The California Lottery provides $1.39 billion for education this year, officials said.

LOS ANGELES — The California state controller's office announced Dec. 3 that payments from the Lottery Education Fund to school districts totaled $1.39 billion for fiscal year 2014-15, up slightly from the previous year.

The money helps fund K-12 school districts, community colleges, and four-year public universities.

The payments derived from lottery income and unclaimed prizes totaled $1.35 billion in fiscal 2013-14, according to State Controller Betty T. Yee's office.

The biggest beneficiary is K-12 schools, which will receive $1.1 billion followed by community colleges at $196 million.

The controller transmits the money each quarter to county treasurers, who apportion it to school districts. Payments to the University of California schools and Hastings College of Law come directly from the controller's office.

Los Angeles and San Diego counties will receive the largest takes from the fund at $343 million and $106 million, respectively.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.