California Schools Received $1.3 Billion in Lottery Funding for 2013-2014 Fiscal Year

California schools and colleges have been given a $1.3 billion funding boost thanks to the California Lottery. Schools and educational initiatives in Los Angeles County received $332.6 million last year, while another $106.4 million was allocated to Orange County. San Diego County rounded out the top three with an impressive $102.4 million given to education.

Much of the money given back to California schools came from unclaimed prizes, which are always transferred to the Lottery Education Fund if no one comes forward to redeem their winnings within 180 days of the draw date or, for scratchcards, the advertised end of game date.

The funding for elementary and secondary schools as well as community colleges was distributed through the Office of the Treasurer-Tax Collector while money allocated for the University of California system was directly deposited into their dedicated accounts.

Assembly Bill 142 dictates that 87 percent of sales for the California Lottery have to be returned to the public in the form of prizes and contributions to educational initiatives. Administrative expenses are limited to 13 percent.

Visit the California Lottery website for more information about the great games they offer and the wonderful causes they support.

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