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The “Mountain Road” Lottery of 1768 1700s: Many of our Founding Fathers played and sponsored lotteries. George Washington operated a lottery to finance.

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Presentation on theme: "The “Mountain Road” Lottery of 1768 1700s: Many of our Founding Fathers played and sponsored lotteries. George Washington operated a lottery to finance."— Presentation transcript:

1 The “Mountain Road” Lottery of 1768 1700s: Many of our Founding Fathers played and sponsored lotteries. George Washington operated a lottery to finance construction of the Mountain Road, which opened westward expansion from Virginia. History of Lottery Courtesy of Scientific Games Historic Lottery Memorabilia Collection

2 Continental Congress Lottery - 1776 1700s: Many of our Founding Fathers played and sponsored lotteries. Benjamin Franklin used lotteries to finance cannons for the Revolutionary War. Courtesy of Scientific Games Historic Lottery Memorabilia Collection

3 1790 to the Civil War: Fifty colleges, 300 schools and 200 churches were erected with lottery proceeds. Most notably, universities such as Harvard, Yale, Princeton and Columbia were funded by lotteries. Harvard College Lottery - 1811 Courtesy of Scientific Games Historic Lottery Memorabilia Collection

4 1964: The New Hampshire Legislature created the state lottery, the first legal lottery in this century; it was labeled a "Sweepstakes" and tied to horse races to avoid the 70-year-old federal anti-lottery statutes. Lou Smith (l) of Rockingham Park racetrack sells the first New Hampshire Sweepstakes ticket to Governor John W. King on March 12, 1964

5 1974: Massachusetts offered the first scratch-off ticket. Courtesy of Scientific Games Historic Lottery Memorabilia Collection

6 1975: The New Jersey Lottery introduces the first online numbers game in the U.S. 1978: Massachusetts and New York launch the first lotto games in the U.S. as offline products 1985: Tri-State Megabucks is the first multi-state lottery, with sales in Maine, New Hampshire and Vermont 1982: The Interprovincial Lottery Corporation launches LOTTO 6/49, Canada’s first nationwide on-line terminal lottery game On-line Draw Games

7 1989: Oregon introduces the first long- running sports lottery in the U.S.; the games based on professional sports would continue until 2007 1990: Sports betting is added to the Western Canada Lottery Corp. product line 1989: South Dakota is the first lottery to introduce video lottery terminals (VLTs) at bars and clubs 1990: VLTs are launched in New Brunswick and Newfoundland & Labrador Video Lottery Terminals Sports Lottery

8 1992: Powerball replaces Lotto America as the flagship game of the Multi-State Lottery Association with 16 member lotteries 1987: The Multi-State Lottery Association is formed with six initial members 1988: Lotto America is the first multi-state lotto game offered by the Multi-State Lottery Association 2013: On May 18 th a record jackpot of $590.5 Million Powerball jackpot was won in Florida by Gloria C. Mackenzie. It’s the largest jackpot ever paid to a sole winner. Information courtesy of The Wagering Resource (www.wageringresource.com) and Powerball (www.powerball.com)

9 1996: The Big Game launches with six member states 2002: The Big Game becomes Mega Millions. 2012: On March 30 th a record $656 Million jackpot was won in three states (IL, KS, and MD) Information courtesy of The Wagering Resource (www.wageringresource.com) and Mega Millions (www.megamillions.com)

10 2013: Atlantic Lottery becomes the first regulated lottery in Canada to offer award show bets. 2004: PlaySphere launches in August 2004, it is the first regulated online gambling site in North America.

11 2011: Illinois is the first U.S. lottery to contract with a private firm, Northstar Lottery Group, for day-to-day operation and management tasks. 2012: On March 25, 2012, the Illinois Lottery became the first U.S. lottery to offer regular ticket sales via the Internet.

12 In 1970, there were only 4 U.S. and Canadian lottery organizations in existence. History of Lotteries

13 Today, there are 53 History of Lotteries

14 The North American Lottery Industry In the early 80’s, there were only 14 states and the 5 Canadian lottery organizations in existence. Today, there are 44 state lotteries plus DC In FY ‘13, US gross sales were in excess of 60 billion.

15 l Last year, it is estimated that more than $700 billion was wagered on all games in the United States. l The $60 billion wagered on by U.S. lotteries is a drop in the bucket -- or only 8.5% of the total dollars wagered.

16 l In FY ‘13, of the $60 billion in gross lottery sales, over $38 billion was returned to the players in the form of prizes. l More than $21 billion was returned to the states as net profit, and more than $4 billion was paid to the 200,000 retailers who sell lottery products throughout North America.

17 Where The Transfers Go l Education, parks and recreation, capital construction, compulsive gaming assistance, crime control, economic development, environment & natural resources, police/firefighter pensions, property tax relief, public buildings, revenue sharing, roads and highways, senior citizen programs, state government assistance, teachers’ retirement, tourism, etc. l In Canadian jurisdictions, lottery revenue supports a variety of programs including health care in British Columbia, in addition to providing a portion, if not all, revenue to the general revenue funds in every jurisdiction.

18 Since the inception of the first US lottery in 1964 in New Hampshire: l US lottery organizations have generated more than $1.1 trillion in gross sales l contributing more than $350 billion to support programs/services

19 l and more than $64 billion to lottery retailers l And more than $641 billion paid out in prizes l on less than spending an average of 10% in operating expenses, and 1.17% on advertising

20 In other words, l During the 16,972 days lottery products have been sold in North America:

21 l an average of $37.8 million in prizes has been won each and every day since 1964 In FY ‘13 alone, l on the average, more than $104 million was awarded in prizes every day

22 l or $4.4 million every hour l or $73,333 every minute of every day in FY ‘13.

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25 5-Year Lottery Sales


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