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LEADERSHIP AGENDA

Operational Scan

ECONOMIC INDICATORS

DEPARTMENT PERFORMANCE

DEPARTMENT PERFORMANCE

Lottery

Terry Rich, Chief Executive Officer

Mission Statement:
The Iowa Lottery is a nonprofit authority that operates the state's lottery in an entrepreneurial and business-like manner, accountable to a public Board of Directors, the Governor, the General Assembly, and the People of the State while providing entertainment to the public and maximizing revenues for the state.

Lottery proceeds
Instant ticket sales
Online game sales
Pull-tab sales

MORE DEPARTMENT PERFORMANCE

  • Download PDF document Performance Plan - How we measure our progress

  • Download PDF document Strategic Plan - How we plan for progress

  • Download PDF document Performance Report - How we report our progress

  • Department Home Page - Learn more about this department

Highlighted Measure:

Total annual proceeds

Data Source: Iowa Lottery Authority accounting records

 

Updated 07/25/2017

GRAPH - Revenues to General Fund

Why this is important:
Each year, the Iowa Lottery raises tens of millions of dollars that enrich life in our state. Lottery proceeds have three main purposes in Iowa. They provide support for veterans; help for a variety of significant projects through the state general fund; and backing for the Vision Iowa program.

Since 1992, a majority of lottery profits have been directed into the state general fund, where they are used to pay for programs that benefit all Iowans. Some of the programs that receive money from the general fund include education, natural resources, health and family services and public safety. The Governor and Iowa Legislature allocate money from the general fund based on where they believe those funds are needed most.

Through fiscal year 2009, a portion of Iowa Lottery proceeds were dedicated to the Iowa Gambling Treatment Program. This program informs Iowans about the risks of gambling and provides help to those for whom gambling is a problem. The program now receives its funding from the state general fund.

Beginning in July 2008, a portion of lottery proceeds has been dedicated to the Iowa Veteran's Trust Fund, where they are used to support our state's veterans and their families. The proceeds from two instant-scratch games and two pull-tab games each year are directed into the Iowa Veteran's Trust Fund. The Iowa Lottery estimates that the games will provide about $2 million to $3 million in proceeds annually for the Trust Fund. The Iowa Veteran's Trust Fund provides assistance to qualified veterans to help pay for expenses such as job training or college tuition assistance; some dental, vision and hearing assistance; and individual or family counseling programs.

In addition to the commitment to the general fund, lottery profits are linked to the Vision Iowa program, which was implemented in 2000 to create tourism destinations in the state, assist with community attractions, and build and repair schools. Direct funding for Vision Iowa comes from gaming revenues. However, as the program was being initiated, investors indicated there was a need to strengthen the Vision Iowa bonds by dedicating $20 million annually in lottery revenues as a backup. Legislation was approved that dedicates $15 million in lottery revenues to programs for community attractions in Iowa and another $5 million to Vision Iowa programs to build and repair schools if gambling revenues don't reach that amount. Lottery funding will continue to be linked to Vision Iowa over the 20-year payback period of the program's bonds.

Proceeds transferred to the general fund and the Iowa Veteran's Trust Fund are the best overall indicator of how the Lottery is performing and represent the financial support the Lottery gives to state agencies.

What we're doing about this:
Internal integrity and security is paramount to the Lottery. Background checks are conducted on all potential employees and suppliers of major procurements before they can become members of the Lottery team or do business with the Lottery. Strict licensing requirements, including background checks, ensure that only reputable retailers sell Lottery products. The Lottery's security division conducts retailer reviews and reports its finding to the Lottery's Board. The on-line gaming system integrity is tested daily by an internal control system. All drawings are monitored and verified by an independent auditor. All sales reps are required to balance their ticket inventory on a weekly basis. Periodic performance evaluations and the resulting reports are also a "must" to ensure that the Lottery's integrity remains intact. The Lottery is subject to annual financial audits by the State Auditor. A major accounting firm conducts an annual audit on the Lottery's on-line gaming system.

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Highlighted Measure:

Instant ticket sales by fiscal year.

Data Source: Iowa Lottery Authority accounting records

 

Updated 07/25/2017

 

GRAPH - Instant Ticket Sales


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Highlighted Measure:

Online sales by fiscal year.

Data Source: Iowa Lottery Authority accounting records

 

Updated 07/25/2017

GRAPH - Online Ticket Sales


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Highlighted Measure:

Pull-tab sales by fiscal year.

Data Source: Iowa Lottery Authority accounting records

 

Updated 07/25/2017

GRAPH - Pull-Tab Ticket Sales


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