The Alberta Lottery Fund is made up of the government's share of net revenues from video lottery terminals, slot machines and ticket lotteries. These revenues total more than $1.5 billion each year, and are used to support thousands of volunteer, public and community-based initiatives annually.

According to the Gaming and Liquor Act, the Alberta Lottery Fund is administered by the Alberta Gaming and Liquor Commission (AGLC). Through an appropriation, money from the Alberta Lottery Fund is transferred by the AGLC into the General Revenue Fund and distributed to departments as part of normal Government of Alberta budget allocations managed by the Treasury Board and Ministry of Finance.