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Each year, the Iowa Lottery raises tens of millions of dollars that enrich life in our state. Since 1992, lottery profits have been directed to the state general fund, where they are used for a variety of significant projects.

In the Iowa Lottery's latest financial year, the lottery raised $58.1 million in proceeds that were deposited in the state general fund. Some of the programs that receive money from the general fund include education, natural resources, health and family services and public safety. The Governor and the Iowa Legislature allocate money from the general fund based on where they believe those funds are needed most.

The chart* below illustrates the breakdown of how money from the general fund is distributed.

In addition to the commitment to the general fund, lottery revenues are linked to the Vision Iowa program. The Vision Iowa program was implemented in 2000 to create tourism destinations in the state, assist with community attractions, and build and repair schools.

Direct funding for Vision Iowa comes from gaming revenue. However, as the program was being initiated, investors indicated there was a need to strengthen the Vision Iowa bonds by dedicating $20 million annually in lottery revenues as a backup.

Ken Brickman, the Iowa Lottery's acting chief executive officer, said the lottery is glad to participate in a project so important to the future of Iowa.

“Retaining Iowa's young people and attracting new residents are key to the future of the state,” Brickman said. “Creating tourism destinations will help draw people to Iowa and building and repairing schools will bolster Iowa communities. The Iowa Lottery is delighted to be part of those efforts.”

Legislation was approved that dedicates $15 million in lottery revenues to programs for community attractions in Iowa and another $5 million to Vision Iowa Programs to build and repair schools if gambling revenues don't reach that amount. Lottery funding will continue to be linked to Vision Iowa over the 20-year payback period of the program's bonds.

To learn how more than $1 billion in Lottery profits have helped the state, click here.

*Source: Iowa Department of Management - FY 2007 appropriations