Posted: May 30, 2007
   
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A Michigan School Money Primer




 

State Lottery

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The Michigan Lottery was established on Aug. 1, 1972, with the implementation of Public Act 239. The lottery had been made legal on May 16, 1972, by a constitutional amendment.[lxxi] Except for the lottery money that is set aside for the compulsive gaming prevention fund (the lesser of 10 percent or $1 million),[144] the net earnings of state lottery games are deposited in the state school aid fund.[145] In fiscal 2006, about $688,017,340 was added to the school aid fund from lottery profits.[146]


[lxxi] For a complete history, see "Michigan Lottery Through the Years," Michigan Lottery,
http://www.michigan.gov/lottery/0,1607,7-110-29196-4130--,00.html.

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A Michigan School Money Primer

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Fri., Nov. 21 - Sun., Nov. 23, 2008
Inspire, Don't Expire
Lawrence W. Reed's comments from our 20th anniversary gala.

 

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