A lottery ticket dispenser includes a number of ticket bins mounted in a housing of the dispenser. The ticket bins hold a fanfold stack of tickets proximate a transparent front panel of the dispenser for optimum visibility. The ticket bins are adjustably mounted in the dispenser for proper positioning in one of a variety of positions depending upon the size and configuration of the stack of fanfold tickets. The tickets are transported from the ticket stack upwardly over a guide by a ticket transport mechanism for processing by a powered separator to separate the adjacent tickets apart prior to dispensing. Excessive stress is not placed on the tickets which in prior art dispensers resulted in prematurely bursting the perforated joints apart or damaging the tickets.