April 11, 2023 – WyoLotto officials announced that the April revenue transfer to Wyoming is another record amount of $2,091,843.47. Each quarter the organization transfers a statutory amount of 75 percent or more of net revenue to the state, where it is then distributed to Wyoming’s cities, towns and counties.
This brings the running total to $32.59 million going directly back to the state from WyoLotto since launch in 2014.
“We are excited to be able to have another big transfer like we had in January. This fiscal year has been exceptional, and we are very grateful for the large jackpots and above normal sales we have seen. We know how important this money is to Wyoming’s cities, towns and counties, so when we have great sales from large jackpots that means we get to help out that much more,” said WyoLotto CEO Jon Clontz.
In January of this year, WyoLotto transferred a record amount of just over $2.2 million. The transfer amount was mostly due to the record-breaking $2.04 billion Powerball jackpot from November 2022.
Clontz added, “The jackpot for Cowboy Draw has reached the highest amount in the game’s history. That is the primary reason for the large transfer this quarter as it has brought in above average sales.”
The Cowboy Draw jackpot has grown to $3.4 million—the largest jackpot in the game’s history since it launched on March 15, 2015. The previous record-setting jackpot had grown to $3.3 million and was hit in December 2018.
WyoLotto has been making quarterly transfers to Wyoming’s cities, towns and counties since April 2016, with a mission to maximize giving back to Wyoming. The company 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.
“WyoLotto’s impact extends beyond revenue transfers to also creating a new revenue stream for local businesses through paying commissions for selling lottery tickets, and the winnings paid to our winners,” Clontz added.
Since the launch of WyoLotto, over $16.36 million has been paid in retailer commissions and over $122.5 million to Wyoming players.
For more information about WyoLotto or to receive player updates and notifications about Cowboy Draw, Mega Millions, Powerball, and Lucky for Life, visit wyolotto.com/signup or download the WyoLotto app for free today.