This text is part of the larger publication:
A Michigan School Money Primer
A Michigan School Money Primer
State Lottery
The Michigan Lottery was established on Aug. 1, 1972, with the implementation of Public Act 239. The lottery had been made legal on May 16, 1972, by a constitutional amendment.[lxxi] Except for the lottery money that is set aside for the compulsive gaming prevention fund (the lesser of 10 percent or $1 million),[144] the net earnings of state lottery games are deposited in the state school aid fund.[145] In fiscal 2006, about $688,017,340 was added to the school aid fund from lottery profits.[146]
[lxxi] For a complete history, see "Michigan Lottery Through the Years," Michigan Lottery,
http://www.michigan.gov/lottery/0,1607,7-110-29196-4130--,00.html.
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This text is part of the larger publication:
A Michigan School Money Primer
A Michigan School Money Primer
Publication: Study
SKU: S2007-04



























