News

Actions

Entire state benefits if Arizonan wins Powerball

Entire state benefits if Arizonan wins Powerball
Posted at 7:41 PM, Jan 09, 2016
and last updated 2016-01-10 01:40:17-05

If someone in Arizona wins the $900 million Powerball jackpot, the state government gets a windfall too.

According to www.USAMega.com, Arizona takes nearly $28 million in taxes if a state resident wins, If a non-resident wins, the tax bill is even more: about $33 million. The lottery winner's tax would help Arizona's bottom line, after years of budget cuts.

In addition, a surge of lottery ticket sales in response to the mega jackpot up for grabs surges the Arizona's special lottery fund. Ticket sale revenue goes into the fund, which topped $176 million last year.

That money pays for things like college buildings, various educational programs, and the WIC nutrition program.  Some money from the fund also goes to help the homeless, the environment and economic development.

If you buy a ticket, you are helping the Arizona economy," Arizona Lottery Director Tony Bouie said. "Our new slogan is: You Play, We Give, Everyone Wins."

Bouie suggests Arizonans with winning lottery tickets this weekend should sign the back right away.