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Oregon Lottery sales hit record $1 billion

Oregon LotteryOregon Lottery: Oregon Lottery sales hit record $1 billion

It's official: the Oregon Lottery surpassed $1 billion in sales this past year.

It's the first time since the Oregon Lottery started in April 1985 that sales for the year that ended June 30 surpassed the mark.

For the previous year, sales were a record $937 million.

Record sales also meant a record transfer of $483.6 million to the state economic-development fund. About one-third of that money is earmarked by voters for an education reserve fund, parks, watershed enhancements and salmon-habitat restoration. Most of the rest goes to education and economic development, including bonds authorized by the Legislature.

The 2005 record for transfers was $415.8 million.

Nearly $4.8 billion has gone to those programs in the lottery's 21-year history. The rest goes to prizes.

Earlier this year, officials had projected that the Oregon Lottery would break $1 billion in sales.

When voters approved the Oregon Lottery in 1984, a ballot measure said the goal was to maximize profits for the state.

"That mission remains the same today," Lottery Director Dale Penn said.

Also setting sales records were video games and Powerball, the multistate lottery game.

Fueled last year by the introduction of electronic slots known as "line games," video-game sales increased 24 percent in the past year to set a record of $728.8 million for the year ending June 30.

Powerball drew $58.8 million in sales, a 68 percent increase from the previous year.

Nineteen of the top 20 sales weeks for the Oregon Lottery were recorded during the past year.

Statesman Journal

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4 comments. Last comment 10 years ago by CASH Only.
Page 1 of 1

United States
Member #16612
June 2, 2005
3493 Posts
Offline
Posted: August 17, 2006, 12:13 am - IP Logged

I hope the sales will keep it up in Oregon. What was the cause why Oregon sales hit over $1 billion.

    dvdiva's avatar - 8ball

    United States
    Member #2338
    September 17, 2003
    2063 Posts
    Offline
    Posted: August 17, 2006, 12:23 am - IP Logged

    I'd say their video games like video poker are a huge source of that income. They have very well run video, keno and electronic games. I just wish the prizes weren't subject to the onerious Oregon state income tax.

      weshar75's avatar - Lottery-042.jpg
      Mcminnville, Oregon
      United States
      Member #3013
      December 13, 2003
      3047 Posts
      Offline
      Posted: August 17, 2006, 12:29 am - IP Logged

      Well I would say one thing about Oregon.  We are a small state but we have alot of people that like to gamble.  Our number one tourist attraction in Oregon is Spirit Mountain Casino which is run by the Grand Ronde Tribe.  Man I love that place!-weshar75


        United States
        Member #379
        June 5, 2002
        11296 Posts
        Offline
        Posted: August 17, 2006, 12:00 pm - IP Logged

        OR Lose for Life _does_not_ have a cash option. Neighboring Washington state has a $750,000 cash option in its Lucky for Life scratch.