LOTTERY CELEBRATES 15TH ANNIVERSARY
Fifteen years and more than $4.7 billion in sales later, the Missouri Lottery is still going strong. Since the games began on Jan. 20, 1986, the Lottery has provided the state, including public education, with more than $1.5 billion in revenues.
"The Lottery was created and exists for the purpose of raising revenues for the state, specifically education," said Jim Scroggins, executive director of the Missouri Lottery. "In the past 15 years, nearly a half a billion in proceeds was raised for the General Revenue Fund and more than one billion in proceeds has gone to elementary, secondary and higher education programs."
Scroggins noted that the Missouri Lottery has gone through many changes during those 15 years, including increasing the number and types of games offered, increasing prize payouts and changes in the way the Lottery does business.
"One of the better changes is that the Lottery is no longer restricted in terms of the prize percentage it can give back to players," Scroggins noted. "The maximum when the Lottery began was 45 percent, and now we return an average of 59.5 percent of sales."
Other changes include: players can now redeem low-tier and mid-tier prizes at any Missouri Lottery retailer; jackpot winners can choose to take their winnings in one lump-sum payment or spread over 25 years; and players have many more ways to find out if they have a winning ticket, thanks to the Internet and the Lottery’s Check-A-Ticket machines.
"The Lottery has also added more promotions, more excitement and more ways to win," Scroggins said. "For example, starting last week, the top prize in the Lottery’s
"Fun & Fortune" game show was raised from $100,000 to $250,000. How many Hollywood game shows can offer prizes like that - while at the same time raising revenues for public education?"
"We believe the next 15 years will be even more successful than the first 15," he noted.
KEY ACHIEVEMENTS/MILESTONES - 15TH ANNIVERSARY
--More than $4.7 billion in sales;
--More than $1.5 billion to the state, including education;
--More than $2.5 billion in prizes to players;
--More than $300 million to retailers in commissions and incentives;
--161 jackpot tickets sold worth $1 million or more.
THEN - 1986 /NOW - 2001
Then: Only one instant game (at any one time) and one Numbers Game (Missouri Lotto)
Now:Five Numbers Games, approximately 45 Scratchers ticket per year (several sold simultaneously) and approximately 20 Pull-Tab games per year (several sold simultaneously)
Then: Had to redeem Scratchers at the location where purchased.
Now:Can redeem Scratchers at any Missouri Lottery retailer. Scratchers games cost $1. Scratchers games cost $1, $2, $3 and $5.
Then: All proceeds go to the General Revenue Fund. Fiscal year 1987 transfer was more than $80 million.
Now: All proceeds go to public education. Fiscal year 2000 transfer was more than $155 million.
Then: Prizes restricted to 45 percent of sales.
Now:No restrictions; prize payouts average 59.5 percent of sales.