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Iowa Lottery CEO worries about jackpot fatigue

Nov 26, 2018, 7:39 pm

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Iowa Lottery CEO Terry Rich says due to recent "jackpot runs" for Powerball and Mega Millions, Iowa Lottery sales and profits are running about a month ahead of projections.

"We're still, per capita, are in the middle in the number of dollars spent per person," Rich says. "You go to the east coast, it's probably three or four times per person what they spend on lottery and gaming than what we do in Iowa."

A recent $1.5 billion Mega Millions jackpot was won by a player in South Carolina. A woman in Redfield, Iowa, recently claimed half of a nearly $690 million jackpot for the October 27 Powerball drawing. Rich says "jackpot fatigue" is a concern, as players now expect those huge prizes.

"Used to be at $10 million we had lines out the door," Rich says. "Now, it's probably $400 million before even the press start taking a look at it."

Rich delivered a financial report to the governor last week. Officials project the Iowa Lottery will submit $70 million in profits to the state treasury in the next budgeting year. About 2400 Iowa retailers sell Lottery products. Those retailers will be paid about $22 million dollars in commissions this year, according to Rich.

Despite all the chatter about the multi-state jackpot games of Powerball and Mega Millions, the Iowa Lottery consistently makes more from sales of scratch games.

Radio Iowa

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9 comments. Last comment 2 years ago by Think.
Page 1 of 1
Avatar
Chasing $ Millions.
White Shores- California
United States
Member #136473
December 12, 2012
6274 Posts
Offline
Posted: November 26, 2018, 10:43 pm - IP Logged

You got that right Terry!

 

asleep GIF

 * Voice of Reason *   

 

People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

    Avatar
    Florida
    United States
    Member #186825
    January 2, 2018
    285 Posts
    Offline
    Posted: November 26, 2018, 11:01 pm - IP Logged

    You got that right Terry!

     

    asleep GIF

    NG I don't know what that animal is, but that is kind of funny lol.

      Avatar

      United States
      Member #180549
      March 12, 2017
      188 Posts
      Offline
      Posted: November 27, 2018, 10:55 am - IP Logged

      “Can’t win” is extremely strong with this current PB and MM run.

        Avatar
        Central TN
        United States
        Member #192920
        October 16, 2018
        76 Posts
        Offline
        Posted: November 27, 2018, 11:59 am - IP Logged

        Also on lotto America. Jackpot at $11 million and climbing.

          mikeintexas's avatar - h87TsB4
          Texas Panhandle
          United States
          Member #136839
          December 20, 2012
          1660 Posts
          Offline
          Posted: November 27, 2018, 12:18 pm - IP Logged

          NG I don't know what that animal is, but that is kind of funny lol.

          I don't know either, but thanks to the Internet, I should be able to ferret out an answer.  I'll get back to you.

          Epstein didn't kill himself.

            music*'s avatar - DiscoBallGlowing
            Fresno, California
            United States
            Member #157851
            August 2, 2014
            3923 Posts
            Offline
            Posted: November 27, 2018, 5:41 pm - IP Logged

            "the Iowa lottery consistently makes more from the sales of scratch games". This is why I do not play scratchers or as the Aussies say, Scratchies.

             I am content on not giving my money to the State that sells scratch-offs. I will stay with MM & PB.

            Good Luck!Roll Eyes

             "We are all in this together!" 

              bobby623's avatar - abstract
              San Angelo, Texas
              United States
              Member #1097
              January 31, 2003
              1648 Posts
              Offline
              Posted: November 27, 2018, 5:54 pm - IP Logged

              Maybe this is the first story that will eventually lead to a matrix change for one or both games.
              The next story will be one where a group of unknown players will say that they think adding balls to the games is a good idea and will provide
              higher jackpots.
              The unknown players will no doubt be lottery employees.

                music*'s avatar - DiscoBallGlowing
                Fresno, California
                United States
                Member #157851
                August 2, 2014
                3923 Posts
                Offline
                Posted: November 27, 2018, 6:03 pm - IP Logged

                Maybe this is the first story that will eventually lead to a matrix change for one or both games.
                The next story will be one where a group of unknown players will say that they think adding balls to the games is a good idea and will provide
                higher jackpots.
                The unknown players will no doubt be lottery employees.

                Green laughI Agree!

                 "We are all in this together!" 

                  Think's avatar - lightbulb
                  Marquette, MI
                  United States
                  Member #20540
                  August 20, 2005
                  879 Posts
                  Offline
                  Posted: November 28, 2018, 1:15 pm - IP Logged

                  Here Come Better Odds with New Matrixes at $3 per ticket and $2 PowerPliers