Iowa Lottery CEO announces retirement
CLIVE, Iowa — Iowa Lottery CEO Terry Rich introduced Thursday that he intends to retire in past due 2018 or early 2019. Rich has led the Iowa Lottery since February 2009 and is simply the second one individual to function its CEO for the reason that lottery’s get started in 1985.
Rich, 65, launched this commentary relating to his retirement:
“Over the previous years, I have had the privilege of serving 3 Iowa governors whilst attaining some vital milestones on the lottery, serving to with initiatives to handle probably the most state’s largest demanding situations, and riding significant will increase within the important state proceeds generated through the lottery. I have achieved the whole lot I would was hoping to perform on the Iowa Lottery. With that luck, it is time to transfer on.
Besides spending extra time with friends and family, there are skilled alternatives that excite me as I head into this control transition: to assist yet one more group develop luck as a member of its Board of Directors or control personnel; or to provide yet one more nationwide TV display whilst proceeding to give keynote speeches at native and world meetings.
I have totally loved offering Iowans with leisure as CEO of the Iowa Lottery. It has been our excitement to assist design a success video games with the perfect level of integrity and responsibility. I have been fortunate sufficient to steer essentially the most outstanding nationwide lottery organizations, and my signature has gave the impression on loads of hundreds of thousands of lottery tickets — and tests for Iowa’s largest lottery prizes. I am pronouncing my retirement now in order that transition plans will also be made on the lottery.”
The Iowa Lottery has completed quite a few milestones underneath Rich’s management:
- Annual Lottery gross sales have higher $100 million, from the $240 million vary to over $350 million vary nowadays.
- Annual lottery proceeds to state reasons have higher from the $60 million vary in 2009 to the $80 million vary nowadays, pushed largely through repeated report gross sales of instant-scratch tickets.
- The Iowa Lottery won a blank audit from the state Auditor’s Office each and every yr that Rich used to be CEO.
- Fiscal yr 2016 went into the books because the lottery’s highest yr to this point, with report gross sales, proceeds to state reasons, prizes to avid gamers and store commissions. The lottery generated a report $88 million in proceeds that yr. Annual gross sales have been a report $366.nine million.
During his years heading the Iowa Lottery, Rich additionally used to be decided on through his friends to steer the North American Association of State and Provincial Lotteries as its president for 2014-2015.
But possibly what is going to be remembered maximum from Rich’s time as lottery CEO is the long-running lottery jackpot investigation that exposed fraud towards U.S. lotteries and ended in to blame pleas from 3 males who admitted they illegally claimed prizes through rigging lottery drawings in 5 states.
“This case will remain an important reminder to organizations everywhere to keep monitoring and making improvements to stay ahead of those who would try to beat the system,” Rich stated. “I’m absolutely proud of the unwavering focus our lottery kept on security and integrity to ensure that our games are fair.”
The Iowa Lottery used to be named the 2018 winner for an International Gaming-Compliance Award for its paintings within the case, which spanned seven years.
Prior to Rich changing into the lottery’s CEO in 2009, Dr. Ed Stanek led the group from its get started in 1985 till his retirement in October 2007.
In addition to his profession on the lottery, Rich used to be CEO of Iowa’s Blank Park Zoo in Des Moines; President and CEO of Rich Heritage Inc., a countrywide advertising and tv manufacturing corporate primarily based in Des Moines; and Vice President of Marketing for Heritage Communications Inc. in Des Moines.
Rich has gained a lot of entrepreneurial awards in tv manufacturing and advertising, has a bachelor’s level from Iowa State University and is an ISU Foundation Governor Emeritus.
Note from the Lottery Post personnel
Terry Rich is a distinct more or less chief — a distinct more or less individual — this is instantly obvious from the primary time you meet him. The state of Iowa in addition to all the lottery business has been very lucky to have Terry Rich on the helm.
When Terry says in his commentary that the lottery rigging investigation used to be amongst his largest achievements, we need to agree, and we will upload that it used to be an excellent demonstration of the way the lotteries can act in the most productive pursuits of its avid gamers, take responsibility for issues, and paintings to revive self assurance and transparency within the video games.
Everything an excellent chief must do.
We’ll by no means disregard the super recognize Terry confirmed to lottery avid gamers usually when he requested to habits an Ask Me Anything on Lottery Post because the complete intensity of the rigging used to be exposed. It’s stuff we have by no means noticed ahead of within the lottery business, and it supplies a type for different lottery leaders to practice.
We want Terry the perfect in his long term endeavors, and we are hoping that Terry will proceed to stick actively concerned within the lottery business.
Terry has probably needed numerous lottery avid gamers “good luck” over time, so now it is our flip to go back the choose and say “good luck Terry!”