Nebraska Lottery Transfers Largest Amount Ever to Beneficiary Funds in FY2022
The Nebraska Lottery transferred a total of $49.4 million in lottery proceeds to its beneficiary funds between July 1, 2021, and June 30, 2022. This is the largest amount transferred during a fiscal year since the Lottery began in 1993.
“Whether it’s a Scratch game or Mega Millions or Powerball, when you buy a lottery ticket, you’re generating funds for good causes in our state,” said Nebraska Lottery Director Brian Rockey. “I’m grateful for the support of our players, retailers, and partners in reaching this new milestone. Together, we are helping to build a better Nebraska.”
Proceeds derived from a share of Scratch and Lotto ticket sales are distributed to the beneficiary funds every three months. In September 2021, $12,003,796 in proceeds was transferred; $12,058,351 was transferred in December 2021; $13,113,767 was transferred in March 2022; and the final transfer for the fiscal year was $12,254,024 made in June 2022.
A total of $880,499,889 has been distributed since the Nebraska Lottery began operation on September 11, 1993.
Amendment 4 passed by Nebraska voters in November of 2004 established the following distribution formula: Education as directed by the Legislature (44.5 percent) - currently distributed to the Nebraska Education Improvement Fund; Nebraska Environmental Trust Fund (44.5 percent); Nebraska State Fair (10 percent); and the Compulsive Gamblers Assistance Fund (1 percent, plus the first $500,000 in fund proceeds each fiscal year).
To learn more about projects funded with Nebraska Lottery proceeds, visit https://nelottery.com/halfbillion/
Published on 08/08/2022