Iowa Lottery announces record annual sales in fiscal 2024

The Iowa Lottery says it saw record sales of $489.9 million in the just-completed 2024 fiscal year.

The lottery released its unaudited annual results Tuesday, finding that sales had increased 1.7% from the previous year, beating the previous record. Proceeds from the lottery to the state totaled nearly $107 million, according to a news release.

While the proceeds decreased roughly 1.6% from fiscal; year 2023, the lottery reported they were the second highest after that year’s $108.4 million.

Prizes to players also reached a record level at $312.6 million — a 2.4% increase — according to the news release, and lottery sales commissions to Iowa businesses grew by 2%.

“The Iowa Lottery continues to deliver on its promise to responsibly generate revenue for important state causes,” Iowa Lottery CEO Matt Strawn said in the release. “I’m grateful to lottery players, retail partners, and our amazing team of public-minded professionals who produced these record results.”

What were the top-selling Iowa Lottery products in fiscal 2024?

The top-selling lottery products in Iowa were scratch games, at $302.1 million, followed in a distant second by Powerball at $77.3 million, and in third, Mega Millions at $39.1 million.

Fourteen Iowa Lottery players claimed prizes of at least $500,000 during the fiscal year, with the largest winnings being $2 million in Powerball games — one for a Clinton man in April, and one for a Treynor man in January. A Powerball Double Play prize of $500,000, won in March in Mason City, remains unclaimed.

Proceeds from the lottery go to multiple sources, including the Iowa Veterans Trust Fund and programs supporting Iowa law enforcement, firefighters and corrections employees who die in the line of duty, as well as to projects through the state general fund.

Dana Wingert, Des Moines chief of police and chair of the lottery commission, praised the lottery’s efforts to highlight National Gambling Awareness Month and the services available in the state for people facing gambling addiction disorders.

“As a citizen commission member, it’s gratifying to me to see this ongoing demonstration of lottery integrity,” Wingert said. “And as a public servant myself, I appreciate the lottery team’s focus on responsibly producing results for vital causes.”