The Louisiana Lottery just wrapped a records sales year, with an estimated $508.3 million in revenue, lottery leaders announced on Monday.
"After six consecutive years of growth, the Lottery achieved a new all-time high," Lottery President Rose Hudson said in a news release. "Although this is certainly an impressive feat in today's saturated gaming marketplace, our true satisfaction comes in knowing we're accomplishing our mission to raise funds for Louisiana K-12 public education."
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Under state law, at least 35 percent of lottery sales go to the state.
About $177.9 million from the lottery went back to the state during the budget year that ended June 30 – $27 million more than had been anticipated. That money is directed to funding for K-12 education efforts.
Based on the Lottery's data, scratch-offs sales were up 4.9 percent over the past year, and a world-record $1.58 billion jackpot sent Powerball game sales to a 45.5 percent increase. Overall, Lottery revenue was up more than $54.5 million compared to the previous year.
Since Louisiana implemented the Lottery in 1991, more than $9 billion in revenue has been generated, primarily from ticket sales. More than $3.2 billion has been transferred to the state budget.