HomePublicationsNewsletter ArchiveNewslettersVolume 18Issue 32Michigan Lottery Reports Record Sales and School Aid Contributions

On Friday, October 5, 2012, the Michigan Lottery announced that it generated approximately $2.41 billion in record sales for the close of FY 2012.  The previous record of $2.37 billion was set in FY 2009.  Of all of the lottery’s offerings, instant games and Club Keno experienced the most in sales growth.

Of the $2.41 billion generated, about 32 percent goes to the School Aid Fund.  In total, approximately $770 million in profit was deposited directly into the fund, which supports K-12 education.

“Players, retailers and of course, public education in Michigan have all benefited from the great year we’ve had,” said Lottery Commissioner M. Scott Bowen. “It is a win-win for all parties involved.”

According to the Michigan Lottery, it paid approximately $1.37 billion in prizes in FY 2012. 

 

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