In 1976 a referendum was held to establish a state-run lottery and in 1977 the Vermont Lottery Commission was established. In 1978, the Vermont Lottery Commission was granted $250,000 in startup funds to create the VT Lottery and produce the first lottery ticket. The first game, called “The Green Mountain Game,” officially went on sale on February 14, 1978, and eighteen months later the VT Lottery paid back the original $250,000 in startup funds.
All profits generated by the Vermont Lottery from February 1978 to July 1998 were dedicated for use by the Vermont General Fund. In July 1998 the Vermont Legislature mandated that all lottery profits instead go to the state’s Education Fund where the VT Lottery currently continues to contribute all of its profits.
In Fiscal Year 2017, the Vermont Lottery contributed over $25 million to the Vermont Education Fund, over $7.4 million in commissions to retailers, and more than $79 million in prizes to lottery players.