Scratch-off Ticket Sales Growth One for the Record Books: 2014 Fiscal Year Transfers Exceed Expectations by $20.9 Million

With more than $450.5 million in revenue for fiscal year 2014, the Louisiana Lottery Corporation transferred $161.6 million to the state treasury for K-12 public education $1.4 million more than last year and second only to 1993 when the Lottery was the only form of gaming in Louisiana.

 

Scratch-off sales alone grew by nearly 10 percent, placing the Louisiana Lottery among the country's top 10 for product line sales growth and helping to add an additional $20.9 million to the state’s coffers than what was budgeted.

 

"While draw-style game sales are often at the mercy of huge national jackpot runs, scratch-off sales growth is largely driven by factors we directly control, including superior game design, a customized consumer-driven product mix and just-in-time inventory management at retail," noted Lottery President Rose Hudson. "I am proud of the work we've done at the Lottery to maximize revenue for our state while upholding the highest standards of integrity and public trust."

 

Besides the state, local businesses that sell Lottery products also benefited with total retailer compensation of more than $25 million for fiscal year 2014, which includes sales commission, incentives for cashing winning tickets and bonuses for selling winning tickets.

 

Fourth quarter figures for fiscal year 2014 show Lottery revenue totaled $104,417,313 with $40,510,770 being transferred to the state treasury. The June transfer included a surplus of $3,965,000 due to operational efficiency.

 

The Louisiana Lottery ranks second among state lotteries in percent of revenue transferred to its government.  In fiscal year 2014, 35.5 percent of Lottery revenue was transferred to the state treasury and dedicated for K-12 public education. Nearly 53 percent of revenue was allocated to prizes for players. At least 5.5 percent was paid to retailers who sell Lottery games, and less than 6 percent was retained by the Lottery for operating costs.

 

The Lottery's total fiscal-year state proceeds were $161,664,700. Since the Lottery began operations in 1991, more than $8 billion in revenue has been generated, primarily from ticket sales. More than $2.8 billion has been transferred to the state treasury.

 

"These results give us all a reason to smile," Hudson added. "As we explore better ways to use technology to manage our business and connect with our players, the future is bright for the Louisiana Lottery."

 

Lottery ticket purchasers must be at least 21 years of age. The Lottery encourages anyone with a gambling problem, or friends of anyone with a gambling problem, to call toll-free 1-877-770-7867 for assistance.