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Texas Lottery generated more than $100 million in one week from scratch-off ticket sales

Jan 7, 2019, 8:51 am

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Texas LotteryTexas Lottery: Texas Lottery generated more than $100 million in one week from scratch-off ticket salesRating:

The Texas Lottery has, for the first time in its history, sold more than $100 million in scratch ticket sales in just one week. From Dec. 23, 2018 to Dec. 29, 2018, scratch ticket sales totaled $100,776,586, shattering the old record of $99,679,358 achieved in March of 2018.

"This is a very special time for the Texas Lottery as we continue to experience unprecedented growth and we are especially thrilled to celebrate this tremendous record week of scratch ticket sales," said Gary Grief, executive director of the Texas Lottery. "Revenue generated from these games supports public education and veterans in Texas," said Grief.

The Texas Lottery has already generated $1.5 billion in scratch ticket sales thus far in FY 2019 and is on pace to shatter its previous annual scratch ticket sales record of $4.42 billion for FY 2018.

"Our scratch ticket sales have reached unprecedented levels during the current fiscal year, a testament to our strategic game planning and the extraordinary teamwork among our staff, vendors and retailers. As we continue to introduce fun and innovative scratch ticket games to our players, and our draw games continue to perform, we're on pace for another record-breaking year for total sales and revenue to the state." Grief said.

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27 comments. Last comment 1 year ago by TheMeatman2005.
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Zimbabwe
Member #21
December 7, 2001
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Posted: January 7, 2019, 8:56 am - IP Logged

Scratchers tend to be the lottery industry's cash cow.

.

    reddog's avatar - Snapshot 20120517.JPG
    Durham, North Carolina
    United States
    Member #1616
    June 5, 2003
    2425 Posts
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    Posted: January 7, 2019, 9:22 am - IP Logged

    Scratchers tend to be the lottery industry's cash cow.

    I know it is for N.C.. but we all keep buying them even though the amount of cards of any particular kind printed has increased 10 times what it was 10 years ago but the bs odds stay the same. I slowed down three years ago when it really started getting obvious. But I will brag on Virginia, a lot of N.C. folks buying theirs because, for some reason they hit better.

    US Flag

      music*'s avatar - DiscoBallGlowing
      Fresno, California
      United States
      Member #157851
      August 2, 2014
      3858 Posts
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      Posted: January 7, 2019, 9:38 am - IP Logged

      Congratulations to Gary Grief and the TX Lottery. They know how to keep the golden goose and the cash cow alive and well.Coffee

      When will COVID-19 be finished?  A vaccine may protect all of us.

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        Simpsonville
        United States
        Member #163184
        January 22, 2015
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        Posted: January 7, 2019, 10:47 am - IP Logged

        And some idiot politicians want to get rid of the Texas Lottery?  Guess they use fuzzy math for their thinking. 

        On the plus side (LOL), Texas will never see a casino, plenty of them outside their states.  Big problem is a long drive for many in the middle of the state.

          Coin Toss's avatar - shape barbed.jpg
          100
          Zeta Reticuli Star System
          United States
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          January 17, 2006
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          Posted: January 7, 2019, 11:05 am - IP Logged

          Gary Grief, executive director of the Texas Lottery

          The lottery executive director's name is Grief.

          good grief! 

          Scared

          Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners. 

          Lep

          There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

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            Kentucky
            United States
            Member #32651
            February 14, 2006
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            Posted: January 7, 2019, 2:22 pm - IP Logged

            The spike could possibly be because of a larger number of scratch-off Christmas gifts, simply because Texas players really like their games, or a combination of both.

              Avatar
              Chasing $ Millions.
              White Shores- California
              United States
              Member #136473
              December 12, 2012
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              Posted: January 7, 2019, 5:32 pm - IP Logged

              Wow, Texans sure have a lot of disposable income.

               * Voice of Reason *   

               

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

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                New Member
                Austin, Texas
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                Member #153976
                March 31, 2014
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                Posted: January 7, 2019, 6:17 pm - IP Logged

                Texas lottery sctratch off odds are horrible to say the least of course if your not paying out your profits will increase.

                  oate's avatar - AS5hcja

                  United States
                  Member #193172
                  October 22, 2018
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                  Posted: January 7, 2019, 6:45 pm - IP Logged

                  Texas lottery sctratch off odds are horrible to say the least of course if your not paying out your profits will increase.

                  In most states, scratchers payout between $0.60 and $0.70 on the dollar, with the more expensive scratchers having better returns. They generally have better returns than draw games.

                  I randomly picked a $10 scratcher from the TX lotto website and it pays out $0.685 on the dollar. ( https://www.txlottery.org/export/sites/lottery/Games/Scratch_Offs/details.html_252704508.html )

                  That's about average or a little better than average from what I've observed of other states' scratchers offerings. Texas draw games' returns aren't as good as $0.685 on the dollar, that's for sure.

                  Only my hairdresser knows for sure.

                    Avatar
                    Jacksonville
                    United States
                    Member #153801
                    March 26, 2014
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                    Posted: January 7, 2019, 7:17 pm - IP Logged

                    In most states, scratchers payout between $0.60 and $0.70 on the dollar, with the more expensive scratchers having better returns. They generally have better returns than draw games.

                    I randomly picked a $10 scratcher from the TX lotto website and it pays out $0.685 on the dollar. ( https://www.txlottery.org/export/sites/lottery/Games/Scratch_Offs/details.html_252704508.html )

                    That's about average or a little better than average from what I've observed of other states' scratchers offerings. Texas draw games' returns aren't as good as $0.685 on the dollar, that's for sure.

                    You are generally correct with the payouts on the scratch-offs vs draw games.  The draw games are very top heavy and allocate most of the prize payouts to the jackpot prize.  Scratch-offs allocate most of the prize payouts to lower tier prizes.  It all depends upon which prize structure you like.

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                      Win Today.
                      bel air maryland
                      United States
                      Member #90247
                      April 24, 2010
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                      Posted: January 7, 2019, 8:32 pm - IP Logged

                      Scratchers tend to be the lottery industry's cash cow.

                      Fiscal year 2018 had $4.2 billion in scratch off sales.

                      How much of that was actually won by the scratch off players?

                      "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.

                      Be willing to try a new strategy. If it doesn't work, try a different one.

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                        100

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                        Posted: January 7, 2019, 10:34 pm - IP Logged

                        I love scratchersSun Smiley

                        Life, love, family Love

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                          Maryland
                          United States
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                          January 2, 2015
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                          Posted: January 8, 2019, 6:38 am - IP Logged

                          A good reporter would have ALSO asked about how much was/has been paid out since that period.  I would assume payouts would have been UP in that period.  And was there a jackpot or other large payout?

                          Seems the state only cares about sales, but I guess that is expected.

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                            Texas
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                            Member #55887
                            October 23, 2007
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                            Posted: January 8, 2019, 8:30 am - IP Logged

                            A good reporter would have ALSO asked about how much was/has been paid out since that period.  I would assume payouts would have been UP in that period.  And was there a jackpot or other large payout?

                            Seems the state only cares about sales, but I guess that is expected.

                            On TLC's website there were 5 $1 million scratchoffs and 1 $5 million scratchoff claimed Jan 3rd and Jan 4th. You can click on any scratch game and see how many top prizes have been claimed. The lotteries DO want people to win. It's good for business. On the other hand, lotteries ARE a business, not a charity There HAS to be a profit made, or that business will not survive.

                            So, sales are important. Without sales, there is no profit, and there are no winners either.

                            CAN'T WIN IF YOU'RE NOT IN

                            A DOLLAR AND A DREAM (OR $2)