Oklahoma Lottery generates more than $65 million
in new money for education in first 262 days
Ambitious inaugural revenue goal is achieved
OKLAHOMA CITY, OK – July 16, 2006 – The Oklahoma Lottery Commission (OLC) today announced that total ticket sales for the fiscal year ending June 30, 2006 were $207.29 million, with total transfers to the State Treasurer for deposit into the Oklahoma Education Lottery Trust Fund exceeding $65 million.
“The $65 million goal was a most ambitious one and I am proud to report today that we reached it,” said Jim Scroggins, executive director of the Oklahoma Lottery. “This means new money for a variety of educational programs in our state. In our first 262 days of sales, we effectively raised $248,091 every single day for education. That is something all of us are very proud of.”
“Credit for this goes to an incredibly talented and hardworking Lottery staff, the enthusiastic support of our commission members and our more than 2,000 retail partners, as well as the efforts of our key vendor-partners including Jordan Associates, our ad agency; Scientific Games, our scratcher ticket and online systems provider; and our drawing station partners, KOKH-Fox and KOCB-WB in Oklahoma City and KWBT-WB in Tulsa. We now look forward to building on this momentum in Fiscal 2007.”
Lawmakers established the Lottery’s inaugural fiscal-year appropriation goal months in advance of the start of sales. In one of the fastest start-ups in modern-day lottery history, the Oklahoma Lottery launched its Scratcher games October 12, 2005, followed by Pick 3 on November 10 and Powerball on January 12, 2006.
Below is a breakdown of how the funds will be utilized:
- 45% - Kindergarten through 12th Grade Public Education, including but not limited to compensation and benefits for public school teachers and support employees, and early childhood development programs.
- 45% - Tuition grants, loans and scholarships to citizens of this state to enable such citizens to attend colleges and universities located within this state, construction of educational, capital outlay programs and technology for all levels of education, endowed chairs for professors at institutions and programs & personnel of the Oklahoma School for the Deaf and the Oklahoma School for the Blind.
- 5% - Teachers' Retirement System Dedicated Revenue Revolving Fund.
- 5% - School Consolidation and Assistance Fund.
The modern-day lottery era officially began in 1964, with the New Hampshire Lottery conducting the first lottery drawing on September 12. Since then, 42 U.S. jurisdictions have authorized the sale of lottery tickets.
For more information please contact Lisa Fortier at 405.522.7751, or visit the Oklahoma Lottery’s official website at www.lottery.ok.gov.