Louisiana Lottery revenue up for 5th year in a row
Posted on 8/13/2015 11:59:00 AM.

The Louisiana Lottery Corporation’s revenue is up for the 5th consecutive year as it ended its 2015 fiscal year with 453 million dollars in revenue which is more than 3 million dollars from the prior year. Lottery Spokesperson Kim Chopin says they’re excited about this progress because it benefits the state.

“It resulted in transfers to the state treasury for K-12 public education of more than 158 million dollars.”

Chopin credits the increase in part due to scratch offs that offset the dismal Powerball sales. She says the big games are less popular because player base has grown throughout the country and jackpots are getting hit faster and more frequently.

“What happens then is the jack pot doesn’t build up as much and let’s face it, people love Powerball because of those big jackpots.”

Chopin says scratch offs do so well because they’re now using their unclaimed prize fund to bump out payouts and when people win more, they want to play more. She hopes with future changes to Powerball and Mega Millions, revenue will go up even more next year.

“Keep those scratch off games sales really high and that combined with a Powerball matrix change should really give us amazing sales this year so I’m really looking forward to that.”

 
 
 
Louisiana Lottery, Kim Chopin, Powerball, Mega Millions, scratch offs, State Treasury





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