|Where Does The Money Go?|
|Thursday, 31 May 2007|
On November 2, 2004, Oklahomans overwhelmingly voted to pass the "Oklahoma Education Act". Net proceeds of all lottery games will be used to support improvements and enhancements for education purposes and programs; furthermore, net proceeds will be used to SUPPLEMENT rather than replace existing funds for education. Proceeds will benefit all levels of education from Pre-K to higher education.
How will Oklahoma Education receive the promised funds?
All proceeds from ticket sales will be deposited in a separate bank account, on or before the 15th day of each quarter, the Oklahoma Lottery Commission will transfer 30% of the proceeds to the Oklahoma Education Lottery Trust Fund. This Trust Fund will be administered by the Office of State Treasury.
How will the Oklahoma Lottery Trust Fund be appropriated?
Besides contributing to the Education Lottery Trust Fund, how has the Oklahoma Lottery been involved with the local community and schools?
In addition to contributing to the Education Lottery Trust Fund, the Oklahoma Lottery has been and will continue to be involved with local schools and communities. For example, we have already partnered with the Oklahoma City Blazers hockey team to provide their 2007 School Game Day. The Lottery's sponsorship not only helped provide the opportunity to attend a game but also gave them the opportunity to win a pizza party for their classes.
We are a proud supporter of the 2007 Special Olympics of Oklahoma, we are providing financial support, as well as, offering our staff an opportunity to serve as volunteers during the events.
This year, the Oklahoma Lottery is proud to partner with the Oklahoma City Hornets for a Special Olympics All Star Day with the entire Hornets team and coaching staff.
This event gives Special Olympics Athletes the opportunity to work on their basketball skills with the best in the business. The Special Olympic athletes will also have the opportunity to attend and be recognized at the March 19 Hornets game during a special presentation courtesy of the Oklahoma Lottery and the Oklahoma City Hornets. On behalf of the Oklahoma Lottery, the Oklahoma City Hornets generously donated $25,000 to Oklahoma Special Olympics to continue their magnificent work in our state.
Our ongoing, significant financial contribution to the Education Lottery Trust Fund and our activities with local schools, communities and special events all focus on partnership for the benefit of the education and support of the children of Oklahoma.