The Louisiana Lottery Corporation has announced its financial results for the FY2021 ending June 30, revealing sales of almost $625m, making 2021 the lottery’s most successful year.
Profits for the year, which will be transferred to the state treasury for K-12 public education, were more than $207m, a $28.3m improvement from the previous year and $45.9m higher than projected.
Scratch-offs were the main source of revenue in the lottery’s portfolio, ending the year at $333.4m, up approximately $68.8m from FY2020.
This comes as a result of a change in scratch-off game prize structures, increasing prize payouts and adding more of the higher price-point games that have grown in popularity.
The lottery’s daily numbers draws, Pick 3 and Pick 4, were the second highest revenue generator. The sales of these games improved by $25.1m from FY2020 and ended at approximately $142.6M for 2021.
Lottery President Rose Hudson commented: “The lottery team is proud to have topped $600 million in sales for the very first time. While certainly satisfying, hitting this milestone challenges us to push even higher to maximise revenue for the state as we embark on this new fiscal year with technology and game innovations.”
Since its inception in 1991, the Louisiana Lottery has generated $11.6bn in revenues and transferred over $4.15bn to the State Treasury.