Some time last year, a few coworkers and I had formed a group to pool a few dollars per person into one big lottery wager in a hope to win the ridiculous $160 million (approx) jackpot. We all knew we wouldn’t win but we tried anyway. One coworker tried to make us all feel better by telling us that the money would go to the schools. I was quick to point out that our ticket very clearly stated that our funds would benefit another source, namely the Maryland Stadium Authority.
I didn’t know at that time exactly how much money went to the stadium authority but I had an idea that it must be pretty large since most tickets mention it. A quick trip to this site http://www.mdlottery.com/benefits.html can show you that $20 million of the nearly $500 million in funds benefitting the state went to the stadium authority. If you are up for it, the annual report is a suprisingly “business-like” approach to the financials. I thought it was extremely interesting. http://www.mdlottery.com/resources/MDL_CAFR08.pdf
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1 Benefits MD Stadium Authority 168888 Lottery // Dec 18, 2009 at 4:15 AM
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