Washington’s Lottery Continues Record Revenues
Aug. 6, 2013 – Washington’s Lottery announced Monday that it had brought in record-breaking revenues for the second year in a row, surpassing last year’s record of about $535 million in sales by more than $30 million.
This year’s $567 million in sales revenue is the fourth time the Lottery has sold more than $500 million in tickets, and is a promising sign of steady, continued growth.
While it is nice to know the money’s coming in, the programs that lottery sales help fund are what the Lottery really cares about, and they were thrilled this year to make record returns to education and the state’s general fund.
“Washington’s Lottery provides important revenue for our state that helps us do good things for Washingtonians,” said Gov. Jay Inslee. “I look forward to working with the Lottery staff to continue the program’s support of important programs and to build on this year’s successes.”
According to the Washington Lottery’s beneficiaries page, the majority of their profits have gone towards the Washington Opportunity Pathways Account since 2010.
The Account helps pay for college scholarships for eligible students, and it provides funding to other state financial aid programs. In fiscal year 2013, Washington’s Lottery was able to generate more than $119 million for the Opportunity Pathways Account.
Additionally, the Lottery contributed about $14 million to other state projects through the general fund, including a $10.4 million payment towards CenturyLink Field, where both the Seattle Seahawks and Sounders FC play.
“For 31 years now, this agency has been able to provide support to some important state programs, while also introducing fun games and sparking peoples imagination,” said Washington’s Lottery director Bill Hanson.
“We consider our work an investment in Washington State’s future, and our entire staff is proud to celebrate another banner year.”