Louisiana Lottery First Quarter Transfers Beat Budget By $11.1 Million

BATON ROUGE – For the first quarter of fiscal year 2024, the Louisiana Lottery Corporation transferred more than $54.6 million to the state treasury, about $4.1 million more than the same quarter last year and exceeding budgeted transfers by over $11.1 million. 
 

“This fiscal year is off to a spectacular start thanks to the excitement generated by back-to-back billion-dollar Powerball and Mega Millions jackpots hit in July and August,” said Lottery President Rose Hudson. “Although it is impossible to predict when these types of top-10 jackpots will occur, we are committed to building on their momentum by providing first-class game experiences that continue to capture our players’ imagination!”
 

With revenue of $172,417,891 the Lottery’s total first-quarter state transfers were $54,642,115. Since the Lottery began operations in 1991, it has brought in almost $13.1 billion in revenue and transferred more than $4.6 billion to the state treasury.
 

Retailers earn 5% sales commission, plus incentives for cashing winning tickets and bonuses for selling big winning tickets. For July through September of 2023, retailer compensation totaled nearly $9.6 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.