A MESSAGE FROM GARY GRIEF, EXECUTIVE DIRECTOR, TEXAS LOTTERY COMMISSION
Welcome to the Texas Lottery Website. I'm glad you have taken the time to learn about the Texas Lottery and the important contributions that the Texas Lottery makes to public education and veterans' assistance in Texas.
The Texas Lottery is one of the most successful lotteries in the country. Our latest fiscal year ended on Aug. 31, 2018 and, for the eighth consecutive year, a new sales record was attained with $5.627 billion in total sales. These record sales allowed for a total contribution of $1.450 billion to Texas schools and veterans’ causes, also a new record.
This year's revenue transfer included $1.432 billion to the Foundation School Fund and $18.1 million to the Fund for Veterans' Assistance. The Texas Lottery has now contributed more than $22 billion to Texas public education and more than $100 million to Texas veterans since the dedication of such funds by the Texas Legislature.
In addition to record-breaking sales, our careful spending last year kept administrative costs to just 3.99 percent of Fiscal Year 18 sales, one of the lowest administrative expenditure rates in the country. Any unspent administrative funds are returned directly to the Foundation School Fund.
The Foundation School Fund, administered by the Texas Education Agency, funds the operational needs and special program services for Texas school districts including teacher salaries, utilities, equipment, bilingual education, special education, gifted and talented education, and career and technical education.
The Texas Veterans Commission Fund for Veterans' Assistance makes grants available to eligible charitable organizations, local government agencies, and Veterans Service Organizations that provide direct services to Texas veterans and their families. With 1.7 million veterans spread across the state, these programs provide financial assistance, transportation services, Post-Traumatic Stress Disorder counseling and housing assistance.
Texas Lottery players and retailers also enjoyed a record Fiscal Year 18. Players collected $3.737 billion in prizes, the highest amount of prizes paid out in Texas Lottery history. For the Lottery's almost 18,000 retailers that sell lottery tickets across the state, commissions amounted to $281.5 million, the highest commission paid to retailers in Texas Lottery history.
We are thrilled to have once again surpassed our previous sales and revenue records and I want to thank all of our players, retailers, vendors and staff for this outstanding achievement. All of us at the Texas Lottery take pride in working for the State of Texas and the Texas Lottery Commission, and we recognize and appreciate our responsibility to generate revenue for Texas. We will continue our efforts to increase funding for Texas education and veterans through the use of technology and innovations. On behalf of the Texas Lottery, thank you for your support.