottery dollar is returned to the community in the form of contributions to education, prizes and retail commissions. The California Lottery contributes at least 34 cents of every dollar that players spend on Lottery products to public education and returns more than 50 percent of sales to players in the form of prizes. Since its inception in 1985, the Lottery has contributed more than $20 billion to California schools out of total sales of more than $54.8 billion. Retailers win too, earning $3.5 billion in compensation since 1985.

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