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Lottery
Expects To Raise $2 Million To $3 Million Annually For Trust Fund
DES MOINES, Iowa – Two new Iowa Lottery games that will raise
money to support veterans and their families through the Iowa
Veterans Trust Fund are being released this month, including the
"Land of Liberty" pull-tab game that begins sales today.
The $1 pull-tab game features a red, white and blue theme along
with patriotic symbols including the Statue of Liberty and U.S.
Capitol. It will be followed by the instant-scratch game
"Freedom Rings" that begins sales Jan. 26. The $1 tickets in
that game have a Liberty Bell theme. Tickets in both games also
feature the logo of the Iowa Veterans Trust Fund to easily
identify those games as being dedicated to veterans' causes.
"We're proud that our new games are providing a stable, ongoing
source of revenue for the Iowa Veterans Trust Fund," said Ken
Brickman, the Lottery's acting CEO. "Iowa's veterans have served
with dignity and excellence and now we can stand up for them by
providing the Trust Fund with a reliable source of funding."
Legislation
approved in 2008 authorized the lottery's games to
benefit the Iowa Veterans Trust Fund. The Iowa Lottery will
create two new instant-scratch games and two additional pull-tab
games each year, with all profits from the games dedicated to
the Iowa Veterans Trust Fund.
The Lottery estimates that the new games will provide about $2
million to $3 million in proceeds annually for the Iowa Veterans
Trust Fund and already has transferred nearly $1 million to the
fund for the current fiscal year. The Lottery's next transfer to
the Veterans Trust Fund will be made at the end of January and
is anticipated to keep the lottery on target to meet its revenue
estimate for the games.
The Iowa Veterans Trust Fund was created to provide assistance
to qualified veterans to assist in paying for expenses such as:
- Travel expenses for wounded veterans directly related to
follow-up medical care;
- Job training or college tuition assistance;
- Unemployment assistance during a period of unemployment due to
prolonged physical or mental illness or disability resulting
from military service;
- Dental, vision, and hearing assistance for veterans living in
a long-term care facility or under a home healthcare contract
(further asset limits apply);
- Benefits for a child or children of a disabled or deceased
veteran following September 11, 2001;
- Individual or family counseling programs (further asset limits
apply).
- In addition, funds are available for family and children
support groups and honor guard reimbursement.
To learn more about the Veterans Trust Fund, visit
www.iowava.org. To learn more about the Iowa Lottery, go to
www.ialottery.com. |