BATON ROUGE – For the first quarter of fiscal year 2018, the Louisiana Lottery Corporation transferred more than $44 million to the state treasury, up approximately $5 million from the first quarter of fiscal year 2017 and exceeding budgeted transfers by over $7 million.
With first-quarter revenue of $125,917,106, the Lottery contributed $44,070,990 to the state treasury. By law, at least 35 percent of Lottery proceeds are transferred to the state treasury and dedicated for K-12 public education. Roughly 53 percent of sales funds prizes, and less than 6 percent is used to operate the Lottery. Since the Lottery began operations in 1991, more than $9.6 billion in revenue has been generated, primarily from ticket sales. More than $3.4 billion has been transferred to the state treasury.
Retailers earn 5.5 percent compensation, including commission, incentives for cashing winning tickets and bonuses for selling winning tickets, totaling more than $6.8 million for July through September of 2017.
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 can be found on its website www.louisianalottery.com/about, on Facebook at www.facebook.com/louisianalottery or on Twitter at www.twitter.com/LALottery.