A MESSAGE FROM GARY GRIEF, EXECUTIVE DIRECTOR, TEXAS LOTTERY COMMISSION
On Nov. 14, the Texas Lottery announced record results for fiscal year 2013, our best year for sales and revenue in the Lottery’s 21-year history. Sales of $4.376 billion topped the previous sales record of $4.19 billion set in 2012 and resulted in a total contribution of $1.214 billion to the state of Texas, the Lottery’s single largest transfer of revenue to the state, including a contribution of $1.149 billion to the Foundation School Fund.
This is the 10th consecutive year that the Texas Lottery generated more than $1 billion in contributions to the state of Texas.
The Texas Lottery’s sales for fiscal year 2013 saw an increase of $185.5 million over sales for fiscal year 2012 with increases across its game portfolio. Scratch-off ticket sales totaled more than $3.22 billion, the highest instant ticket sales in Texas Lottery history. Sales for the Texas Lottery’s draw games, which include Powerball®, Mega Millions®, Lotto Texas®, Texas Two Step®, Pick 3™, Daily 4®, Cash Five® and All or Nothing® totaled more than $1.15 billion, the highest draw sales since fiscal year 2004.
Sales of the Veterans Cash scratch-off game resulted in $6.2 million for the Fund for Veterans’ Assistance, which is administered by the Texas Veterans Commission. Other Texas Lottery funds, including unclaimed prizes, resulted in a transfer of $59.9 million to other state programs.
In addition to robust sales, the Texas Lottery’s careful spending kept administrative expenses to an all-time record low of 4.4 percent of fiscal year 2013 sales. Texas Lottery players had a great year as well, with a record $2.77 billion collected in cash and merchandise prizes, surpassing the past record of $2.63 billion set in fiscal year 2012. For the state’s more than 17,000 Texas Lottery retailers that collect a five percent commission on every lottery sale, those commissions amounted to a record $218.9 million in 2013.
We are thrilled to have surpassed our previous revenue record and I want to thank all of our players, retailers, vendors and staff for this outstanding achievement. All of us at the Texas Lottery recognize and appreciate our responsibility to generate revenue for Texas and we continue to strive to increase funding for public education. We constantly pursue the use of technology and innovations to enhance the products we provide to customers and to reduce our operating expenses.
On behalf of the Texas Lottery, thank you for your support.