The Hoosier Lottery, Indiana’s state lottery, is helping raise awareness for National Financial Literacy Month this April as the COVID-19 pandemic brings even more challenges to many individuals and families.
Established in April 2004, National Financial Literacy Month highlights the importance of understanding financial decision making and aims to teach Americans how to create and maintain good financial habits.
The Hoosier Lottery, a recipient of the highest level of certification by the World Lottery Association for the promotion of responsible gaming and programming, will use National Financial Literacy Month to emphasise positive play.
April continues a three-month support effort from the lottery, which includes Problem Gambling Awareness Month in March and Beneficiary Appreciation Month in May.
As part of the initiative, the Hoosier Lottery will continue to offer a free financial literacy course and is launching a Track Your Play Calculator. Additional efforts include a Positive Play Quiz, promotion of responsible gaming through all product offerings, and the creation of a Responsible Gaming Committee in collaboration with Indiana gaming industry leaders, a sub-committee within the Indiana Council on Problem Gambling.
The lottery first teamed up with Ivy Tech Community College in 2014 to design a free financial literacy online course that provides an understanding of how money fits into everyday life plus gives the knowledge needed to play lottery games positively.
Executive Director Sarah M Taylor commented: “The course was designed to achieve a dual role. Each short course navigates important money related topics to help you learn how to control your finances before they control you.”
The four free courses range in length from 25 to 40 minutes each and cover a variety of topics to help participants make educated financial decisions, including how to read a credit report, make wise investments, plan a budget, as well as providing tips for buying a car, picking a mortgage lender, and choosing the right financial institution for individual needs.
Lottery players can find resources about positive play, responsible gaming and financial literacy, including the Financial Literacy Course offerings and the new Play Calculator, a positive play tool designed to help players calculate how much they are spending while playing lottery games.