Arizona Lottery Surpasses $5 Billion in Transfers to Beneficiaries, with $57.6 Million in 3Q FY2023
PHOENIX, Arizona (May 31, 2023) — The Arizona Lottery announced today $57,578,402* in transfers to state-mandated beneficiaries for the third quarter of Fiscal Year (FY) 2023, surpassing $5 billion in total transfers to beneficiaries since the agency’s inception in 1981. In total, the Arizona Lottery has transferred over $193 million to vital state programs and services, Q1 through Q3 of FY23.
“The Arizona Lottery is on track to deliver the highest level of investment in programs and services that matter to Arizonans this year, with beneficiary transfers totalling $250 million as of the third quarter. The Lottery’s increased support of its beneficiaries is thanks to a record-breaking year of sales, which are expected to reach $1.5 billion in FY23,” said Alec Esteban Thomson, Executive Director, of Arizona Lottery. “The resources provided by the Lottery make our state stronger and healthier, supporting programs and services including construction and maintenance of Arizona’s public universities, protecting vulnerable communities, preserving iconic Arizona wildlife, and more.”
Thirteen State Agencies administering 17 programs and services receive 100 percent of Arizona Lottery transfers to fund vital programs and services that protect our environment, facilitate higher education, benefit vulnerable Arizonans, and grow our economy. Since 1981, the Arizona Lottery has returned nearly $5.2 billion to state programs. No other gaming entity in the state returns more dollars to benefit the public good than the Arizona Lottery.
For more details on each of the state agencies and programs receiving Arizona Lottery dollars, please visit our website at https://www.arizonalottery.com/gives-back/ or review our annual reports at https://www.arizonalottery.com/about-the-arizona-lottery/.
*Unaudited and may change
About Arizona Lottery
Since 1981, the Arizona Lottery and its retail partners have generated more than $5.2 billion in support of programs that help to improve the quality of life for the people of Arizona. Proceeds from Lottery ticket sales fund programs in higher education, economic development, environmental conservation and health and human services. The mission is to support Arizona programs for the public benefit by maximizing net revenue in a responsible manner. Learn more at ArizonaLottery.com.
SOURCE: Arizona Lottery.Tags: Arizona Lottery, Transfers to Beneficiaries