A record transfer of $312 million was made to the state of Indiana for Fiscal Year 2019 that ended June 30, announced Sarah Taylor, Hoosier Lottery executive director.
The lottery’s surplus revenue was generated by record sales of scratch-off and draw products totaling $1.34 billion, according to preliminary and unaudited results.
Lottery Commission chairman Bill Zielke presented a ceremonial check to state budget director Zac Jackson and commented, “The mission of the Hoosier Lottery is to return maximum net income to the state in a socially responsible manner. Thanks to the hard work of our lottery team, we continue to provide funds for those programs selected by our legislators that support our retired teachers, police officers and firefighters as well as reduce auto excise taxes for all Hoosier vehicle owners.”
Taylor explained that 72 percent of the lottery’s revenue was generated by different scratch-off games and 28 percent was from draw games including Powerball and Mega Millions as well as Indiana’s own Hoosier Lotto, Daily 3 and Daily 4. Draw game sales were impacted by multiple large Powerball and Mega Millions jackpots during the year including a record $1.5 billion Mega Millions jackpot won in October.
She noted that the lottery paid 64 percent of its revenue ($860 million) in prizes to players and 7 percent ($92 million) in commissions to over 4,300 retailers that sell lottery products.
Taylor said that under the incentive structure of the innovative Integrated Services Agreement between the Hoosier Lottery and IGT Indiana, an incentive of $11.2 million was earned by IGT Indiana. She added, “As envisioned by the Lottery Commission, adding the skills and expertise of an international gaming company to our own excellent team continues to produce great results for the state of Indiana.”