BATON ROUGE – For the first quarter of fiscal year 2019, the Louisiana Lottery Corporation transferred more than $40 million to the state treasury, down $3.3 million from the first quarter of 2018, but exceeding budgeted transfers by over $2 million.
With first-quarter revenue of $116,408,941, the Lottery contributed $40,743,130 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. Nearly 53.7 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 $10.1 billion in revenue has been generated. More than $3.6 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 more than $6.5 million for July through September 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.