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LOTTERY SALES HIT RECORD $994 MILLION, UP 6.5 PERCENT
August 15, 2008
Missouri Lottery sales for fiscal year 2008 set a new record of more than $994 million*, surpassing the last fiscal year’s sales by $60.5 million, a 6.5 percent increase.
"Our Scratchers product did very well this past year," said Larry Jansen, executive director of the Missouri Lottery.
Along with Scratchers ticket sales, the twice-daily Pick 3 and Pick 4 games and the Club Keno game also saw sales increases.
Jansen noted that while overall sales set a record, they were lower than anticipated due to fewer high Powerball jackpots, gas prices, weather issues and lack of advertising dollars.
The record sales in fiscal year 2008 translated into record profits of $265 million to the Lottery Proceeds Fund to benefit various public education programs. Total proceeds to the state, including education, since the Missouri Lottery began are more than $3.2 billion.
More than $735 million* in prizes were awarded to Missouri Lottery players during fiscal year 2008, increasing the total prizes awarded since the Lottery began in 1986 to more than $6.5 billion. Twenty-three Missouri Lottery tickets worth $1 million or more were sold, awarding jackpots ranging from $1 million to $4 million. In all, $35.8 million in jackpot prizes were awarded during the past fiscal year.
Twenty-four Powerball tickets worth $200,000 were sold in Missouri during fiscal year 2008, along with two Power Play prizes worth $800,000 and one ticket worth $1 million. Thirteen SHOW ME 5 Paydown tickets worth $50,000 tax paid were sold.
Retailers who sell Missouri Lottery products earned more than $50.5 million* in commissions, incentives and bonuses for selling Missouri Lottery tickets during fiscal year 2008.
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