News Release PDF

DATE: Monday, June 24, 2013
CONTACT: Sally Lunsford 785-296-5708
sally.lunsford@kslottery.net

Kansas Lottery transfers Record $74.5 Million to State in FY13; Casinos to transfer estimated Record of $79 million

The Kansas Lottery will set a new record for the amount of money transferred to the State in a single year.  The Lottery transferred $74.5 million from the sale of lottery tickets in Fiscal Year 2013, bettering last year's record by $2.5 million.  It's also estimated that proceeds from the three casinos with state-owned and -operated gaming will generate an additional $79 million by the end of the fiscal year, bringing total combined transfers to approximately $153.5 million. 

"It's exciting that this fiscal year marks the Kansas Lottery's largest contribution to the State since we started selling tickets in 1987," said Kansas Lottery Executive Director Dennis Taylor. "We want to thank our players for helping make this record possible. I also want to thank each of the dedicated staff of the Lottery for their hard work and commitment to continuous improvement. Their increasing collaboration, especially over the past six months, has identified and implemented greater efficiencies that are helping us significantly lower the Lottery's operating costs."

Fiscal Year 2013 (July 1, 2012 - June 30, 2013) saw the first full year of operations for both Kansas Star and Hollywood Casino at Kansas Speedway. Boot Hill Casino is in its fourth year.  Through the end of May, with one more month to go in the fiscal year, the three casinos have already transferred the State's share of $72.7 million to the Expanded Lottery Act Revenues Fund.

The $74.5 million transferred to the State from traditional lottery products includes $1.59 million in profits from the sale of Veterans Benefit instant games.  That's the second-highest year of transfers since the Lottery began selling veterans tickets 10 years ago. This money provides direct funding for Kansas veterans' programs and Kansas National Guard scholarships.


Where Does the Money Go?

Traditional lottery revenue goes into the State Gaming Revenues Fund. On a yearly basis, the first $50 million is divided by a formula which first transfers $80,000 to the Problem Gambling and Addictions Grant Fund. Then 85 percent of the balance is transferred to the Economic Development Initiatives Fund, 10 percent to the Correctional Institutions Building Fund, and 5 percent to the Juvenile Detention Facilities Fund. Any receipts in excess of $50 million must be transferred to the State General Fund.

The 2007 Kansas Expanded Lottery Act created the Expanded Lottery Act Revenues Fund (ELARF). The State's share of revenue from state-owned and -operated casino gaming is transferred from the ELARF for purposes of reduction of state debt, state infrastructure improvements and reduction of local ad valorem tax; and/or for other purposes as directed by the Kansas Legislature, such as Kan-Grow Engineering Funds at state universities and the reduction of unfunded actuarial liability of the Kansas Public Employees Retirement System (KPERS).

 

 

 

 




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