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Texas Lottery reports record-breaking 2013

Texas LotteryTexas Lottery: Texas Lottery reports record-breaking 2013
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AUSTIN, Tx. — The Texas Lottery Commission today reported record results for fiscal year 2013, its best year for sales and revenue in the Lottery's 21-year history.

Sales of $4.376 billion topped the previous sales record of $4.19 billion set in 2012 and resulted in a total contribution of $1.214 billion to the state of Texas, the Lottery's single largest transfer of revenue to the state, including a contribution of $1.149 billion to the Foundation School Fund.

"This is the 10th consecutive year that the Texas Lottery generated more than $1 billion in contributions to the state of Texas," said Gary Grief, executive director of the Texas Lottery. "We are thrilled to have surpassed our previous revenue record and I want to thank all of our players, retailers, vendors and staff for this outstanding achievement."

The Texas Lottery's sales for fiscal year 2013 saw an increase of $185.5 million over sales for fiscal year 2012 with increases across its game portfolio. Scratch-off ticket sales totaled more than $3.22 billion, the highest instant ticket sales in Texas Lottery history. Sales for the Texas Lottery's draw games, which include Powerball, Mega Millions, Lotto Texas, Texas Two Step, Pick 3, Daily 4, Cash Five and All or Nothing totaled more than $1.15 billion, the highest draw sales since fiscal year 2004.

Sales of the Veterans Cash scratch-off game resulted in $6.2 million for the Fund for Veterans' Assistance, which is administered by the Texas Veterans Commission. Other Texas Lottery funds, including unclaimed prizes, resulted in a transfer of $59.9 million to other state programs.

In addition to robust sales, the Texas Lottery's careful spending kept administrative expenses to an all-time record low of 4.4 percent of fiscal year 2013 sales.

Texas Lottery players had a great year as well, with a record $2.77 billion collected in cash and merchandise prizes, surpassing the past record of $2.63 billion set in fiscal year 2012.

For the state's more than 17,000 Texas Lottery retailers that collect a five percent commission on every lottery sale, those commissions amounted to a record $218.9 million in 2013.

On top of the record-setting sales, prizes, commissions and revenue increases, other highlights for fiscal year 2013 include:

  • In January, the Texas Lottery surpassed $15 billion in transfers to the Foundation School Fund.
  • Texas saw its first ever Powerball jackpot prize winner and its 10th Mega Millions jackpot prize winner.
  • The world-record $590.5 million Powerball jackpot for the May 18 drawing and other large Powerball jackpots.

"We are extremely pleased with the results of the last fiscal year," said J. Winston Krause, chair of the Texas Lottery Commission. "The Texas Lottery continues to set new standards of excellence in its mission to generate revenue for the state of Texas, and we're looking forward to continued success."

Press Release

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11 comments. Last comment 8 months ago by LottoBoner.
Page 1 of 1
helpmewin's avatar - dandy
u$a
United States
Member #106669
February 22, 2011
17055 Posts
Offline
Posted: November 19, 2013, 6:54 pm - IP Logged

"This is the 10th consecutive year that the Texas Lottery generated more than $1 billion in contributions to the state of Texas," said Gary Grief, executive director.

 

Congratulations Texas Lottery everything is BIGGER in Texas Party

                 

    mypiemaster's avatar - peace
    He who dies with the most toys WINS!!!.

    United States
    Member #141039
    April 2, 2013
    722 Posts
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    Posted: November 19, 2013, 7:36 pm - IP Logged

    Wow, the fat lady ate, 12 extra cheeseburgers and a bucket of ice cream, and gained another 15 pounds. Naaaaaaaaaaahhh, no biggie.Hurray!

    Seekand ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1

    Having Money Solves Problems That Not Having Money Creates Yes Nod ****John Carlton****


      United States
      Member #130820
      July 25, 2012
      1636 Posts
      Offline
      Posted: November 19, 2013, 7:42 pm - IP Logged

      Sounds like their sales are growing with the population like everything else...more people playing means more profits

        Nikkicute's avatar - nnjx1k
        RIGHT HERE!!
        United States
        Member #123295
        February 17, 2012
        2144 Posts
        Online
        Posted: November 19, 2013, 7:42 pm - IP Logged

        LOL!!! and some LP members think lotto employees hang around here watching out for

        winning systems, scared someone may win too much and the lotto might go broke lol

        No worries people, they are making $$$$ !!!LOL

        ...the secret to Luck is never to trust it...

        2012 wins:$20 loss:$200  2013 wins:$100 loss:$270.00

        2014 Jan $0 (no play) Feb $0/$46 March $280/$58 April $80/$47 May $0/$35 June $0/$32

                July $0/$11 August (no play)

        -$218.00

          dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
          Oklahoma
          United States
          Member #82391
          November 12, 2009
          5273 Posts
          Offline
          Posted: November 19, 2013, 7:59 pm - IP Logged

          I know when I go I always play in Texas.

          I Love Pink & Green 1908

            Todd's avatar - Cylon 2.gif
            Chief Bottle Washer
            New Jersey
            United States
            Member #1
            May 31, 2000
            21506 Posts
            Offline
            Posted: November 19, 2013, 8:50 pm - IP Logged

            I know when I go I always play in Texas.

            I Agree!  Me too!

             

            Check the State Lottery Report Card
            What grade did your lottery earn?

             

            Sign the Petition for True Lottery Drawings
            Help eliminate computerized drawings!

              RedStang's avatar - 55CHEVYCustom zpsff17f2e3.jpg
              Dutchess , NY
              United States
              Member #121966
              January 21, 2012
              2588 Posts
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              Posted: November 20, 2013, 10:32 am - IP Logged

              Scratch-off ticket sales totaled more than $3.22 billion, the highest instant ticket sales in Texas Lottery history. 

              That's alot of cardboard junkies. Must be those 50$ tickets.

                LottoMetro's avatar - Lottery-024.jpg
                Happyland
                United States
                Member #146350
                September 1, 2013
                560 Posts
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                Posted: November 20, 2013, 10:41 am - IP Logged

                Scratchers are hugely popular in Texas. Instant ticket sales are nearly 3 times larger than draw sales. They raked in over $60 million just last week alone.

                If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the payoff does.

                If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

                2013: -35.14% (158 tickets) || 2014: +20.00% (13 tickets)

                  Teddi's avatar - Lottery-008.jpg

                  United States
                  Member #142504
                  May 13, 2013
                  585 Posts
                  Offline
                  Posted: November 21, 2013, 5:32 am - IP Logged

                  Bloody hell, that's an insane aount of money. Can't even wrap my brain around that much. I'd love to see the numbers on NJ, GA and CA.

                    Avatar
                    Texas
                    United States
                    Member #132460
                    September 4, 2012
                    483 Posts
                    Offline
                    Posted: December 21, 2013, 3:46 am - IP Logged

                    Congratulations! I am sure a lot of government educational projects will be funded because of their revenue. I agree that they have to commend their staff for doing a great job. I hope their revenue will be higher next year.


                      United States
                      Member #124498
                      March 14, 2012
                      7024 Posts
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                      Posted: December 21, 2013, 3:57 am - IP Logged

                      Sounds like their sales are growing with the population like everything else...more people playing means more profits

                      B2B, how I miss you so, let me count the ways,

                      DeadDeadDead

                      Three ways is all.

                      What is puzzling to me, is that Texas would report record breaking sales in 2013 EVEN B4 the year has ended. 

                      Seems like a pre-meditatated accounting fix if you ask me.  I mean did these sales even include the recent MM buying frenzy? Of course not!!!  (BTW, That was a rhetorical question for those who still use words instead of FB dumbspeak and texting BS.  )

                      "The stars are bright!, but something aint right! deep in the heart of TEXAS~!!!!!GuitarDrum