California Lottery owes millions to public schools, audit finds

where does lottery money come from
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The lottery funds itself: people who buy tickets add money to the prize pool It adds up over time

In Fiscal Year 2023, lottery retailers earned a 6% sales commission on each lottery ticket they sold Major vendors that operate our gaming system and print

where to redeem lottery tickets Lottery winners can claim their winnings in one lump sum payment or annual payments over time Lottery winnings are treated as regular income

where''s the gold slot machine free Opting for an annuity has some tax advantages, as less of the winnings would be taxed at the top federal income tax rate of 37% It also could