State lottery predicts “record” growth | State and regional

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Lotto games, which include games like Powerball and Mega Millions, have an expected increase of 26.64%, from $ 17.65 million in FY20 to $ 22.35 million in FY21. Projected revenues for fiscal year 21 from lotto games are $ 8.05 million, compared to $ 6.89 million for the fiscal year. 20.

“These are big numbers and they continue to grow despite what we’ve been through with COVID,” Commissioner Jamie Huizenga said.

The lottery has provided $ 1.02 billion to the State General Fund since its inception in 1987, according to the lottery website. About half of the entire General Fund goes to K-12 schools and higher education institutions in the state. The lottery revenues were originally intended to fund education.

“In fiscal 2020, the South Dakota Lottery provided more than $ 3.06 billion to support education, develop natural resources, reduce property taxes and provide problem gambling treatment services.” , indicates the website. “Almost 95 cents of every dollar won by the lottery goes directly to South Dakota. Of the $ 128 million raised last year, over 45% went to education and millions more to roads, natural resources and other good things.

In EF 20, $ 123,735,722 in lottery revenues went to the general fund; $ 4,481,139 was contributed to the Capital Construction Fund, which supports the construction and repair of roads and bridges; and $ 214,000 went to social services to fund problem gambling treatment.



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