Oct. 15, 2013 – The Kentucky Lottery began selling tickets in 1989 for the benefit of the state, and for the first ten years deposited the majority of proceeds into the Kentucky General Fund.
In September of 1999, however, the first Lottery-funded grants were given to students, starting a now-14 year legacy of dedication to education in Kentucky.
This week, Lottery officials say their financial support for education has passed the $2 billion mark.
Lottery spokesman Chip Polston told the Associated Press that $2.05 billion had been paid into the state’s education fund, to support grants and scholarships.
Fifty-five percent of the lottery’s net proceeds each year support need-based scholarships and grants through Kentucky’s College Access Program and the Kentucky Tuition Grants Program.
The remaining 45 percent goes to the Wallace G. Wilkinson Kentucky educational excellence scholarship trust fund, which awards merit-based scholarships.
Along with those funds for higher education, the Kentucky Lottery also supports literacy education.
The first $3 million in each year’s Lottery profit is paid to the Collaborative Center for Learning Development and into a “reading diagnostic and intervention fund.”