Missouri Lottery sets profit record

Lottery Post — Thu, 24 Jun 2004 12:02:52 GMT

The Missouri Lottery posted a record $230.3 million in profits for the 2004 fiscal year, well above state projections and the previous year's results.A year ago, state lottery director Jim Scroggins predicted a sharp downturn in sales, and thus lottery profits for education, following a second consecutive year of advertising budget cuts by state lawmakers. Despite record sales the past year, Scroggins said he was sticking by his story that the ad cuts dventually would take their toll.Up to now,... [ More ]