Education Lotto

Posted By: Dr. Frugal in Loans on 10/08/2007 at 13:56:40

The New York Times printed an article today that blew my mind. I know Illinois' lottery was set up (or so the story goes) to help fund education. I had always assumed (wrongfully) that this lottery was contributing huge chunks of money. Wow. Less than 1%· To me that's shocking. I'm sure the various schools are grateful for every dollar they get but it doesn't really make sense to me that gambling of all things should be used to offset education costs when they're getting a measly 1% of the profits.

Maybe it's just me...but that article was a real eye opener.

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