August 19, 2021

Hoosier Lottery Sets Revenue Record, Sends $375 Million To The State

Article origination IPBS-RJC
The Hoosier Lottery broke sales and revenue records in its last fiscal year – wildly surpassing expectations and, thus, sending more money back to the state than ever before. - Screenshot of Microsoft Teams

The Hoosier Lottery broke sales and revenue records in its last fiscal year – wildly surpassing expectations and, thus, sending more money back to the state than ever before.

Screenshot of Microsoft Teams

The Hoosier Lottery broke sales and revenue records in its last fiscal year – wildly surpassing expectations and, thus, sending more money back to the state than ever before.

Lottery officials expected to collect about $1.3 billion in the fiscal year that ended in June. It collected more than $1.7 billion. And that better-than-projected performance was led by scratch-off game sales which – on their own – surpassed that $1.3 billion projection.

Chuck Taylor said that’s going to benefit people across the state. He’s the lottery director of legal affairs.

“Those help our police and firefighters’ pensions as well as our teachers’ retirement fund, as well as help to reduce excise tax for every Hoosier here in our state,” Taylor said.

One month into the new fiscal year, sales are on track to meet expectations. But no one is assuming this year’s revenues will reach last year’s lofty numbers.

Contact reporter Brandon at bsmith@ipbs.org or follow him on Twitter at @brandonjsmith5.

Support independent journalism today. You rely on WFYI to stay informed, and we depend on you to make our work possible. Donate to power our nonprofit reporting today. Give now.

 

 

Related News

Changes to Indiana's wetland law could lead to more CO2 into the air
How Democrats can turn support for marijuana legalization into a political win
Clergy members condemn Rokita's remarks on Black Lives Matter, equity in schools