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A review of the New Jersey Lottery’s most recent Fiscal Year and Revenue Distributions.
New Jersey Lottery Benefits Education and Institutions
New Jersey Lottery Fiscal Year 2016
The New Jersey Lottery reported the seventh consecutive year of increased ticket sales with Fiscal Year 2016 revenue of $3.29 billion. Increased sales resulted in a record-breaking contribution of $987 million to the State on behalf of Lottery beneficiaries, up from $960 million in Fiscal Year 2015. New Jersey Lottery contributions provide vital funding to education and institutions making everyone in the Garden State a winner. The Lottery is the State’s fourth largest revenue producer.
Since its inception in 1970, the Lottery has dedicated more than $24.8 billion to programs and institutions that benefit millions of New Jersey residents. The Departments of Agriculture, Education, Human Services, Military and Veterans Affairs and Higher Education Services receive support from Lottery generated revenue. Some of the programs and institutions that receive Lottery funding include the: School Nutrition Program, Tuition Aid Grants, Student Tuition Assistance Reward Scholarship (NJ Stars), Marie H. Katzenbach School for the Deaf, centers for developmentally disabled, state psychiatric hospitals and homes for New Jersey’s disabled soldiers.
New Jersey Lottery players also had a record-winning year with $2.0 billion paid in prizes up from $1.8 billion in Fiscal Year 2015. Nearly 113 million winning tickets were validated and paid in Fiscal Year 2016, which was an increase from the 111 million in Fiscal Year 2015.
The Lottery plays a key role in supporting businesses, large and small, throughout the State. At the end of Fiscal Year 2016 there were more than 7,600 Lottery retailer licenses issued. Retailers are vital to the success and growth of the Lottery. As the public face of the Lottery brand they provide customer service and product support. In return, retailers earn five percent commission on their Lottery ticket sales in addition to ticket cashing and special product promotion bonuses. In Fiscal Year 2016, retailers received $186 million, up from $170 million, in commissions and bonuses.