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TagResults 1 - 10 of 273 for sales. (0.03 seconds)

Some lotteries see spike in sales growth amid pandemic
Not all lotteries mired in economic difficulty By Kate Northrop While some state lotteries are left trying to figure out how to make up for sales deficits in the wake of the COVID-19 pandemic, other states are experiencing surges in lottery sales inversely driven by the overall economic slump. With the closure of thousands of retailers across the country, players were generally limited in their ability to purchase lottery tickets out of convenience. Sales for the major Powerball and Meg ...
Jul 15, 2020, 10:43 am - Lottery News forum

Pandemic continues to batter state lotteries and programs
While some states see sales increases, others bear the economic brunt By Kate Northrop Unsurprisingly, the ongoing COVID-19 pandemic continues to batter state programs and lotteries as lottery revenue streams take a hit. While some state lotteries saw unprecedented sales increases within the past few months, diminished sales in other states leave others in a realm of uncertainty, looking for ways to make up for the deficits. Sales for nationwide draw games and state lottery games alike ...
Jul 13, 2020, 5:01 pm - Lottery News forum

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

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

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