“This fiscal year is off to a great start thanks to strong scratch-off sales and a sales bump caused by the excitement around the historic $758.7 million Powerball jackpot in August,” said Lottery President Rose Hudson. “The Lottery team recognizes the importance of its mission to maximize revenue for Louisiana and will continue to work hard to ensure that the goals we’ve set for ourselves are met.”
BATON ROUGE – For the first quarter of fiscal year 2018, the Louisiana Lottery Corporation transferred more than $44 million to the state treasury, up approximately $5 million from the first quarter of fiscal year 2017 and exceeding budgeted transfers by over $7 million.
With first-quarter revenue of $125,917,106, the Lottery contributed $44,070,990 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 funds prizes, and less than 6 percent is used to operate the Lottery. Since the Lottery began operations in 1991, more than $9.6 billion in revenue has been generated, primarily from ticket sales. More than $3.4 billion has been transferred to the state treasury.
Retailers earn 5.5 percent compensation, including commission, incentives for cashing winning tickets and bonuses for selling winning tickets, totaling more than $6.8 million for July through September of 2017.
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.
More information on the Louisiana Lottery can be found on its website www.louisianalottery.com/about, on Facebook at www.facebook.com/louisianalottery or on Twitter at www.twitter.com/LALottery.