New Jersey lottery benefits state
Like most state lotteries, the New Jersey lottery profits go toward funding state programs, including educational programs and other institutions. The New Jersey lottery web site says:
"The Lottery is so much more than jackpots and making millionaires. It's about helping to feed a nutritious meal to a young student, or providing scholarships to a high school student. It's about improving the quality of life for disabled veterans and developmentally disabled individuals. As one of the most cost-efficient lotteries in the United States, the New Jersey Lottery spends approximately one percent of its revenues to operate and promote its business."
A total of 57 percent of the money that the New Jersey Lottery brings in go to prizes, and 34 percent goes to state programs. In totally the New Jersey lottery has contributed more than $17 billion to the state. Last year alone, the New Jersey lottery contributed $882 million to the state.
New Jersey MegaMillions
If no one claims the MegaMillions prize, the jackpot will continue to grow until a winner is found. It's rare for the jackpot to reach amounts higher than $100 million, so this is a pretty big event for the New Jersey lottery. Even though the winnings are so big, New Jersey lottery tickets still are the same price, only $1 each. That's not a bad price to pay for a chance t win $207 million.
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