WyoLotto officials announced that the October revenue transfer to Wyoming was $1,412,513. Each quarter the organization transfers a statutory amount of at least 75 percent of net revenue to the state, where it is then distributed to Wyoming’s cities, towns and counties. This brings the running total to $28.29 million going directly back to the state from WyoLotto since launch in 2014.
WyoLotto CEO Jon Clontz said that this has been a critical year with launching a new game, KENO, but the goal to maximize giving back to Wyoming never waivers.
“Because of an exceptional board and dedicated staff, we accomplished a lot this year. We rounded out our portfolio with the launch of KENO this September, and we continued to be a faithful supporter of Wyoming through maximizing our transfers to local government, paying our retailers commissions—which provides another revenue stream for them—and, of course, paying our winners,” Clontz said.
WyoLotto launched in August of 2014 after the Wyoming Legislature and Governor Matt Mead signed into law the bill allowing the creation of a lottery. The bill also outlined that the creation could not be carried out with any state funding, so the WyoLotto Board of Directors and CEO Clontz secured a start-up loan. That loan was paid off early in January of 2016, allowing the first net revenue transfer mandated by statute to occur in April 2016 for more than $1,000,000.
The impact WyoLotto has on Wyoming does not stop at the revenue transfers. The company also provides a new revenue stream for local businesses through paying commission for selling lottery tickets, and it also changes lives for the players when they win.
“It feels amazing to see how much money has gone to our winners and retailers. Since we launched we have paid over $14.6 million in retailer commissions and $113 million to Wyoming players,” Clontz said.