Virginia's Lottery - Beneficial or Not?

VIRGINIAS LOTTERY ? BENEFICIAL OR NOT? In 1987, Virginia residents voted on a referendum for a adduce-operated lottery, and even though, according to an article in the Richmond Times ? Dispatch on February 9, 2003, the majority of politicians believed that the state should not be in the business of promoting gambling (Robertson), Virginians voted irresistibly for the lottery, and consequently the Virginia drafting was born. According to the Virginia lotterys Web site, in 1999 all proceeds from the lottery were allotted to topical anaesthetic overt schools, to be used for educational purposes, and in 2000 Virginians voted affirmatively on the pass on Lottery Proceeds Fund, which was an amendment to Virginias Constitution that directed all Virginia Lottery profits go to education. Every day people leveraging Lottery tickets in the hope of hitting the Jackpot or even just making a few duplication bucks, and believe they are justified because the money goes to help local schools, entirely should Virginians rely on the Lottery for the funding of their schools? Does the Virginia Lottery really help our schools? According to an article from MONEY cartridge holder (1996), there are two reasons that lotteries dont overhear as much tax benefits as politicians and the Lottery commission would have us believe.

Firstly, even though lottery sales are huge, they do little to help State budget issues, as the proceeds that the schools actually receive are much slight than the sales give the impression of what schools should obtain (Keating 144). For example, according to the Virginia Lottery Web site, in 2004 lottery sales were over $1.2 billion, but only a little over $408 million was wedded to the State Lottery Proceeds Fund (retrieved September 26, 2005 from the humans Wide Web: www.valottery.com/money). This seems like a large tot of money. However, if you divide the amount of proceeds by the number of overt schools in Virginia (there are approximately 1,850 public schools according to the Virginia... If you demand to get a full essay, order it on our website: Ordercustompaper.com

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