Where does Mega Millions money go after the jackpot?
March 30, 2012
March 30, 2012
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(CBS News) With so many tickets being sold for the big Mega Millions jackpot Friday night, what happens to all that revenue, once the winners are paid? CBS News chief investigative correspondent Armen Keteyian looked into it.
In 2011, more Americans played the lottery than regularly attended church, bringing in $56 billion last year alone.
Revenue from that pie is divided in three ways: About 60 percent goes to prize winners; 15 percent to retailers, marketing and operations; and 25 percent, or about $14 billion, goes back to the states for government services.
Winning Mega Millions numbers announced
Duke professor
In 2011, more Americans played the lottery than regularly attended church, bringing in $56 billion last year alone.
Revenue from that pie is divided in three ways: About 60 percent goes to prize winners; 15 percent to retailers, marketing and operations; and 25 percent, or about $14 billion, goes back to the states for government services.
Winning Mega Millions numbers announced
Duke professor
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