Lottery posts $6.7B in sales – Florida Politics

Lottery posts $6.7B in sales

Thanks in part to strong Powerball and Mega Million jackpots, Florida Lottery sales grew 8 percent to a record $6.7 billion over the past year, according to the state agency.

“We had a couple of good jackpots last year,” Lottery Deputy Secretary of Sales Mike Purcell said. “We had a Powerball jackpot of about $700 million, and we had a Mega Millions jackpot of about $393 million. Those help contribute to it.”

Scratch-off tickets accounted for 69 percent of the sales in the 2017-2018 fiscal year that ended June 30. Scratch game sales were up about $400 million from the prior fiscal year, according to Purcell.

The Lottery anticipates that up to $1.75 billion of the money generated by the sales will be transferred to the state’s Educational Enhancement Trust Fund.

The News Service of Florida provides journalists, lobbyists, government officials and other civic leaders with comprehensive, objective information about the activities of state government year-round.

2 Comments

  1. I’m always a bit suspicious when I read a release that does a comparison of gross sales, year to year, but stops short of a full comparison of year to year net profits for education….

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