Lottery First Quarter Transfers See 6 Percent Increase

For the first quarter of fiscal year 2016, the Louisiana Lottery Corporation transferred $38.9 million to the state’s coffers, up 6 percent from 2015.

 

"Scratch-off sales continue to be a player favorite with $3 million more in sales than last year, which was a record year for our instant product. Our in-state Lotto game also experienced a 44 percent sales spike thanks to the recent $3.2 million jackpot run, the largest in 17 years," explained Lottery President/CEO Rose Hudson.

 

With first-quarter revenue of $111,152,632 the Lottery contributed $38,903,425 to the state treasury. By law, at least 35 percent of Lottery proceeds are transferred to the state treasury and dedicated for K-12 public education. Roughly 53 percent of sales fund prizes and less than 6 percent is used to operate the Lottery.

 

Retailers earn 5.5 percent compensation, including commission, incentives for cashing winning tickets and bonuses for selling winning tickets, totaling nearly $6.2 million for July through September of 2015. 

 

"For over a decade, the Lottery has experienced annual growth, climbing from $307 million in 2005 to $453 million in 2015. Our goal is to continue this trend in fiscal year 2016 by maximizing revenue for the state through the development of exciting games our players like and strategic operational efficiency," Hudson added.

 

Lottery ticket purchasers must be at least 21 years of age. Anyone with a gambling problem, or friends of anyone with a gambling problem, is encouraged to call toll-free 1-877-770-7867 for assistance. For security purposes, players should sign the back of their tickets after purchasing.