Last year was the best year ever for the N.J. Lottery

It looks like the strong economy had added to the State of New Jersey's revenues in another way. Last year New Jersey Lottery ticket sales reached a record high $3.35 Billion in sales. Most of that money came from scratch off ticket purchases. Out of that $3.35 Billion almost $2 Billion was returned in prize money. The private management company that operates the lottery billed New Jersey $137 Million. Almost $1 Billion went into New Jersey's retirement pension fund. Which only left about $53 Million for the state treasury. When the lottery first started 50 years ago the money was supposed to go for education. Which in turn would keep property taxes in check. I guess that concept went out the window a while ago.

Source: NJ.COM

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