You and your office pool didn’t win the record-large Powerball this week, but at least all those tickets you bought will help support local schools — right?
Not necessarily.
Use of lottery funds varies by state, but even when states earmark money from ticket sales for education — as many advertise they do — schools don’t always get a financial windfall, experts say.
Read more: How to Watch the $1.5 Billion Powerball Drawing Live
“Revenues generated from lottery have very little or no impact on overall education spending,” said Lucy Dadayan, a senior policy analyst at the Nelson A. Rockefeller Institute of Government, an Albany, New York, think tank.
Read the rest of the story from our partners at NBC News
More Must-Reads from TIME
- Why Trump’s Message Worked on Latino Men
- What Trump’s Win Could Mean for Housing
- The 100 Must-Read Books of 2024
- Sleep Doctors Share the 1 Tip That’s Changed Their Lives
- Column: Let’s Bring Back Romance
- What It’s Like to Have Long COVID As a Kid
- FX’s Say Nothing Is the Must-Watch Political Thriller of 2024
- Merle Bombardieri Is Helping People Make the Baby Decision
Contact us at letters@time.com