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In fiscal year 2021, the School Aid Fund experienced an unprecedented boost of $1.419 billion courtesy of the Michigan Lottery, setting a remarkable record.
The current contribution surpasses the previous record set in 2020 by over $240 million. For three consecutive years, the lottery has consistently donated over $1 billion to the fund.
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Michigan Lottery Continues Record Contributions
On Monday, Michigan Governor Gretchen Whitmer declared the contribution, marking the seventh consecutive year that the Michigan lottery has made a historic donation to the School Aid Fund.
According to state law, the School Aid Fund receives all proceeds from the lottery.
In a statement, Whitmer expressed, “When Michiganders strive for victory, our students and schools reap the benefits as well. The School Aid Fund has greatly benefited from the Michigan Lottery’s exceptional contribution, enabling us to prioritize the safety and in-person learning of our children. This funding also plays a crucial role in supporting K-12 programs and ensuring that all families have equal access to a high-quality public education. The Lottery’s remarkable performance in the past seven years has allowed us to prioritize the needs of Michigan students. Together, we have bridged the funding gap between schools, increased per-student funding, and enhanced school facilities, all while avoiding tax hikes. I am deeply thankful to everyone involved in making this significant investment in our children possible.”
The trend of setting record-breaking contributions started in 2015, with a remarkable $795.5 million. Now, in the current year, the amount has skyrocketed to a staggering $1.419 billion, nearly doubling the initial record.
Over the past six years, the School Aid Fund has received contributions from the lottery.
- In the year 2020, the amount of $1.179 billion was recorded.
- In 2019, the total amount of money was $1.070 billion.
- In 2018, the amount of $941.2 million was recorded.
- In 2017, the total amount reached $924.1 million.
- In 2016, the total amount reached $888.9 million.
- In the year 2015, the total amount reached $795.5 million.
Since 1972, the Michigan Lottery has generated over $26 billion in funding for public education, with a significant portion of $7.2 billion being raised within the last seven years.
Michigan Lottery has record year overall
The Michigan Lottery had an outstanding year in fiscal year 2021, resulting in a remarkable record contribution. Retailers were delighted to receive an unprecedented $370.9 million in commissions, contributing to this achievement.
According to the release, the year witnessed record-breaking sales and prizes awarded to players, surpassing $5 billion and $3.1 billion respectively. The remarkable figures were primarily influenced by the popularity of instant games, a staggering $1 billion Mega Millions jackpot, and the lottery’s online platform.
In the state of Michigan, there are over 10,000 places where lottery products are sold, and a staggering 925 retailers managed to sell $1 million or more worth of lottery games.
Lottery Commissioner Brian O. Neill stated that the support of Michigan schools and businesses is made possible through lottery purchases. He acknowledged that achieving these remarkable outcomes would not be feasible without the contributions of players, retailers, vendors, the committed Lottery team, and the backing received from state government.
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