Today, Governor Gretchen Whitmer announced the Michigan Lottery contributed more than $1.3 billion to the fund in 2023, marking the fifth consecutive year the agency’s contribution has topped $1 billion.
“The Michigan Lottery’s fifth-straight contribution of more than $1 billion to our state’s School Aid Fund will improve education outcomes and support students,” said Governor Whitmer. “In addition to investing in our schools, each Lottery ticket purchase also supports local businesses, building on our economic momentum. With about 97 cents of each dollar spent on the Lottery returned to Michiganders in the form of contributions to the School Aid Fund, prizes, and commissions to local vendors and retailers, the Lottery makes a real difference for communities across Michigan. Congratulations to the Lottery team on another successful year.”
Since 1972, the Lottery has contributed more than $28 billion to the School Aid Fund, which supports public education programs throughout Michigan. In each of the last five fiscal years, the Lottery has contributed more than $1 billion to the School Aid Fund, totaling more than $6.2 billion in contributions over that five-year span.
Lottery retailers in Michigan were paid more than $350 million in commissions in FY23. Since FY19, when the Lottery’s streak of billion-dollar contributions to the School Aid Fund began, retailers have earned nearly $1.7 billion in commissions. Lottery products are sold at more than 10,000 locations across Michigan, including both independently owned businesses and large chains. In 2023, nearly 600 retailers sold $1 million or more in Lottery games.
For the third consecutive year, Lottery players in Michigan collected more than $3 billion in prizes. Since the Lottery began in 1972, players have collected more than $50 billion in prizes.
“The Lottery’s contribution of $1.3 billion to the School Aid Fund provides a critical source of financial support for public schools throughout Michigan,” said acting Lottery Commissioner, Jessica Weare. “Continuing the incredible streak of billion-dollar contributions to the School Aid Fund is a testament to the hard work and ingenuity of the entire Lottery team, the dedication of our retailers and vendors, and the support of Lottery players.”
The Lottery is also committed to promoting responsible gaming. Michigan was the first state lottery to receive certification of its online program through the National Council on Problem Gambling and has also attained Responsible Gaming Verification through the North American Association of State and Provincial Lotteries. Responsible gaming information and resources are available on the Lottery’s website at: www.michiganlottery.com/responsible-gaming.
For each dollar spent on a Michigan Lottery ticket in FY23, approximately:
• 61 cents went to players as prizes
• 27 cents went to the School Aid Fund to support public education
• 9 cents went to commissions for retailers and vendors
• 3 cents funded the Lottery’s operations and administrative costs
Under state law, all profits from the Lottery go to the School Aid Fund. Audited financial results and the Lottery’s Annual Comprehensive Financial Report are expected to be available early next year.
Like this:
Like Loading...
An Indiana woman thought something was wrong with MichiganLottery.com when she won $100,000 playing the Michigan Lottery’s Big Crush Multiplier instant game online.
You must be logged in to post a comment.