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NJ Lottery sets new sales record of $2.6B

New Jersey LotteryNew Jersey Lottery: NJ Lottery sets new sales record of $2.6B

TRENTON, N.J. — The New Jersey Lottery has set a new sales record.

Officials say the agency pulled in about $2.6 billion in the last fiscal year. That's $31.5 million more than the previous year, and marks the fourth straight year with sales over $2.5 billion.

"It's been on the rise consistently for 40 years," lottery spokeswoman Judith Drucker said. "Of course, having record-breaking, historic Mega Millions jackpots doesn't ever hurt."

Prize winners get most of that money, but the lottery generated $930 million for the state, or about $6 million more than the previous year.  That provides aid for education, funding for psychiatric hospitals and centers for the developmentally disabled, and to homes for disabled veterans, officials said.

New Jerseyans have a lucky streak going, Drucker said. After the state entered the Powerball lottery in January 2010, joining 41 states and two territories, a Morris County resident won a $211 million jackpot two months later.

"It was a good omen, and it was a big one as well," Drucker said.

Lottery ticket sales are the fourth-largest revenue source for the state.

The state's most popular game was Pick 3, which brought in $435 million, the same as the previous year.

Powerball ticket sales were up 87 percent, from $71 million in fiscal year 2010 to $133 million in fiscal year 2011, according to the state's new report. Mega Millions revenue slipped from $307 million to $231 million.

Lottery ticket sales are the fourth-largest revenue source for the state.

Trends are holding up in the current year, especially because of larger-than-life jackpots such as the $656 million prize that was split among three Mega Millions winners last month.

This March, a $70 million Powerball jackpot ticket was sold in Little Silver.

AP

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14 comments. Last comment 5 years ago by haymaker.
Page 1 of 1
RedStang's avatar - tallman zps6gf4inoc.jpg
NY
United States
Member #121961
January 21, 2012
3157 Posts
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Posted: May 7, 2012, 12:42 pm - IP Logged

They can thank big dreams, desperate times, and quickly rising jackpots. I remember when it took months to get to 10mill. Never thought i would see 20-30$ scratch-offs.

    maximumfun's avatar - Lottery-030.jpg
    Lavender Rocket

    United States
    Member #124616
    March 16, 2012
    2642 Posts
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    Posted: May 7, 2012, 2:22 pm - IP Logged

    Way to go NJ!  so it seems that SOME states who haven't privatized are doing a bang up job of their lottery sales and projection of sales... or is NJ already in the hands of a private firm for lottery???

      haymaker's avatar - Lottery-012.jpg
      Egg Harbor twp.south Jersey shore
      United States
      Member #112968
      June 29, 2011
      3856 Posts
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      Posted: May 7, 2012, 4:28 pm - IP Logged

      Jersey lottery is still run by the state, one of very few things done right here.

      The last Gov. Jon Corzine, wanted to privitize it, but ,

      we ran him outta town on rail before he got a chance.

      Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

        dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
        Oklahoma
        United States
        Member #82391
        November 12, 2009
        6290 Posts
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        Posted: May 7, 2012, 7:07 pm - IP Logged

        Jersey lottery is still run by the state, one of very few things done right here.

        The last Gov. Jon Corzine, wanted to privitize it, but ,

        we ran him outta town on rail before he got a chance.

        WTG NJ, see what happens when you get the right Govenor in placeThumbs Up

        I Love Pink & Green 1908

          rdgrnr's avatar - walt
          Way back up in them dadgum hills, son!
          United States
          Member #73904
          April 28, 2009
          14903 Posts
          Offline
          Posted: May 8, 2012, 1:37 am - IP Logged

          Jersey lottery is still run by the state, one of very few things done right here.

          The last Gov. Jon Corzine, wanted to privitize it, but ,

          we ran him outta town on rail before he got a chance.

          I'm sure Corzine(D) means well, he's just got a bad memory.

          He just can't remember where he put that one and a half billion dollars of his clients' money right now.

          Although he did just give the President(D) half a million.

          In case he needs a pardon.


                                                       
                               
                                                   

           

           

           

           

                                                                                                             

          "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                      --Edmund Burke

           

           

            Boney526's avatar - NjlpLogo
            New Jersey
            United States
            Member #99032
            October 18, 2010
            1439 Posts
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            Posted: May 8, 2012, 5:59 pm - IP Logged

            I'm sure Corzine(D) means well, he's just got a bad memory.

            He just can't remember where he put that one and a half billion dollars of his clients' money right now.

            Although he did just give the President(D) half a million.

            In case he needs a pardon.

            hahahaha.

             

            Corzine did a few decent things and many horrible things.  Unfortunately everybody on the left saw past his political sherade in the state, and voted in Christie (in the words of most NJ Democrats I know who voted for him they wanted things to "get shaken up.")  Trouble is, that lots of them will oppose Christie in 2013, so I guess we'll see what happens to him then.

             

            Obama ran an ad in 2008 with Corzine, and most young people that saw it had at least a little distain for Obama upon seeing it.  Even though it's a Blue State, Corzine is not thought highly of here anymore.

             

            As for the NJ Lottery pulling the 2.6 billion, I would have expected about that.  People in NJ seem to love Lottery, and we do good.  It's one of the FEW things the state has managed to do effeciently.  At least this was a voluntarily service that generated revenue, rather than taxation.

             

            Can you imagine if services were voluntary and profitable?  Oh wait, that's called a business.

              haymaker's avatar - Lottery-012.jpg
              Egg Harbor twp.south Jersey shore
              United States
              Member #112968
              June 29, 2011
              3856 Posts
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              Posted: May 8, 2012, 7:54 pm - IP Logged

              hahahaha.

               

              Corzine did a few decent things and many horrible things.  Unfortunately everybody on the left saw past his political sherade in the state, and voted in Christie (in the words of most NJ Democrats I know who voted for him they wanted things to "get shaken up.")  Trouble is, that lots of them will oppose Christie in 2013, so I guess we'll see what happens to him then.

               

              Obama ran an ad in 2008 with Corzine, and most young people that saw it had at least a little distain for Obama upon seeing it.  Even though it's a Blue State, Corzine is not thought highly of here anymore.

               

              As for the NJ Lottery pulling the 2.6 billion, I would have expected about that.  People in NJ seem to love Lottery, and we do good.  It's one of the FEW things the state has managed to do effeciently.  At least this was a voluntarily service that generated revenue, rather than taxation.

               

              Can you imagine if services were voluntary and profitable?  Oh wait, that's called a business.

              Boney526

              I know several ppl. that have quit playing,

              I think that why our pic6 JP grows so slowly, in my memory seems like it used to grow faster.

              it has'nt hit since 12/15/11 the last week of fall, now its spring, we gone over 40 draws.

              now around 15 mils. i think its due for a hit, this is the point where the occasional player come out.

              Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

                Boney526's avatar - NjlpLogo
                New Jersey
                United States
                Member #99032
                October 18, 2010
                1439 Posts
                Offline
                Posted: May 8, 2012, 9:57 pm - IP Logged

                Boney526

                I know several ppl. that have quit playing,

                I think that why our pic6 JP grows so slowly, in my memory seems like it used to grow faster.

                it has'nt hit since 12/15/11 the last week of fall, now its spring, we gone over 40 draws.

                now around 15 mils. i think its due for a hit, this is the point where the occasional player come out.

                I've pretty much stopped playing.

                 

                I am now buying a couple tickets for Pick 6, because it's getting up there now.

                  haymaker's avatar - Lottery-012.jpg
                  Egg Harbor twp.south Jersey shore
                  United States
                  Member #112968
                  June 29, 2011
                  3856 Posts
                  Offline
                  Posted: May 9, 2012, 2:16 pm - IP Logged

                  I'm sure Corzine(D) means well, he's just got a bad memory.

                  He just can't remember where he put that one and a half billion dollars of his clients' money right now.

                  Although he did just give the President(D) half a million.

                  In case he needs a pardon.

                  Corzine: i can't remember where i put that one and a half-bil.

                   

                  yea, i hate it when that happens.  LOL

                  Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

                    haymaker's avatar - Lottery-012.jpg
                    Egg Harbor twp.south Jersey shore
                    United States
                    Member #112968
                    June 29, 2011
                    3856 Posts
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                    Posted: May 11, 2012, 1:18 pm - IP Logged

                    I've pretty much stopped playing.

                     

                    I am now buying a couple tickets for Pick 6, because it's getting up there now.

                    It rolled again, now over 16Mils.

                    the occasional players should be coming out now.

                    thats if it comes to their attention.

                    Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

                      haymaker's avatar - Lottery-012.jpg
                      Egg Harbor twp.south Jersey shore
                      United States
                      Member #112968
                      June 29, 2011
                      3856 Posts
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                      Posted: May 13, 2012, 7:23 pm - IP Logged

                      It rolled again, now over 16Mils.

                      the occasional players should be coming out now.

                      thats if it comes to their attention.

                      The last 4 times it hit it was lower,

                      3.5 on 12/15 /11

                      2.4 on 11/7/11

                      4.0 on 10/24/11

                      12.2 on 9/1/11

                      now over 16mils./w a lump sum of 11.9 after 45.8% taxes are taken out, still have 6.4 mils.

                      I can't go crazy w/ it but i certainly can give up being a wage slave.

                      Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

                        grwurston's avatar - 144
                        Let's Go Rangers!!!
                        bel air maryland
                        United States
                        Member #90251
                        April 24, 2010
                        4884 Posts
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                        Posted: May 13, 2012, 7:36 pm - IP Logged

                           If N.J. is making so much money in the lottery then why do they still use paramutual payouts? That doesn't seem so good for 

                           the people that play the lottery and who are contributing their hard earned money.

                        "You can observe a lot just by watching." Yogi Berra, Hall of Fame baseball player.

                        The numbers will tell you what numbers to play. Pay attention to the numbers.

                        Don't just think outside the box, crush it.

                          maximumfun's avatar - Lottery-030.jpg
                          Lavender Rocket

                          United States
                          Member #124616
                          March 16, 2012
                          2642 Posts
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                          Posted: May 14, 2012, 12:04 am - IP Logged

                             If N.J. is making so much money in the lottery then why do they still use paramutual payouts? That doesn't seem so good for 

                             the people that play the lottery and who are contributing their hard earned money.

                          Maybe that is one of the reasons that NJ is making so much money...

                            haymaker's avatar - Lottery-012.jpg
                            Egg Harbor twp.south Jersey shore
                            United States
                            Member #112968
                            June 29, 2011
                            3856 Posts
                            Offline
                            Posted: May 14, 2012, 10:08 pm - IP Logged

                               If N.J. is making so much money in the lottery then why do they still use paramutual payouts? That doesn't seem so good for 

                               the people that play the lottery and who are contributing their hard earned money.

                            Not sure what you mean,

                            why are paramutuel payouts bad ?

                            Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.