Kentucky Lottery has published its financial report for the first half of Fiscal Year 2022, reporting an almost 18% increase in sales.
For the six-month period ending December 31, the lottery reported sales of $835.9m, an increase of 17.7% and $125.6m more than the same period last year.
Furthermore, net income for the period was $175.9 million, representing a 13.6% increase on last year and 9.1% more than budgeted.
The growth of sales is largely attributed to the rise of ilottery in the lottery’s repertoire, with sales via the internet reaching $110.9m, a 122.6% increase on the $49.8m for the same period in FY21.
Breaking down sales by game type, scratch-off tickets were the biggest selling ticket, selling $483.3m for the period, up 11.9% over last year. Moreover, due to a strong run of large jackpots in the run-up to December, Powerball sales increased 47.7% up to $38.6m.
Finally, ‘The Lucky For Life’ draw game has seen a 53.1% jump in sales to $5.9m for the period due to moving to daily draws instead of twice weekly.
“We’re continuing to deliver solid results thanks to a combination of terrific retailers and solid games,” said Kentucky Lottery President and CEO Mary Harville. “We’re continuing to ensure the products our players want are in the marketplace, and it looks as if we’ll break the $1 billion in sales threshold at the earliest point ever in a fiscal year.”
Operationally, Kentucky Lottery approved the implementation of several contracts during the first half of FY22 to enhance its business and help earn more money for good causes.
The board of directors approved contracts with Smartplay International for random number systems and related services: Garron Lottery Products for draw machines and ball sets services; Hudson Alley Software for sales force management solutions; and Rules and regulations for three scratch-off tickets, six Fast Play games and two Instant Play games.