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The Texas Lottery Commission is running advertisements that claim, with your help, its put more than eight BILLION dollars towards your child's education. One viewer tells us he doesn't believe the ads are true. So we decided to put them to the truth test. The News 4 WOAI Trouble Shooters put the ads to the Truth Test.
Up until September of 1997, the money sent over by the Lottery Commission went straight into the general fund. Lawmakers decided how to use the money, and it wasn't guaranteed to go towards education.
Since that time, the money goes straight to a fund set up by the Texas Education Agency. That's about $1 Billion a year, and a total of more than $8 Billion in eight years. The TEA then determines how to use the money.
For an example of how they determine how much goes to the TEA, let's use a one-dollar ticket. Sixty cents of it goes to the prize payout. Stores selling the winning tickets and the cost of administering the lottery each costs five pennies. Two cents are earmarked for "unclaimed prizes," which means it goes to the state's general fund to be used as lawmakers determine. As for education, 28 cents are sent straight to that fund set up by the Texas Education Agency.
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