Lottery Celebrating Record Sales In First Half Of FY 2019

Kentucky Lottery sales have closed the first half of the fiscal year higher than any other period in the organization’s history, topping more than $544 million.
According to Kentucky Lottery officials, July through December sales for the lottery came in at $544.2 million, a full $35.5 million (7.2%) more than the same period last year, which was the previous record-holder for the six month sales period.
Net income, in turn, grew at an even higher percentage. This was $147 million for the period, which officials say is $16.5 million (12.6%) more than what was generated in the same period last year.
Lottery President and CEO Tom Delacenserie says in a release the $1.5 billion Mega Millions jackpot run has been a huge factor in the success. He notes they nearly sold as many Mega Millions in the first six months of the fiscal year as they expected to sell for the entire year. He adds sales for the game in this period were $42.1 million, a whopping increase of $24.5 million (138.8%).
Delacenserie also pointed to stronger-than-anticipated scratch-off ticket sales. That category has $310.3 million in sales, up $15.5 million (5.3%) from the previous period last year. Sales of the lottery’s $20 tickets in particularly have jumped, seeing a nearly 82% sales increased from the previous year.
Delacenserie says they have several new initiatives they are not quite ready to talk about on tap for the rest of the fiscal year, so this trend of success looks to be the roadmap moving forward in Fiscal Year 2019. He also predicted strong sales could lead to the lottery’s third straight year of sales in excess of $1 billion.

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