KY Lottery Sales Up from Last Year, Below Budget

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By Associated Press | 

LOUISVILLE, Ky. (AP) -- Kentucky lottery sales have improved from last year, but are running below budget.

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That's the news the lottery's board of directors heard this month.

Year-to-date sales through February were more than $564 million, and that's more than $12 million better than the total from a year ago, but it is $18.5 million less than budgeted.

Income before transfer of dividends to the state for the fiscal year to date was more than $150 million. The total is $3.5 million more than last year but $742,000 less than budgeted.

Senior Vice President of Finance and CFO Howard Kline told the board that revenue projections for the rest of the fiscal year indicate the lottery will meet dividend expectations for the year.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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