Jun 15, 2016, 8:42 am
With three more months still remaining in the fiscal year, the Texas Lottery has already generated $1,019,639,473 in revenue for the state of Texas. This is the 13th consecutive year the Texas Lottery has contributed more than $1 billion in revenue to the state in the lottery's 24-year history.
"This is by far the earliest in the fiscal year that the Texas Lottery has passed the $1 billion revenue mark," said Gary Grief, executive director of the Texas Lottery. "With phenomenal scratch ticket sales and January's record-breaking Powerball jackpot, we anticipate that we will easily break last year's fiscal year-end record of $1.242 billion to Texas."
In fiscal year 2015, with $4.529 billion in gross sales, the Texas Lottery broke the sales record it set in the previous year, resulting in the single largest annual transfer of revenue to the state including record contributions to the Foundation School Fund and the Fund for Veterans' Assistance.
The Foundation School Fund, administered by the Texas Education Agency, funds the operational needs and special program services for Texas school districts including teacher salaries, utilities, equipment, bilingual education, special education, gifted and talented education, and career and technical education. To date, Texas Lottery sales have resulted in more than $19 billion for Texas public schools.
The Texas Veterans Commission Fund for Veterans' Assistance makes grants available to eligible charitable organizations, local government agencies, and Veterans Service Organizations that provide direct services to Texas veterans and their families. With 1.7 million veterans spread across the state, these programs provide financial assistance, transportation services, Post-Traumatic Stress Disorder counseling and housing assistance. Since the first veterans' themed scratch ticket game was launched in 2009, the Texas Lottery has contributed more than $60
million for programs supporting Texas veterans.
"Our tremendous sales and revenue this fiscal year would not be possible without the talent and dedication of our lottery staff, vendors and retailers," said Grief. "We are committed to our mission to generate revenue for Texas and we will continue to provide players with the best entertainment experience available through innovative games."
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