Halfway Through Fiscal Year, Lottery Transfers to State Up $6.8 Million

BATON ROUGE – For the second quarter of fiscal year 2018, the Louisiana Lottery Corporation transferred more than $41 million to the state treasury, bringing total year-to-date contributions to $85 million, up $6.8 million from the first two quarters of fiscal year 2017 and exceeding budgeted transfers by more than $3.5 million. 
 

“Sales for this fiscal year remain strong thanks to historic Powerball and Mega Millions jackpots, and a high demand for our scratch-off games,” said Lottery President Rose Hudson. “The Lottery team is proud of what we have been able to give back so far this fiscal year and will continue working hard to maximize revenue for the state of Louisiana. 
 

With second-quarter revenue of $117,162,253, the Lottery contributed $41,006,790 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 $9.7 billion in revenue has been generated, primarily from ticket sales. More than $3.4 billion has been transferred to the state treasury.
 

Retailers earn 5.6 percent compensation, including commission, incentives for cashing winning tickets and bonuses for selling winning tickets, totaling nearly $6.6 million for October through December 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.