Michigan Lottery Sales Hit Record High in 2013, Generating $734.3 Million in Revenue for State’s Schools

Michigan LotteryMichigan Lottery sales hit a record $2.476 billion in the 2013 fiscal year – the ninth straight year of $2 billion-plus sales – and generated $734.3 million in revenue for the state’s schools.

The 2013 contribution pushed the Michigan Lottery’s support to the state School Aid Fund since 1972 to more than $18 billion.  About $3.7 billion of those contributions, more than 20 percent, have come in the past five years.

The record sales for 2013 also created a record commission total for the Michigan Lottery’s approximately 11,000 retailer partners:  $178.4 million.  That was up 3.6 percent from $172.2 million in commissions in 2012. The previous total commission record for retailers was $174.2 million, set in 2009.

The $734.3 million contribution to the School Aid Fund equals about 30 cents from every dollar in ticket sales. The 2013 contribution was down 5.7 percent from the 2012 record contribution of $778.4 million.  The decline reflected an increase in player prizes for most Lottery games, primarily instant games, the Daily 3 and Daily 4 games, and the Powerball game.

Michigan Lottery players were awarded $1.49 billion in prizes in 2013, or about 60 cents from every dollar in Lottery game sales.

The record sales in 2013 were fueled primarily by growth in sales for instant games and the Powerball game.

“The Michigan Lottery’s mission is to provide funds for the state’s schools and we’re pleased to make another significant contribution to support public education.  Since it was created in 1972, the Michigan Lottery has established a strong record of providing benefits to education, retailers, and to its players,” said Tom Weber, the Lottery’s chief deputy commissioner.

“The Michigan Lottery consistently ranks as one of the Top 10 lotteries in the nation because it is continually changing and evolving to be competitive in the entertainment marketplace.  We’re excited about setting a sales record for the second year in a row.  That shows we’re being successful in our ongoing efforts to provide players with attractive and affordable entertainment options.”

Ticket prices for the Lottery’s games range from 50 cents to $20. The available prizes range from $1 to the multimillion jackpots for the Mega Millions and Powerball games.

About 97 cents of every dollar spent on Lottery games is returned to the state in the form of contributions to the state School Aid Fund, prizes to players, and commissions to retailers. Since it was founded in 1972, the Lottery has contributed more than $18 billion to education in Michigan.

This entry was posted in Michigan Lottery and tagged , , , , . Bookmark the permalink.