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Ohio Lottery’s annual profit exceeds $1 billion for the second year

Ohio Lottery’s annual profit exceeds $1 billion for the second year

The Ohio Lottery reported a $1 billion profit for the second year, strengthened via prime gross sales of 2 video games, Keno and EZPlay QuicKeno.

Ticket gross sales of $three.05 billion have been $59 million much less in comparison to the closing fiscal year, consistent with unaudited numbers for the year. But a lot of the prior fiscal year’s build up was once because of a record-setting $1.6 billion Powerball jackpot in January 2016.

Financial main points might be introduced nowadays at the lottery fee assembly.

By regulation, all lottery income cross to the Ohio Department of Education’s Lottery Profits Education Fund.

The lottery has equipped $23.four billion to the schooling fund since its inception.

The lottery has been running to spice up instant-ticket gross sales. The scratch-off video games are the company’s dominant product, offered at merchandising machines, comfort retail outlets and different spots. They traditionally have equipped no less than part the lottery’s gross sales.

According to the lottery, instantaneous price tag gross sales of $1.56 billion have been $34.four million less than closing fiscal year. 

Revenue from the video lottery terminals at the seven racinos was once $310.four million, an build up of $19.34 million. However, in the prior fiscal year, racino income higher $32 million.

Here are gross sales of the lottery’s video games for the year finishing June 30 and the way they in comparison to the prior year. 

Pick three: $339.five million, decline of $three.four million

Pick four: $201 million, build up of $695,300

Pick five: $38 million, build up of $1.6 million

Rolling Cash five: $55.three million, decline of $four.nine million

Classic Lotto/Kicker: $31 million, decline of $four.6 million

EZPlay: $120 million, build up of $five million

EZPlay Tab: $30 million, decline of $1.four million

EZPlay QuicKeno (new): $16.2 million

Keno/booster: $396 million, build up of $30 million

MegaMillions/Megaplier: $93 million, a lower of $nine million

Powerball/Powerplay: $130 million, a lower of $64 million

Updated: August 18, 2017 — 1:20 am

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