HomePublicationsNewsletter ArchiveNewslettersVolume 22Issue 35Michigan Lottery Provides Record $888.9 Million for Public Education in 2016 (2)

On November 21, 2016, The Michigan Lottery (“Lottery”) announced a record contribution of $888.9 million to the state School Aid Fund for the 2016 fiscal year, marking a 12 percent increase from the previous record of $795.5 million set in 2015. Lottery contributions comprise about 7.5 percent of the fund.

According to the Michigan Lottery, the contributions to public education from 1972 until 2016, now amount to over $20.5 billion. For ten straight years, the Lottery has provided $700 million or more for public education in Michigan and, over those ten years, contributions total $7.6 billion.

As reported by the Lottery news release, 2016 has made the Michigan Lottery the fastest growing lottery in the nation. Growth is attributed to the Lottery’s increasing instant game portfolio, record player Powerball purchases from the $1.6 billion jackpot run in December and January, and strong performance from the Lottery’s online games launched in 2014. 

Other major records the Michigan Lottery set in 2016 include:

· $3.1 billion in player purchases, eclipsing the previous mark of $2.8 billion from 2015

· Instant game purchases hit $1.1 billion, after topping $1 billion for the first time in 2015

· Players won $1.9 billion in prizes, up from $1.7 billion in 2015

· $231.7 million in commissions to retailers, breaking the previous mark of $203.6 million set in 2015

For each dollar spent on a Michigan Lottery ticket in 2016, approximately:

· 29 cents went to the School Aid Fund

· 59 cents went to prizes for players

· 9 cents went to commissions for vendors and retailers, many of them family-owned businesses

· 3 cents supported the Lottery’s ongoing operations and administrative costs

 

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