Where does the state currently allocate revenue generated from the Hoosier Lottery?

Where do the proceeds from the Hoosier Lottery go?

The state directs about $235 million of the lottery profits toward reducing auto excise taxes, with $60 million going to pension funds for teachers, police officers and firefighters.

How much does Indiana make from lottery?

The lottery racked up a record $1.74 billion in revenue during the 2021 fiscal year. That massive haul led to over $375 million worth of profits for the state of Indiana. The State Lottery Commission made the announcement at its recent meeting. As expected, scratch-off tickets were the leading cause of the increase.

Who owns the Hoosier Lottery?

Our Commission. The State Lottery Commission of Indiana is composed of five members appointed by the Governor of Indiana. The Commission was created by Indiana law to oversee the operation of the Lottery.

How much does Hoosier Lottery contribute to teachers retirement fund?

Every year, the Hoosier Lottery contributes $30 million to the Teachers’ Retirement Fund and $30 million to local police and firefighters’ pensions.

What does the Hoosier Lottery pay for?

Giving back to our hoosier heroes

Since 1989, Hoosier Lottery funds have supported local police and firefighters’ pensions, the Teachers’ Retirement Fund and the Lottery Surplus Fund.

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When was the last time the Hoosier Lottery was won?

Seventy-six Hoosier Lotto drawings occurred since the last jackpot win back on Nov. 21, 2020 in Santa Claus, the Hoosier Lottery said. That jackpot was $2.2 million. The Hoosier Lotto jackpot was won five times in 2020.

What is the highest Hoosier Lottery jackpot?

The biggest Hoosier Lotto jackpot ever was a $54.5 million prize that was claimed in November 2007 by retired East Chicago steelworker Peter Gilbert. Hoosier Lotto drawings are Wednesday and Saturday nights. Tickets cost $1 per play. Tonight’s jackpot is $1 million.