Where the Money Went FY'09
Since it started in 1989, the Kentucky Lottery has earned over $3 billion for Kentucky's state treasury.
Since Fiscal Year 1999, the Kentucky Lottery has provided nearly $1.35 billion dollars to the Kentucky Educational Excellence Scholarship (KEES) Program, the College Access Program and the Kentucky Tuition Grants Program. Combined, this money has been used to make 1,062,000 financial awards to help Kentucky's best and brightest students remain in Kentucky for their post-secondary education. To learn more about these merit-based and need-based scholarship programs, call the Kentucky Higher Education Assistance Authority toll free at 1-800-928-8926 or visit their web site at www.kheaa.com.
Where the Money Went FY'09
In addition to the nearly $1.35 billion for college grants and scholarships noted above, $30 million has gone to Kentucky's Early Childhood Reading Incentive Fund, 'Read to Achieve' and Kentucky's Collaborative Center for Literacy Development since 1999. $21 million supported the Kentucky Housing Corporation's Affordable Housing Trust Fund from 1999 - 2003, helping to build over 2,770 units of housing for some of the state's neediest citizens.
In addition, $32 million of Lottery money was set aside by the legislature in the early 1990's as a one-time bonus for Kentucky Vietnam veterans. $214 million was earmarked for elementary and secondary education in 1993 and 1994, and, over the years, more than $1.4 billion has gone to the General Fund, as designated by members of the General Assembly. The General Fund pays for a wide variety of programs and projects that benefit all Kentuckians.
