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A man holds a bundle of Mega Millions lottery tickets that he just purchased, San Francisco, 2007.
Although the odds are 1 in 175 million to win tonight's Mega Millions jackpot which currently looms at $640 million dollars, there is one sure bet: California schools will be receiving about $100 million if someone wins today.
According to the LA Times, the Golden State has sold over 283 million tickets for the world-record setting jackpot that has been rolling over since January. Elias Dominguez, the California Lottery spokesman told the Times that about 30% of each dollar goes to schools.
Indeed, since 1985 lotteries have brought in over $24 billion to California K-12 schools, community colleges, Cal States, UC's, other public colleges and universities, and other educational institutions. Nearly $272 million was sent from the lottery to schools (the vast majority was allotted to K-12 schools) in the 4th quarter of 2011.