October Ticket Purchase Pushes Iowa Lottery Past $2 Billion In Proceeds

Just this past October, a lottery ticket sold in Iowa pushed the proceeds past the $2 billion mark for the Iowa Lottery. The historic moment was noted Thursday as they finalized the monthly financials for October. This means that since starting in 1985, Iowa Lottery sales have topped $7.9 billion, players have won $4.5 billion in prizes while more than $2 billion has been raised for state programs. CEO, Matt Strawn, thanked players, retail partners, state policymakers and staff for ensuring lottery entertainment is a local option and available in all 99 counties. “The beneficiaries of Iowa’s lottery over its 34 years include our veterans, our students and our downtown main streets to name just a few of the many vital state causes funded by Iowa Lottery revenue, Strawn said. “Key to delivering this $2 billion milestone to Iowans is the lottery’s constant focus on operational integrity, development of fun and innovative products and community-minded retail partners.” Lottery proceeds have been used throughout the state for economic development efforts, environmental and cultural programs and problem-gambling treatment. They provide support to veterans and their families, the families of Iowa peace officers and firefighters who die in the line of duty, help with a variety of projects through the state’s general fund and support the Vision Iowa program for enhancing tourism and building and repairing schools.