Kentucky Lottery sales rebound
By Todd Northrop
In Friday's meeting of the Kentucky Lottery Corporation's board of directors, it was announced strong sales in the month of May has helped get the lottery back on track to meet budgeted sales amounts for the year.
According to Interim Chief Operating Officer Maggie Garrison, May sales were $132.1 Million, which is $33.7 Million or 31.9% more than budgeted. This was led by increases in our Scratch-off ticket sales, which jumped 46% or $29.4 million more than expected, she s ...
Jun 27, 2020, 9:14 am - Lottery News forum
Hoosier Lottery operator facing $3.6M fine for not meeting sales goal
By Kate Northrop
IGT Indiana, the private operator of the Hoosier Lottery, may be required to pay a $3.6 million fine to the state should it not meet its $300 million sales goal a number that seems unobtainable at this point.
The lottery is projected to generate about $295 million to be sent to state coffers, which would include the $3.6 million penalty should they not meet the threshold.
Last year, the lottery sent a record $312 million to the state in surplus revenue, 6% higher than w ...
May 22, 2020, 7:24 am - Lottery News forum
Skyrocketing scratch-off sales indicate lotto players are resilient
By Kate Northrop
While ticket sales and jackpots are down for draw games like Powerball and Mega Millions, Americans have no problem finding entertainment in other lottery alternatives.
Vendors have been selling tickets for multi-state games during stay-at-home orders, but customers are understandably reluctant to take the time to pick out numbers and hand cash to attendants while making essential shopping trips. Instead, quick buys like scratch-off tickets make great substitutions for the ...
May 14, 2020, 2:08 pm - Lottery News forum
Louisiana public education takes a toll from decreased lottery proceeds
LA Lottery planning for a post-COVID-19 world
By Kate Northrop
With lower game participation levels amidst the nationwide COVID-19 stay-at-home orders, it is no surprise that state lottery revenues have taken a hit. Yesterday, Louisiana lottery officials announced that this would affect the proceeds used to help pay for K-12 public education.
Louisiana law requires that at least 35% of lottery proceeds be transferred to the state treasury and contribute to public education. About 53% of ...
May 5, 2020, 3:06 pm - Lottery News forum
Idaho lottery still a popular bet during pandemic worries
Despite a pandemic, many Idaho residents are apparently still feeling lucky.
Idaho Lottery Director Jeff Anderson said Tuesday that ticket sales were down only about 5% last week, and that somebody snagged $250,000 in one the agency's games.
Buying a lottery ticket does bring some sense of normalcy for folks, because things aren't normal now for a lot of people, Anderson said.
Anderson also directs the Idaho State Liquor Division. He said some panic buying at state-operated liquor store ...
May 4, 2020, 9:26 am - Lottery News forum
State of Oregon forcing retailers to pay taxes on video lottery machines that are shut down
Hundreds of bars and restaurants already struggling to survive are now facing another financial setback. The Oregon Lottery is collecting taxes on each video lottery machine, even though the machines are shut down.
I was absolutely floored. I could not believe it, said Gloria Huguley, owner of Newport Steak and Seafood.
Huguley said she owes $2,082 in taxes for the six video lottery machines in her restaurant, which remains closed due to stay-at-home restrictions. The family-run restauran ...
Apr 30, 2020, 8:20 am - Lottery News forum
Cratering lottery revenue is bad luck for NJ state worker pensions
There's a new cause for concern about New Jersey's chronically underfunded public-worker pension funds sagging state Lottery revenues.
That's something of a double whammy for one of the nation's worst-funded state retirement systems, which has seen investment returns plummet precipitously during the coronavirus pandemic.
So far this fiscal year, Lottery revenues, which serve as a dedicated source of funding for the pension system, are down more than 12% compared with the same period last y ...
Apr 27, 2020, 10:39 am - Lottery News forum
Texas Lottery sales surge amidst the COVID-19 pandemic
By Kate Northrop
In an announcement on Tuesday afternoon, the Texas Lottery revealed that sales of scratch-off tickets surged to $112 million from the previous week's sales of $95 million.
Revenue for scratch-off tickets during this week are up $15 million compared to 2019, a 16% increase. The boost comes after a month of weakened overall sales, mostly for draw games, that are likely due to the COVID-19 pandemic.
The full report is available on the official Texas Lottery website.
A s ...
Apr 24, 2020, 3:15 pm - Lottery News forum
Virginia Lottery March profits took a big hit
The Virginia Lottery is still running during the COVID-19 pandemic, but its March profits dropped 28 percent, according to a new agency report.
The Lottery took in $48 million in profits for March, down more than a quarter compared to the same month last year.
Though Gov. Ralph Northam has shut down virtually all types of indoor entertainment including the Rosie's gambling facilities operated by Colonial Downs he has not ordered the Lottery, a state agency, to stop selling tickets. Most Lo ...
Apr 22, 2020, 6:45 pm - Lottery News forum
Strong Iowa lottery sales are slipping: The culprit? You guessed it, COVID-19
After eight months of Iowa Lottery ticket sales topping budgeted projections, those sales are starting to arc downward.
One of the reasons: 95 of the retail outlets selling lottery tickets are shuttered under Gov. Kim Reynolds' COVID-19 orders, Iowa Lottery officials said Wednesday.
Through the first three quarters of fiscal 2020, lottery sales were running 1.8 percent ahead of last year's record pace. However, sales of lottery products in March were about $2 million short of the budgeted ...
Apr 21, 2020, 8:21 am - Lottery News forum