Record-Setting Mega Millions Jackpot Brings Millions in Benefits to New York

August 14, 2023 | Reveue

New York’s Lottery sales while jackpot grew generated millions of dollars in aid to education and commissions for New York retailers

The record-setting $1.602 billion Mega Millions jackpot proved to be a significant economic benefit for New York, generating more than $68.9 million combined for New York public schools and Lottery retailers.

The Mega Millions jackpot roll to the record prize resulted in 32 drawings until the winning ticket was drawn on August 8, 2023. In New York State, Mega Millions ticket sales totaled $168.07 million during the run. All of New York Lottery’s profits from sales are constitutionally
dedicated to New York’s K-12 public schools, totaling $58.82 million. Commissions on Mega Millions sales paid to retailers across the state totaled $10.08 million.

“For decades, New York’s schools and lottery retailers have seen real benefits from lottery sales,” said Gaming Commission Chair Brian O’Dwyer. “Even though Wednesday’s Mega Millionstop prize was won elsewhere, New York’s students and small businesses across the state
continue to be repeat winners. We will continue to promote responsible enjoyment of these fun and exciting games and look forward to the next jackpot.”

Multiple New Yorkers won prizes totaling $4.9 million in prizes of $10,000 or more during the Mega Millions roll up between April 21 and August 8:

• Four $1 million second prize winners
• 76 third prize winners of $10,000
• Six Megaplier third prize winners of $10,000 at various levels totaling $180,000

Last month’s $1.08 billion Powerball jackpot generated $46.9 million in aid to education in New York and $8 million in commissions for retailers.

The New York Lottery continues to be North America’s largest and most profitable Lottery, contributing $3.7 billion in Lottery Aid to Education for FY2022-2023 to help support education in New York State.

The New York Lottery is committed to providing players with a range of fun, entertaining games in a socially responsible manner. Those seeking help can visit NYProblemGamblingHelp.org or call New York State’s confidential HOPEline at 1-877-8-HOPENY (1-877-846-7369) or text HOPENY (467369). Standard text rates may apply.

SOURCE:

Tags: , , ,