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Where all of that lottery money goes

November 28, 2012: 11:45 AM ET

The jackpot for Wednesday's Powerball drawing is up to a record $550 million. But that's nothing compared to what we spend in pursuit of the winning ticket – a total of $65.5 billion in the last year alone. Here's the breakdown of how the money from lottery ticket sales gets spent.

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  • Online lottery comes to Illinois

    Illinois is giving new meaning to letting computers pick your lottery numbers.

    Starting Sunday, Illinois residents will be allowed to buy Mega Millions and Lotto tickets online as part of a three- to four-year pilot program approved by the state legislature. The Prairie State will become the first to allow online lottery sales.

    Buying lotto tickets online was thought to run afoul of the 1961 Wire Act, which prohibited gambling over wires. MORE

    - Mar 23, 2012 4:07 PM ET
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