The California Lottery recently closed the book on Fiscal Year 2015-16 – and what a year it was! While final, audited numbers won’t be available for a couple more months, it’s safe to say that it was another record-breaking year for the California Lottery. Preliminary numbers are in, and it looks like the Lottery generated nearly $6.3 billion in total sales, smashing its all-time record of $5.5 billion which was set just last year.
California schools will receive the largest amount of supplemental Lottery dollars in California Lottery history! Nearly $1.5 billion will be transferred to schools all across the state – a modest figure when divided up amongst school districts all across the state, but still money that schools count on and put to good use every year. For some great examples on how every little bit helps, click here.
“This is a great achievement for the California Lottery and great news for our state’s public schools,” Lottery Director Hugo López said. “We know the money to schools is modest, but it helps in real ways. And our team is firmly committed to doing everything possible to make Fiscal Year 2016-17 another record year in prizes paid to winners and contributions to education.”
Total sales for Fiscal Year 2015-16 are not yet final, but when you consider that Lottery sales are nearly $6.3 billion now, that’s quite a jump from the $5.5 billion in the previous fiscal year.
Once again, Scratchers® sales made up the majority of this year’s Lottery revenue, totaling nearly $4.4 billion. However, unlike last fiscal year, Lottery sales received a strong boost from some large jackpot rolls, including one we’re sure everyone can recall, the record-setting $1.6 billion Powerball® jackpot on January 13. Sales for thePowerball game rose dramatically and were more than $700 million for the year. Games such as Fantasy 5 and Hot Spot® also saw big increases in sales over the previous fiscal year.
All in all, Fiscal Year 2015-16 was a highly-successful year for the California Lottery. And we’re already off to a great start, thanks to the excitement created by a couple of large jackpots in Mega Millions and Powerball.
Remember, as jackpots grow, the California Lottery would like to remind players that gambling should be fun. Always play responsibly and within your means. Our games are all part of the Lottery’s continued effort to give out more prizes, create more winners and most importantly, earn more money for California public schools!