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According to the Virginia Lottery's Web site, in 1999 all proceeds from the Lottery were allotted to local public schools, to be used for educational purposes, and in 2000 Virginians voted affirmatively on the State Lottery Proceeds Fund, which was an amendment to Virginia's Constitution that directed all Virginia Lottery profits go to education. Every day people purchase Lottery tickets in the hope of hitting the "Jackpot" or even just making a few "extra bucks", and believe they are justified because the money goes to help local schools, but should Virginians rely on the Lottery for the funding of their schools?
Does the Virginia Lottery really help our schools? According to an article from MONEY Magazine (1996), there are two reasons that lotteries don't have as much tax benefits as politicians and the Lottery commission would have us believe...
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