Louisiana Lottery Third Quarter Transfers Up $7.7 Million From Last Year

BATON ROUGE – For the third quarter of fiscal year 2023, the Louisiana Lottery Corporation transferred nearly $55.4 million to the state treasury, about $7.7 million more than the same quarter last year and exceeding budgeted transfers by over $5.8 million.
 

“Sales for the third quarter were strong, thanks to a boost from the excitement generated by the $1.35 billion Mega Millions jackpot hit in January and players’ continued interest in our diverse portfolio of scratch-off games, that now includes a $20 price point,” said Lottery President Rose Hudson. “The Lottery is on track to having its best year ever and will work to ensure a strong fourth quarter finish.”

With revenue of $167,258,763 the Lottery’s total third-quarter state transfers were $55,360,704, bringing total fiscal year-to-date transfers to $168,737,736. Since the Lottery began operations in 1991, it has brought in more than $12.7 billion in revenue and transferred more than $4.5 billion to the state treasury.
 

Retailers earn 5% sales commission, plus incentives for cashing winning tickets and bonuses for selling big winning tickets. For January through March of 2023, retailer compensation totaled nearly $9.4 million, bringing total fiscal-year-to-date retailer earnings to almost $28.3 million.
 

Over the last couple of years, the Lottery began adjusting scratch-off game prize structures, increasing prize payouts, adding more higher price-point games and launching new types of games. This strategy has been well received by players, resulting in net gains for 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, including current and historical financial information, can be found on its website www.louisianalottery.com. Follow the Louisiana Lottery on Facebook at http://www.facebook.com/louisianalottery or on Twitter at www.twitter.com/LALottery for the latest news.