The Kentucky Lottery Corporation’s (KLC’s) board of directors learned today sales for the first four months of the fiscal year were solid, posting an increase over the same period last year.
From July through October, overall sales in Kentucky were $270.1 million. This is $19.1 million or 7.6% more than the same period last year, but $4.2 million or 1.5% less than budgeted.
Two large Powerball jackpot runs of $337 million and $202 million during this period helped fuel sales. Powerball sales were up $4.3 million or 17%. Sales of scratch-off tickets are also on the rise, up $8.8 million or 5.6% than the same time last year.
The recent record Powerball jackpot of nearly $580 million during this past week also drove strong sales in November, according to the KLC’s Vice President of Sales Bob Little. “The run started October 6th, and from that point until Wednesday when the jackpot was hit we sold $22.5 million in Powerball tickets,” said Little. “On Wednesday alone we sold $5.5 million in Powerball tickets.”
KLC Sr. Vice President of Finance and CFO Howard Kline added, “The recent Powerball run generated $9 million in profits for the Commonwealth.”
In other business, the board approved:
- Contract renewals with Affiliates Forensic Labs for ticket testing and related services;
- A contract with Humana Health Plan, Inc., for employee group health insurance, and;
- Rules and regulations for 18 scratch-off tickets and amendments to the Powerball group rules.
The next meeting of the KLC’s board of directors will be January 25, 2013. The meeting will begin at 9:30 AM EST, and will be held at the KLC headquarters at 1011 West Main Street in Louisville. Committee meetings will begin at 8:30 AM EST.