This week across the country, lotteries are pausing to say, “Thank you!” to our players, the businesses that sell our tickets, and really, anyone who’s ever taken an interest in the lottery, whether it be to ask us a question or just to think for a moment about what it would be like to win.
We know that the lottery is not just a ticket. It’s a daydream, something fun to pass the time, the source of meaningful help to vital causes, additional income to local businesses, and prizes to players.
Ever since the first scratch game that hit the market when the Iowa Lottery debuted back in August 1985, we’ve done our best to demonstrate that lottery products can be responsibly offered in a way that is consistent with our values as Iowans. It’s that “Iowa” stamp on everything we do that has brought lottery entertainment – and lottery winnings – to all areas of the state.
To date, the Iowa Lottery has raised more than $1.9 billion for the state programs that benefit us all. We anticipate that sometime within the next year, a lottery player somewhere in Iowa will buy the ticket that will put our proceeds over the $2 billion mark. That’s significant help for good causes that wouldn’t otherwise have been available here in our state, and we’re proud to be making that difference.
And we can’t forget prizes! They’re obviously one of the motivating reasons for people to play the lottery. Since 1985, our players have won more than $4.3 billion in prizes from the Iowa Lottery. It’s been so fun for us to be a part of those winning experiences. From prizes of just a couple bucks all the way up to jackpots of hundreds of millions of dollars, they all matter!
We’re often asked how lottery proceeds are used in Iowa today. The quick answer is that they have four main purposes: Proceeds from the Iowa Lottery provide support for our state's veterans and their families through the Iowa Veterans Trust Fund; support through the Iowa Public Safety Survivor Benefits Fund for the surviving family members of Iowa peace officers and fire fighters who die in the line of duty; help for a variety of significant projects through the state General Fund; and backing for the Vision Iowa program, which was implemented to create tourism destinations and community attractions in the state and build and repair schools.
We also tip our hats to the retail partners that sell lottery tickets each and every day in Iowa. Our tickets are sold in about 2,400 locations statewide, and those local businesses receive a sales commission from the Iowa Lottery for each ticket they sell. In fiscal year 2018, lottery sales commissions totaled $24.2 million, and we’re proud to be making that difference in the bottom line for businesses across the state.
Nationwide, in fiscal year 2018, U.S. lotteries generated $23.4 billion for good causes and provided $4.8 billion in sales commissions to local businesses.
So, from all of us at the Iowa Lottery, thank you! We look forward to more lottery fun in Iowa – an active demonstration of the good that flows to the public from our state’s lottery.
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