Where does ky lottery money go?

Where does the money from the KY lottery go?

Hey Kentucky Students, We Want to Help You Achieve Your Dreams! The Kentucky Lottery has contributed over $4 Billion to Kentucky Education! Lottery proceeds annually fund student financial aid awards, including the merit-based Kentucky Educational Excellence Scholarship (KEES).

How much does Kentucky make off the lottery?

Download Fiscal Year 2020 Annual Report

FY20 marks the 22nd year out of the past 27 that the Kentucky Lottery has achieved record sales. The Lottery’s cash transfers to the Commonwealth in FY20 were $278.5 million, an increase of $5.8 million (and another record).

Who owns the KY lottery?

The Kentucky Lottery, began in April 1989 after a November 1988 vote in which over 60% of voters cast ballots in favor of it.

Kentucky Lottery.

Formation April 4, 1989
Headquarters Louisville, Kentucky, U.S.
President & CEO Mary Harville
Website www.kylottery.com

How much does Kentucky Lottery make a year?

Their total sales for fiscal year 2021 totaled $1.6 billion and the proceeds to the Commonwealth total $355 million. That’s $76 million more than last year. “More funds than ever before are available for college scholarships and grants funded by the Kentucky Lottery,” Harville said.

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How much does the lottery make in 2020?

All told, the Lottery produced $979 million in profit from $5.252 billion in revenue during fiscal 2020, compared to $1.104 billion in net profit from $5.509 billion in revenue during fiscal 2019.

Can Ky lottery winners remain anonymous?

If you know of, or suspect, any impropriety involving anyone associated with the Kentucky Lottery Corporation, please contact us at (502)560-1813 or at klcfraudwatch@kylottery.com. You may remain anonymous.

How is KEES money funded?

State financial aid programs funded by the Kentucky Lottery

KHEAA gratefully acknowledges the Kentucky Lottery for its support and major commitment to Kentucky students. … The KEES program is a merit–based scholarship given to Kentucky students based on their high school GPAs and ACT/SAT scores. Find out more about KEES.

Has anyone from Kentucky ever won the Powerball?

A Kentucky man, who wishes to remain anonymous, has come forward with the winning $2 million Powerball ticket from Saturday night’s drawing. Kentucky Lottery officials said that on the morning after the drawing, the winner got a text from someone telling him to check his Powerball ticket.