Kentucky Lottery Surpasses $20 Billion in over all Sales

in Lottery

KY LOTTERY SURPASSES $20 BILLION IN OVERALL SALES 

In today’s meeting of the Kentucky Lottery Corporation’s board of directors, it was announced overall sales since inception have passed the $20,000,000,000 mark.

 According to Executive Vice President and Chief Financial Officer Howard Kline, sales reached this level as of January 10. From this amount, more than $5.3 billion has been earned for the Commonwealth.

 The board also learned lottery sales have closed the first half of the fiscal year higher than any other period in the organization’s history. July-December sales for the lottery came in at $544.2 million. That’s a full $36.5 million (7.2%) more than the same period last year, which was the previous record-holder for the six-month sales period.

 Net income in turn grew at an even higher percentage. This was $147 million for the period, which is $16.5 million (12.6%) more than what was generated in the same period last year.

 In other business, the board approved: 

  • An amendment with the contract with Blue and Company LLC for draw audit and related services;
  • A contract renewal with Garron Lottery Products for draw machines, ball sets and related services;
  • A contract renewal with Affiliated Forensic Laboratory for lottery ticket testing and related services;
  • Rules and regulations for one scratch-off ticket, two new draw games and one Instant Play game.

 The next meeting of the KLC’s board of directors will be March 22. The meeting will begin at 10:00 AM EST, and will be held at the KLC headquarters at 1011 West Main Street in Louisville. The audit committee meeting will begin at 8:00 AM EST, as well as the procurement committee at 9:00 AM EST.

 The Kentucky Lottery has earned over $5.3 billion for the Commonwealth since 1989.  KLC dividends pay for college scholarships, grants and education programs. Visit kheaa.com to find out more about grants and scholarships paid for by the KLC.