Missouri Lottery Proceeds Highest Ever
Missouri Lottery proceeds to public education during the past fiscal year were the highest ever, surpassing the previous fiscal year by 7.9 percent. With yesterday’s final transfer of $17.3 million, Lottery proceeds in FY12 reached $280,042,095, which is $20.6 million more than last year.
“Any increase in the current economy is good, but a nearly 8 percent increase is incredible,” said May Scheve Reardon, executive director of the Missouri Lottery.
Reardon attributed the record sales to being able to advertise more, having partnerships and affiliations with sports teams, more efficient operations, better signage and equipment and a greater presence.
“It makes a huge difference to be able to advertise our products and be visible more places,” she said. “Not only do traditional ads help, but we also have gained so much more presence through signage at sports stadiums and arenas, community events, malls, and by installing more eye-catching vending machines.”
Reardon said the Lottery has also made many changes to how it operates, including increasing the number of Scratchers visible at retail and incentivizing retailers for selling new tickets faster.
Other factors that contributed to record proceeds include increased Scratchers sales, Powerball changes implemented in January 2012, a world record $656 million Mega Millions jackpot in March, and expanding the retailer base.
“We had a great year, and I am pleased we were able to generate this much money for such an honorable cause as public education,” Reardon said. “I can’t thank everyone enough for their support.
“This next year is going to be a challenge, but I am confident we will find new ways to increase funding for public education,” Reardon added.
One hundred percent of the proceeds from Missouri Lottery ticket sales go to public education. In fiscal year 2012, these proceeds were appropriated for a variety of programs including: the Foundation Program, the A+ Scholarships Program, Special Education Excess Costs, the Classroom Trust Fund and funding for several public higher education institutions. For a complete list of programs, including information about Lottery dollars directed to your county, visit the Lottery’s website 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 4.25 percent of the annual funding required for Missouri’s public education system.
For each dollar spent on the Lottery, more than 95 cents goes back to the citizens of the state in one form or another. Approximately 62.9 cents is returned to players as prizes, 26.4 cents goes to the state’s public education programs, 6.2 cents pays for retailers’ commissions, incentives and bonuses, and 4.5 cents is used for administrative costs.
LOTTERY PROCEEDS HISTORY
Amount Percent Change
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 $255,030,946.00 -1.5
FY11 $259,424,365.00 +1.7
FY12 $280,042,095.00* +7.9
Total transfers to General Revenue - $542,540,033.63
Total transfers to Public Education (FY94 – FY12) - $3,753,937,554.37*
* unaudited figures