After years of decline, the California Lottery is booming. The jackpots are bigger, and that’s drawing more players and excitement.
Just a few weeks ago, a Mega Millions ticket sold in San Jose matched all six numbers. The state-record prize of $324 million — worth about $174 million in a single payment — was claimed by a Northern California man Friday.
The turnaround is due to changes made to the lottery in 2010, when revenues were on the decline. The changes brought bigger prizes, but they also altered the formula for how much revenue schools receive.
And the long-term effect of those changes is far from clear.
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