The Lottery’s fiscal year began with its best ever Q1, from July 1 to September 30. During this period, the operator generated $498.2m in revenue, marking a solid 16.8% increase compared to the previous year. As a result, $114.0m was transferred to the Lottery for Education Account, benefiting educational initiatives.
This remarkable performance underscores the continuous growth and success of the lottery. The increased revenue and subsequent transfer to the Education Account highlight the positive impact lotteries can have on educational funding.
The lottery operator had a remarkable fiscal year, achieving several record-breaking milestones. Notably, their sales of instant games reached an unprecedented $399.5 million in Q2. Additionally, their draw-style games “Cash 3” and “Cash 4” witnessed impressive growth rates of over 17% and 20% respectively. Furthermore, the operator achieved record-breaking weekly sales of instant games, amounting to $47.1 million for the week ending April 10.
“This year has been eventful in so many ways, but our core objective remains unchanged: to generate funds for the education programs we support,” stated Rebecca Paul Hargrove, the president and chief executive of the Lottery.
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