Where do Lottery Proceeds go? Thought it went to education.

I get asked this question fairly often.  Here's the deal.  The Vermont State Lottery generates approximately $122 million in gross revenues from the sale of lottery tickets.  The net proceeds ARE contributed to the state education fund and have been since 1999.  Last year the lottery contributed $25 million to the education fund, which is slightly higher than previous years.  This is a very small part of the $1.7 billion education fund, but is still very important.  To take a look at the details of the Vermont State Lottery, take a look at the 2017 Annual Report.