Washington’s Lottery officials sent a press release Monday announcing that the 2012 Veterans Raffle did not pay off. It did for one $1 million winner, 30 who won $1,000 and 100 who won $100. The Veterans Innovation Program, which provides education, training, employment, medical care, and counseling to National Guard, Reserve and active duty veterans and their families, will see nothing from it.
In fact, Washington’s Lottery is expected to take a $340,000 hit, and according to the release it can’t take money from elsewhere and give it to the charity.
Participants paid $10 per ticket for the Veterans Innovation Program fundraiser that ran from Veteran’s Day to New Year’s Day. With just under 128,000 tickets sold, that wasn’t enough to handle payouts and costs. The lottery agency is self-funding, so no tax dollars were lost, the agency announced.
The press release follows
Subject: MEDIA ALERT: Statement Regarding Washington’s Lottery 2012 Veterans Raffle Results
The following statement is being sent on behalf of Washington’s Lottery:
Friday, January 25, 2013: Washington’s Lottery announced results of the 2012 Veterans Raffle. The Veterans Raffle ran from Veterans Day, November 11, 2012, to January 1, 2013. Out of 200,000 tickets available, 127,924 tickets (or 63.96%) were sold. Washington’s Lottery expects to award a total of 141 prizes totaling $1,040,000 to Washingtonians across the state. As of today, the $1 million prize has been claimed, as well as 25 of the 30 $1,000 prizes and 92 of the 100, $100 prizes.
Washington’s Lottery is disappointed that more tickets weren’t sold this year. After careful reconciliation of expenses associated with the Veterans Raffle, including winning payouts, Washington’s Lottery expects to incur a loss of approximately $340,000. Washington’s Lottery is a completely self-funded agency, so no taxpayer dollars were used to purchase advertising or sponsor any other promotional activity for the Veterans Raffle.
Directed by state legislators, Washington’s Lottery contributions to the Veterans Innovation Program are contingent upon ticket sales and total program costs. In circumstances like this, where the Lottery fails to break even, the agency is prohibited by law from making a contribution to the program.
Washington’s Lottery strongly believes in the Veterans Innovations Program and will continue to work closely with both state legislators and the State Department of Veterans Affairs to explore alternative opportunities to fund this important program and ensure its sustainability.