Lottery First Quarter Transfers Down Following Record Year

For the first quarter of fiscal year 2020, the Louisiana Lottery Corporation transferred $39.1 million to the state treasury, down $1.6 million from the same quarter last year.
 

“Sales figures for this fiscal year are currently down due to a lack of the large Powerball and Mega Millions jackpots occurring during the last three months," explained Lottery President Rose Hudson, "even though scratch-off sales continued to climb, up 4.5% over last year. Although they are unpredictable, the power of large jackpots to influence overall sales cannot be understated.” 
 

With first-quarter revenue of $111,751,634, the Lottery contributed $39,113,070 to the state treasury about $737,000 off pace with budget projections. By law, at least 35% of Lottery proceeds are transferred to the state treasury and dedicated for K-12 public education. Roughly 53% of sales fund prizes and less than 6% is used to operate the Lottery.
 

Retailers earn 5.5% compensation, including commission, incentives for cashing winning tickets and bonuses for selling winning tickets, totaling more than $6.2 million for July through September of 2019. 

Since its inception in 1991, the Lottery has transferred more than $3.7 billion to the state.
 

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, on Facebook at www.facebook.com/louisianalottery or on Twitter at www.twitter.com/LALottery.