News

June 18, 2010

Missouri Lottery Exceeds Goal, Generates $255 Million For Education

The Missouri Lottery’s final proceeds transfer today brings the total funds collected for Missouri’s public education during fiscal year 2010 to more than $255 million. 

“Our goal for this fiscal year was to raise $250 million for education, and we exceeded that goal by more than $5 million,” said May Scheve Reardon, executive director of the Missouri Lottery.  “Though proceeds came in slightly less than the past fiscal year, we still fared better than we originally projected in this tough economy.  This accomplishment is the direct result of hard work by our employees, vendors and our retailer network, along with support from the many dedicated Missouri Lottery players.  We couldn’t have done it without their help.”

Today’s transfer is based on Lottery ticket sales in May, and it brings the total proceeds generated by Lottery sales since the games began in January 1986 to more than $3.75 billion.

Reardon noted that in addition to the recession, the Lottery faced other challenges during the past fiscal year.

“For one, the Arkansas Scholarship Lottery started, and for the past eight months, sales have suffered in our southern border counties,” she said.  “Considering the combination of a bad economy and the impact of the Arkansas start-up, we feel very fortunate to have exceeded our goal.”

One highlight in fiscal year 2010 was a Missourian winning the largest jackpot ever sold in Missouri, when Chris Shaw of Marshall won a Powerball jackpot worth $258.5 million on April 21. 

“We love giving away big prizes, and we receive a great deal of publicity when someone in Missouri wins a Powerball jackpot,” Reardon noted.  “Sales increase tremendously with big jackpots.”

Proceeds from Missouri Lottery ticket sales in fiscal year 2010 were appropriated for a variety of public education programs including:  the Foundation Program, the A+ Schools Program, Special Education Excess Costs, Vocational Technical Schools, the Classroom Trust Fund and funding for several public higher education institutions.  For a complete list of programs funded in FY10, visit the Lottery’s Web site at molottery.com.

Each year, the proceeds are allocated by the governor and the state’s legislature during the annual appropriation process.  These funds represent approximately 4 percent of the annual funding required for Missouri’s public education system.

For each dollar spent on the Lottery, more than 96 cents goes back to the citizens of the state in one form or another.  Approximately 63.7 cents is returned to players as prizes, 26.3 cents goes to the state’s public education programs, 6.2 cents pays for retailers’ commissions, incentives and bonuses, and 3.8 cents is used for administrative costs.
 
HISTORY OF LOTTERY PROCEEDS
FY87 $80,000,100.00 chart
FY88 $80,047,009.25 (+.05)
FY89 $93,102,306.37      (+16.3)
FY90 $75,000,000.00 (-19.4)
FY91 $76,179,083.01 (+1.6)
FY92 $66,082,246.00 (-13.3)
FY93 $72,129,289.00    (+9.2)
FY94 $110,573,071.00* (+53.3)
FY95 $125,169,977.37* (+13.2)
FY96 $132,311,303.00* (+5.7)
FY97 $134,201,860.00*       (+1.4)
FY98 $147,134,560.00* (+9.6)
FY99 $150,578,471.00* (+2.3)
FY00 $155,819,955.00* (+3.5)
FY01 $156,918,454.00* (+.70)
FY02 $160,092,441.00* (+2)
FY03 $193,940,550.00* (+21.1)
FY04 $230,318,233.00*       (+18.8)
FY05 $218,285,010.00*       (-5.2)
FY06 $260,300,831.00* (+19.2)
FY07 $259,737,970.00* (-.2)
FY08 $265,051,179.00* (+2)
FY09 $259,006,283.00*       (-2.3)
FY10 $255,030,945.00*       (-1.5)
Total $3,757,011,128**  
 
Total transfers to General Revenue - $542,540,033.63
Total transfers to Public Education (FY94 – FY10) - $3,214,471,094.37
 
*  All proceeds sent to public education.  All other years’ proceeds went to the General Revenue Fund.
**  unaudited figures

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