Louisiana Lottery overtakes its record in the first
full fiscal year, which generated estimated revenue of $508.3 million. Louisiana Lottery broke the record after 23
years, when they generated $494.7 million back in 1993.
“After six consecutive years of growth, the Lottery
achieved a new all-time high. Although this is certainly an impressive
feat in today’s saturated gaming marketplace, our true satisfaction comes in
knowing we are accomplishing our mission to raise funds for Louisiana K-12
public education” Said by Lottery President Rose Hudson.
As per the law, at
least 35 percent of lotteries sale go to the state. It is estimated about $177.9 has been transferred
back to the state during the fiscal year that ended on June 30, 2016. The amount surpassed $27 million more than the anticipated budget.
According to the data
revealed, scratch off sales were up by 4.9 percent, compared to previous
year. A world-record $1.58 billion
jackpot forced powerball game sales up by astonishing 45.5 percent.
“Twenty-five
years of raising recurring revenue for the state while promoting a responsible
approach to recreational gaming is something to celebrate,”- Hudson. “That’s why on September 6, 25 years to the day of our first day of sales we will launch a unique
anniversary edition of our popular multiplier family of scratch-offs giving our
players more fun and more ways to win.”