Kentucky Lottery Breaks Sales Records
The Kentucky Lottery says it's fiscal year 2012 sales were $823.5 million, including $55.7 million in free tickets.
This breaks the old record from 2009 of $810.5 million, and last year's results by $51.2 million.
The record amount of sales also led to record-breaking proceeds being returned to the Commonwealth. $216.4 million was earned for scholarship and grant programs funded by the lottery.
Cash prizes paid to players were $459.1 million, up 8.7% from the $422.4 mark in FY11.
At a meeting of the Kentucky Lottery Corporation’s board of directors, Senior Vice President of Finance & Administration & CFO Howard Kline said improving economic conditions and changes to the lottery’s scratch-off ticket program helped generate a large part of the sales increase.
