Louisiana Lottery Contributing More Money To State In 2019
For the second quarter of the fiscal year 2019, the Louisiana Lottery has seen an uptick in contributions to the state treasury, transferring over $53.9 million towards K-12 public education in the state. Louisiana Lottery spokesperson Dustin Annison said that’s nearly a $10 million increase from this time last year.
“That’ll bring our year-to-date up to $94.6 million, that is about $9.6 million more than the first two quarters that we had last year,” said Annison.
Annison said the record-breaking Mega Millions jackpot from autumn had a big impact on the numbers.
“Huge jackpots absolutely contribute to the increase in what we are able to give back to the state. That $1.537 billion Mega Millions jackpot in October was huge for us,” said Annison.
Annison says the year-to-date contributions of $94.6 million have exceeded what the Louisiana Lottery had budgeted and expected to give to the state by $16.8 million.
“By law, we have to give back 35% of all proceeds to the state treasury, so any increased jackpots, people get excited and buy more tickets. It helps us help the state a lot more,” said Annison.