“The Lottery team is pleased to have exceeded budgeted transfers to the state during the first three quarters of this fiscal year,” said Lottery President Rose Hudson. “We will continue our efforts to maximize revenue for the state of Louisiana during the next three months and are looking forward to a strong finish to wrap up this year.”
Bringing year-to-date contributions to $130.7 million, the Louisiana Lottery Corporation transferred $45.6 million to the state treasury during the third quarter of fiscal year 2018, up $4 million from the third quarter of fiscal year 2017 and exceeding budgeted transfers by more than $2 million.
With third-quarter revenue of $130,365,568, the Lottery contributed $45,627,950 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. Since the Lottery began operations in 1991, more than $9.8 billion in revenue has been generated, primarily from ticket sales. More than $3.5 billion has been transferred to the state treasury.
Retailers earn 5.6 percent in compensation, including commission, incentives for cashing winning tickets and bonuses for selling winning tickets, totaling more than $7.2 million for January through March of 2018.
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.