More than $12M for RI’s state government from Powerball ticket
February 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)
Tags: lottery, powerball, state government
Nesi's Notes covers politics and the economy in and around Rhode Island for WPRI.com. (Twitter: 
[...] #3: Lottery Director Gerald Aubin says Rhode Island’s state government will get more than $12 million as its share of the winning ticket [...]
RI government is getting $12 million more than the state deserves. Too bad lottery winnings are not exempt from state tax.
Can we at least get the roads paved with that sum?
Jason, you know with the amount of money a mile of road maybe paved. After all the studies,the legal consultations and the like. You know all the names who would get this money. they are the names of well connected elected officals.
Ain’t that the sad truth!
What will RI do with the lottery proceeds? This is straight from the RI
Lottery web site:
Who decides how proceeds are used?
The Lottery, itself, has no authority over where proceeds are directed. Each year the Rhode Island Legislature appropriates money from the State’s General Fund among the state’s 39 cities and towns. The revenues from Lottery offer tax relief to residents while making it possible to implement and enhance programs in education, public safety, law enforcement, and human services for elderly and others in need.
Lets see if this is how our state will use the unexpected money!
@ Glen I don’t really think that the state of Rhode Island will use the money as you have mentioned here. Most of the money goes to pay the salary and bonuses for the Top executives of the State. And I can bet on that . $100 Bet! What do you say?
how much does Stop & Shop get for selling the winning ticket?