Hoosier Lottery $1B In Sales Sets Record
By Mike Perleberg
(Indianapolis, Ind.) – The Hoosier Lottery has hit the jackpot.
Lottery officials announced Tuesday a that ticket sales topped $1 billion for the first time ever during the 2014 fiscal year that ended June 30.
GTECH is the private management company that operates the Hoosier Lottery. It took over sales, marketing, and distribution of the state lottery in 2012.
The company said in a report to the Indiana Lottery Commission that record sales led to a record net income of $254.4 million in 2014. The state will use that money to support the Build Indiana Fund, for pensions for local firefighters and police officers and for retirement funds for Indiana teachers.
“We are pleased with the financial results achieved in the first full fiscal year of the Hoosier Lottery’s contract with GTECH Indiana,” said Sarah Taylor, Hoosier Lottery Executive Director. “Increasing Lottery revenue leads to more money for good causes that directly benefit Hoosiers.”
Scratch-off tickets grew in popularity among lottery players. Those games were responsible for $702.6 million in sales in 2014, up from about $614.8 million in 2013.
GTECH fell short of its $256 million revenue goal by $1.6 million and must pay the difference to the state.