Indiana News

Hoosier Lottery on Pace for Record $945M Revenue

INDIANAPOLIS (AP) _ Higher Powerball ticket prices and bigger jackpots have helped Hoosier Lottery bring in more money this year.
 
  The Indianapolis Business Journal reports the five-member Hoosier Lottery Commission was told last week the revenue for the fiscal year ending Sunday will be about $945 million, up about 9.5 percent from last year’s record $855.6 million. But commission officials were told the net income increase won’t be as large at $227.6 million, increasing about $200,000 from last year.
 
  Lottery spokeswoman Stephanie McFarland said those numbers have not been confirmed and she could not comment until Monday.
 
  The lottery’s forecast predicts Powerball sales will hit $140.4 million, a 28-percent increase. In May alone, when the multi-state jackpot hit $590 million, Indiana sales were $22 million.

Related posts

Summitville Man Arrested In Major Methamphetamine Bust

David Scheie

Bob Seger to play Fort Wayne in January

Darrin Wright

Indiana school goes on lockdown after pipe bomb discovery

Darrin Wright