|
History
Legislation creating Iowa's lottery was
signed into law in April 1985 and the
lottery began sales on Aug. 22, 1985, with a
kickoff celebration at the Iowa State Fair.
The first game sold by the Iowa Lottery
was an instant-scratch product called
"Scratch, Match and Win" and players bought
more than 6.4 million tickets during the
first week of play.
In the years since, the Iowa Lottery has
raised more than $1.1 billion dollars for
state programs while awarding more than $2.2
billion in prizes to players. Sometime in
March 2006, an Iowa Lottery player purchased
the ticket that helped push lottery profits
to state programs over that $1 billion
threshold.
Lottery profits have helped the state in
a variety of ways through the years. When
legislation authorizing the Iowa Lottery was
signed into law in 1985, lottery profits
were earmarked for the Iowa Plan, a
long-term economic development program.
In 1991, lottery profits were designated
for environmental and cultural programs. But
after one year, all lottery proceeds were
directed to the state general fund. Most
lottery revenues have continued to go to the
general fund since that time. More than 60
percent of the money in the general fund
goes to Iowa's public K-12 schools and
higher education. Other programs that
receive money from the general fund include
justice programs, health and human services
and agricultural programs.
The Lottery also provides a portion of
its revenues to the state Gambling Treatment
Program, which administers the 1-800-BETSOFF
helpline for those concerned about program
gambling. Through the years, the lottery has
provided more than $14.8 million in funding to
the gambling treatment program.
Lottery revenues also were used to secure
financing for the Vision Iowa program.
Vision Iowa was created in 2000 to provide
funding for tourism attractions and school
repairs in the state. Bonds for the program
were issued with direct funding provided by
state revenues from racetracks and casinos,
and lottery revenues used as a backup over
the 20-year payback period of the bonds.
The Lottery sells tickets in three
general categories: instant-scratch,
pull-tab and lotto games. Lottery products
are sold at more than 2,600 retail locations
in Iowa.
The Iowa Lottery currently has 117
employees who work at its headquarters in
Des Moines and its regional offices around
the state in Council Bluffs, Storm Lake,
Mason City and Cedar Rapids. |