California Lottery Seeing Resurgence As More Money Going Into Prize Pool
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LOS ANGELES (AP) – More people are playing California’s lottery after years of decline because more money is being pumped back into the prize pool and that has increased the jackpots.
The Los Angeles Times reports Monday that changes made to the system in 2010 altered the formula for how much revenue schools would receive. The lottery was approved by voters in 1984 to supplement school funding and had more than $4 billion in ticket sales last year.
The changes gave the lottery flexibility in determining its education contribution. By doing so, officials say, the lottery has larger payouts that fueled the recent resurgence.
A San Jose man recently split a $648 Mega Millions jackpot, the second-largest lottery prize in U.S. history.