After no one won Wednesday night's drawing, the jackpot jumped to a record breaking $1.6 billion. It will result in big winnings for those who have the lucky ticket and for the state as well.
The Massachusetts State Lottery makes billions of dollars a year. The lottery said when you average all of their games,
The lottery said 19% goes right to cities and towns, another 6% goes to retailers, and less than 2% goes to administrative expenses.
When you focus on the money going back to municipalities, you will find cities and towns have a lot of say on how it's spent.
Massachusetts joins Maine, Connecticut, and Rhode Island in putting money toward a general fund. Vermont and New Hampshire opted for an education lottery.
In the 50 years since its first ticket sold, the Massachusetts State Lottery said it has given back more than $31 billion to municipalities. That includes $1.1 billion this year alone.
"We rely heavily on state aid in the town of Dracut," said Dracut Town Manager Ann Vandal. Vandal said roughly a quarter of the town's annual budget is made up of state aid, a good portion of which consists of lottery money.
The Massachusetts Lottery encouraged people to play responsibly and within their means.
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