Indiana News

Lottery Revenue Below Projections

INDIANAPOLIS (WOWO): The Hoosier Lottery says its revenue projections are down.

GTECH runs the lottery for the state, and officials say revenues look to be down just under 10 percent than originally expected. They'll make at least $31 million less than promised when the books are closed in June. GTECH is contracted to generate $320 million per year.

According to a report in the Times of Northwest Indiana, company officials say ticket sales are down for PowerBall and other high-ticket games.

The private company entered into a 15-year contract in 2012 to manage the Hoosier Lottery and could pay as much as $16 million if it doesn't live up to expectations.

If revenues don't match targets, the state can cancel the deal.

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