Bringing year-to-date contributions to $130.7 million, the Louisiana Lottery Corporation transferred $45.6 million to the state treasury during the third quarter of fiscal year 2018, up $4 million from the third quarter of fiscal year 2017 and exceeding budgeted transfers by more than $2 million.
With third-quarter revenue of $130,365,568, the Lottery contributed $45,627,950 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 fund prizes, and less than 6 percent is used to operate the Lottery. Since the Lottery began operations in 1991, more than $9.8 billion in revenue has been generated, primarily from ticket sales. More than $3.5 billion has been transferred to the state treasury.
Retailers earn 5.6 percent in compensation, including commission, incentives for cashing winning tickets and bonuses for selling winning tickets, totaling more than $7.2 million for January through March of 2018.
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.