Facts and Figures
The Oklahoma Lottery
October 11, 2005
During his campaign for governor in 2002, Brad Henry said his “education lottery” would bring in $500 million in new funding for education.
After taking office in 2003, Gov. Henry reduced his revenue estimate for the lottery to $300 million.
The Oklahoma Lottery Commission now estimates that the Oklahoma Lottery will bring in less than $130 million in revenues for the state when it is fully implemented.
However, some skeptics say that even the new, lower revenue projections are too rosy. (For example: Kansas , a state similar in size and demographics to Oklahoma , received only half the revenues now being projecting for Oklahoma – $65 million – from its lottery last year.)
The State of Oklahoma will receive 30% of all lottery ticket sales. (This goes up to 35% after two years.) 45% goes to prizes. The rest pays for administrative overhead, advertising, etc.
Of the state's share of revenues, only 45% goes to K-12 education . 45% goes to higher ed, 5% goes to the School Consolidation and Assistance Fund, and 5% goes to the Teachers Retirement System.
After intense, outside pressure, the Oklahoma Lottery Commission reversed its decision to sell lottery tickets at pawn shops, payday loan centers, and check-cashing shops. However, the original decision to sell tickets at these locations shows that the Lottery Commission intends to target low-income Oklahomans to boost ticket sales.
Oklahoma Lottery Commission Executive Director Jim Scroggins earns a base salary of $175,000 per year. In addition to his base salary, Mr. Scroggins' contract provides for a $25,000 bonus when lottery tickets sales begin 10/12/2005 and another $25,000 bonus when online ticket sales begin. Prior to coming to Oklahoma , Mr. Scroggins was executive director of the Missouri Lottery (since 1992).
The Lottery Commission's board of trustees includes seven members, all appointed by the governor with the advice and consent of the Senate.
Oklahoma Lottery Commission website: http://www.lottery.ok.gov |