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Wednesday, July 17, 2019

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Louisiana Lottery's first quarter transfer to state up

Louisiana Lottery's first quarter transfer to state up

BATON ROUGE, La. (AP) — For the first quarter of fiscal year 2016, the Louisiana Lottery Corporation has transferred $38.9 million to the state's coffers, up 6 percent from 2015.

Lottery President and CEO Rose Hudson, in a news release Tuesday, says scratch-off sales continue to be a player favorite with $3 million more in sales than last year. She says the in-state Lotto game also has experienced a 44 percent sales spike thanks to a recent $3.2 million jackpot run, the largest in 17 years.

With first-quarter revenue of $111,152,632 the Lottery contributed $38,903,425 to the state treasury.

At least 35 percent of lottery proceeds are transferred to the 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.

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