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Lottery sales in Pa. hit record $3 billion

Pennsylvania LotteryPennsylvania Lottery: Lottery sales in Pa. hit record $3 billion

Pennsylvania Lottery sales for the 2005-06 fiscal year reached a record $3.07 billion, Gov. Rendell said yesterday.

Sales grew by $425 million, the largest dollar increase in the lottery's 34-year history, leaving the agency with a $400 million surplus. The state will use half that money to expand property-tax and rent-rebate programs for senior citizens, said Stephanie Weyant, a spokeswoman for the state Revenue Department.

The expanded rebates will go out in 2007 to pay for the 2006 tax year.

Lottery officials have taken numerous steps in recent years to boost sales to meet the escalating costs of the senior citizen programs that the games subsidize.

Lottery-subsidized programs also include prescription-drug assistance and free and reduced-fare public transportation. In the new budget year, lottery revenues also will help pay for long-term nursing care.

In 2002, Pennsylvania joined the multistate Powerball lottery, which features jackpots in the hundreds of millions of dollars. The state lottery also has introduced "Gus the Groundhog" as a new pitchman; expanded its retailer ranks by 20 percent, in part by installing new automated machines; and rolled out several new online games with better odds.

Once newly legalized slot-machine facilities are operating, slots revenue is supposed to be used for the rebate expansion; that money may become available in 2008. At the same time, the lottery will face competition from slot machines.

Pennsylvania Lottery officials have expressed confidence that lottery sales will remain strong, but the state budget office has projected annual sales increases of 1 percent or less starting July 1, 2007.

Lottery Sales

Annual Pennsylvania Lottery sales over the last decade:

1995-96: $1.6 billion

1996-97: $1.7 billion

1997-98: $1.7 billion

1998-99: $1.7 billion

1999-00: $1.7 billion

2000-01: $1.8 billion

2001-02: $1.9 billion

2002-03: $2.1 billion

2003-04: $2.4 billion

2004-05: $2.6 billion

2005-06: $3.07 billion

AP

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2 comments. Last comment 10 years ago by CASH Only.
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North Brunswick NJ
United States
Member #39013
May 8, 2006
12221 Posts
Offline
Posted: August 2, 2006, 8:27 am - IP Logged

Lottery officials have taken numerous steps in recent years to boost sales to meet the escalating costs of the senior citizen programs that the games subsidize.

Lottery-subsidized programs also include prescription-drug assistance and free and reduced-fare public transportation. In the new budget year, lottery revenues also will help pay for long-term nursing care

 

The AARP will be glad to hear that.


    United States
    Member #379
    June 5, 2002
    11296 Posts
    Offline
    Posted: August 2, 2006, 12:28 pm - IP Logged

    I don't think Unlucky for Life helped with the record sales. I bet a number of PA scratch games sell better than UfL.