- Powerball
- Mega Millions
- Pick 3
- Pick 4
- Cash Ball
- Decades of Dollars
- 3 Line Lotto
- 5 Card Cash
- Watch the Drawings
- Lucky Number Cruncher
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$212.3 MILLION RETURNED TO THE COMMONWEALTH |
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LOTTERY PROCEEDS IN KENTUCKY HAVE NOW PROVIDED MORE THAN $1,730,000,000 IN COLLEGE SCHOLARSHIPS AND GRANTS
Through an increasingly difficult marketplace, the KLC again achieved solid dividend results in FY11.
Our sales ended the year at $772.3 million (including $53 million in free tickets provided as prizes). While our online games saw a decline of $8.4 million (or a 2.8% drop) to $292.9 million, our instant tickets rebounded to post an $8.2 million (or 1.7%) gain to $479.4 million. Our dividends to the General Fund however rose 2% to $204.8 million (versus $200.7 million in FY10). Unclaimed prizes, which are directed by law to the KEES scholarship reserve fund, dropped to $7.5 million in FY11 versus $13.6 million in FY10.
As a direct result of Kentucky lottery tickets purchased in our state in FY11, 118,686 grants and scholarships worth $186,202,434 were awarded to some of our state’s best and brightest students. The highly successful merit-based KEES (Kentucky Educational Excellence Scholarship) program and a pair of need-based programs have provided more than 1.3 million grants and scholarships worth $1.73 billion since the lottery began funding these programs on a graduated basis in 1999.
These scholarship and grant programs encourage Kentucky students to stay right here in the Bluegrass State to attend college. The hope is they will then make Kentucky their permanent home. A better educated workforce helps grow the level of economic prosperity for our entire state so that everyone wins in the long run.
While some of the sales challenges we faced in FY11 continue to loom in FY12, we remain encouraged by several items on the horizon. Our scratch-off product appears to be rebounding after some softening early in the last fiscal year, and we hope the conversion of Powerball to a $2 game in January 2012 will grow jackpots to the levels our players enjoy. The new equipment available to us as a result of our extraordinary gaming system conversion process should help drive new sales as well.
The Commonwealth has set record-breaking expectations for the KLC in FY12, and we will work to meet this challenge as college students across our state are depending on us. |