4 Dec 2022

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Maine State Lottery Where the Profits Goes

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Academic level: High School

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Maine State Lottery was created in the year 1973 after voter’s approval. It was established to fund the Main State government and also as a form of entertainment. Currently, Maine State lottery offers a series of draw games which include Powerball, Megabucks, Mega Millions, Lotto America, Lucky for Life, Gimme5, Pick 3 and Pick 4, and World Poker Tour. The biggest power draw is Powerball with starting jackpot of $40 million and $1 million as the second prize. The lottery is run by Main State government. 

Where the Profits Goes 

Players; 

Since its establishment over 40 years ago, Main State lottery has paid up to $2.2 billion cash prizes to players. The prizes range from as low as $1 to $10 million. Main state lottery offers to the players access a variety of games to play and a range of prizes to prizes to win. For instance, the lottery offers exciting draw games featuring multi-million payouts. 

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Local economy; 

Main State lottery has over 1200 retail agents throughout the state; the sales of lottery tickets provide a consistent source of revenue for small and large business entities. For instance, in the year 2015, the lottery paid over $16.5 million to its retail agents in the form of commission and bonuses. Since its establishment, the state lottery has paid a total of over $335 million commissions on sales and bonuses to these retailers. 

Citizens of Maine State; 

Maine State Lottery has contributed over $ 1.24 billion to the Main State Government’s General Fund since its establishment. The money has been used by the state government to benefit all the citizens of Maine. This includes supporting local schools, health services, higher education and other additional development programs such as Outdoor Heritage Fund which received $18.85 million in 1996 and funding wildlife projects and conservations across Maine. 

According to Multi-State Lottery Association statistics, Maine State Lottery has the lowest number of millionaires. However, over 15 million people have won different cash prizes from the Maine State lottery. At least 20 players win every month. 

References  

Maine (ME) Lottery - Results and Winning Numbers. (2019). Retrieved 16 July 2019, from https://www.lotteryusa.com/maine/ 

Winning Lottery Numbers & Results. (2019). Retrieved 16 July 2019, from https://www.lotteryusa.com/ 

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StudyBounty. (2023, September 15). Maine State Lottery Where the Profits Goes .
https://studybounty.com/maine-state-lottery-where-the-profits-goes-essay

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