Lottery winners experienced mixed results in terms of test scores, college enrollment, and degree completion depending on their gender and race. White, female lottery winners had higher test scores than white females who lost the lottery. However, black, Hispanic, and multiracial male and female students and white male students did not experience gains in educational outcomes.

Test scores: On average, lottery winners did not have higher test scores compared to lottery losers. However, white girls who won the lottery had test scores about 15 percentage points higher than lottery losers. Findings suggest that test scores among lottery winners in other groups including white boys, and black, Hispanic, and multiracial boys and girls may have been unaffected.

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