Annual Report for Fiscal Year 2016
Highlighted by a world-record Powerball jackpot, Fiscal Year 16 was another record-breaker for the Kentucky Lottery. We’re pleased to report sales for the fiscal year were $997.3 million. This breaks the old sales record established in FY15 of $899.1 million by $98.2 million (10.9%). Dividends to the state were $253 million, breaking last year’s record of $231.1 million by $21.9 million (9.5).
In fact, in FY16, records were broken in every measurable category.
Scratch-off ticket sales continued to be the best-selling product in the lottery’s portfolio, finishing the year with a record-breaking $597.3 million in sales. This is $36.8 million (6.6%) more than the previous year.
Draw game sales, however, were key in the record-breaking performance. This category closed the year at $399.6 million in sales, which was $60.9 million (18%) more than the previous year. This breaks the previous record of $339.5 million, which stood for 12 years. Keno showed solid performance, with sales rising to a record $65.9 million.
These record sales led to record prizes paid to players of $620.6 million, as well as record retailer commissions of $62.6 million.
The dramatic rise in draw game results could be attributed to the world record-breaking jackpot run of nearly $1.6 billion we saw in January 2016. However, while this absolutely helped us exceed the state’s estimates for the year, in reality we were on track to break our all-time sales record before this run even started thanks to the solid performance in our other game categories.Our board of directors has approved an aggressive budget for FY17. It includes a goal for the Kentucky Lottery to reach $1 billion in sales for the first time in history. We’re focused on becoming a billion dollar lottery and are working hard to achieve this goal.