Hoosiers Spent $1.2 Billion On Lottery Tickets in 2016-2017

The lottery system is still a big draw for Indiana residents. 

Unaudited financial results recently presented to the State Lottery Commission show Hoosiers spent $1.2 billion on lottery tickets during the 2017 budget year, a decline of $6.9 million, or 0.6 percent, compared to 2016.

After deducting various lottery commission expenses, the state will reap $289.4 million from the Hoosier Lottery for 2017 — an increase of $7.9 million, or 2.8 percent, compared to last year.

According to the lottery’s financial report, scratch-off tickets produced 75 percent of lottery revenue, the “big jackpot” draw games of Powerball, MegaMillions and Hoosier Lotto brought in 15 percent and other daily and instant draw games accounted for 10 percent.

The report shows that Powerball sales dropped 25 percent compared to last year when a record $1.6 billion jackpot was available. 

At the same time, scratch ticket revenue growth nearly replaced all the lost Powerball spending, thanks in part to a new scratch-off ticket being introduced, on average, every single week of the year.

H/T Indiana Economic Digest

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