OKLAHOMA CITY (Jun. 18, 2014) - The Oklahoma Lottery announced today that it has met its revenue estimate for the State of Oklahoma and Oklahoma education. The Lottery expects to transfer $11 million more than what was appropriated to Oklahoma education from fiscal year 2014 proceeds for a total of $67 million this year.
“Lottery contributions to education have continued to exceed expectations over the last five years,” said Rollo Redburn, Executive Director. “We continuously strive to provide new and enjoyable games for our players and they, in turn, continue to help us raise money for Oklahoma education.”
Since its launch in 2005, the Lottery will contribute more than $625 million to Oklahoma education by the end of the current fiscal year.
“The Lottery has now raised more than $600 million for Oklahoma education,” said Redburn. “This inspires us in our ongoing efforts to provide additional funds to Oklahoma education programs. At the end of the day, the education of Oklahoma kids is the real reason we’re here.”
Net proceeds of all Lottery games are used to support improvements and enhancements for Oklahoma education. More than $600 million has been contributed to education since November 2005 with funds appropriated by the State Legislature to pay debt service on a higher education capital bond issue; to pay support salaries for public schools and for equipment, scholarships and other purposes at our career and technology education institutions.