Lottery returns $55,500,000 to Idaho public schools
BOISE, Idaho (KIFI/KIDK) – The Idaho Lottery has announced a $55,500,000 dividend to the people of Idaho.
Including this year’s dividend, the Idaho Lottery has now returned $961.5 million since it began in July 1989.
“On behalf of the Idaho Lottery Commission, it is my great pleasure to present a dividend of $55.5 million to Governor Brad Little, Superintendent of Public Instruction Sheri Ybarra, the Chairman of the Permanent Building Fund Advisory Council Dee Jameson, and the People of Idaho,” Idaho Lottery Commission Chairman Craig Corbett said. "We know these monies are in good hands to build a bright future for Idaho.
The total dividend transferred to the Department of Education was $34,687,500. Of that amount, $20,812,500 is earmarked for use by the Department’s districts based on average daily attendance for public school maintenance and operations expenses. The remaining $13,875,000 is for the Department of Education’s Bond Levy Equalization Fund. The Idaho Lottery has contributed over $551 million to these accounts in support of Public Education in Idaho.
“Idaho’s public schools and the state’s Permanent Building Fund are the real winners of the Idaho Lottery. After 31 years, the Idaho Lottery has provided nearly one billion dollars to enhance public education, improve college campuses, and provide safe workforce buildings,” Governor Brad Little said.
The Lottery also transferred $20,812,500 to the State of Idaho Permanent Building Fund Account. Since 1989, the Idaho Lottery has returned $422,725,000 back to support permanent buildings at, among other places, Idaho’s university campuses.
“The Idaho Lottery has been supporting schools and students across the state through annual dividends for more than 30 years,” Superintendent of Public Instruction Sherri Ybarra said. “This year, ina time of unprecedented challenges for Idaho’s schools, nearly $35 million will go to much needed projects such as electrical repairs, boiler upgrades, and fire safety equipment.”
The Idaho Lottery ended its Fiscal Year on June 30, recording $277.6 million in annual sales, awarding $185.7 million in prizes to players, and retailers earning $16.2 million in commissions.
