BATON ROUGE – For the third quarter of fiscal year 2022, the Louisiana Lottery Corporation transferred more than $47.6 million to the state treasury, bringing total year-to-date contributions to more than $143 million. This represents a decrease of $13.7 million from the first three quarters of fiscal year 2021.
With revenue of $147,870,376 the Lottery’s total third-quarter state transfers were $47,644,637 or 32.2%. Since the Lottery began operations in 1991, it has brought in more than $12.1 billion in revenue and transferred nearly $4.3 billion to the state treasury.
“At a first glance, the decrease in Lottery fiscal year revenue may be surprising,” noted Lottery President Rose Hudson. “We anticipated our sales would reflect the easing of pandemic restrictions and the return of other gaming options. After two years of record sales levels, we are pleased our current sales level are exceeding prepandemic levels. This is thanks in no small part to the budgetary flexibility afforded to us by the legislature, which has allowed us to increase prize payouts. Our players love that and have truly responded.”
Retailers earn 5% sales commission, plus incentives for cashing winning tickets and bonuses for selling big winning tickets. For January through March of 2022, retailer compensation totaled nearly $8.5 million, bringing total fiscal-year-to-date retailer earnings to more than $24.9 million.
Over the last couple of years, the Lottery began adjusting scratch-off game prize structures, increasing prize payouts, adding more higher price-point games and launching new types of games. This strategy has been well received by players, resulting in net gains for the state.
Lottery ticket purchasers must be at least 21 years of age. Anyone with a gambling problem, or friends of anyone with a gambling problem, is encouraged to call toll-free 1-877-770-7867 for assistance. For security purposes, players should sign the back of their tickets after purchasing.
More information on the Louisiana Lottery, including current and historical financial information, can be found on its website www.louisianalottery.com. Follow the Louisiana Lottery on Facebook at http://www.facebook.com/louisianalottery or on Twitter at www.twitter.com/LALottery for the latest news.
Since its inception in 1991, the Louisiana Lottery has fulfilled its mission of maximizing revenue for the state of Louisiana while upholding the highest standards of integrity and public trust. To date, it has transferred nearly $4.3 billion to the state for K-12 public education. For the latest news on the fun and games the Lottery offers, visit our website, like us on Facebook, follow us on Twitter and Instagram, and check us out on YouTube. Please remember to keep our games fun by playing responsibly. Download our complete Media Kit or Fun Facts about the Lottery.