More than $12M for RI’s state government from Powerball ticketFebruary 13th, 2012 at 11:56 am by Ted Nesi under Nesi's Notes, On the Main Site
The Rhode Island Lottery says it will write a check for more than $12 million to the state Treasury for its share of the proceeds from the $336 million Powerball ticket sold here.
The Lottery will withhold 7% of the jackpot and the state will get 5.99% of that money, Gerald Aubin, the Lottery’s director, said Monday. That will happen once the winner comes forward, my colleague Nicole Estaphan reports.
To put that $12 million in perspective, the state’s annual budget is nearly $8 billion, about $3 billion of which is paid for with state money. The projected state deficit for 2012-13 is roughly $120 million before policy changes.
Lottery officials announced Monday the winning ticket was sold at a Stop & Shop on Bellevue Avenue in Newport. The governor’s office did not immediately respond to questions about the Powerball ticket’s fiscal impact.
• Related: Thank the Mafia when you buy a Powerball ticket in Rhode Island (Dec. 13, 2010)