Florida Lottery Records $1 Billion In Scratch-Off Sales In First 100 Days
By CapitalSoup // October 13, 2015
TALLAHASSEE, FLORIDA (CapitalSoup.com) – The Florida Lottery announced that Scratch-Off ticket sales have exceeded $1 billion thus far this fiscal year, which began July 1. This achievement was reached 11 days sooner than the previous record-setting fiscal year.
“Success like this proves our model is working,” said Florida Lottery Interim Secretary Tom Delacenserie.
“By offering bigger games players get to experience more winning moments, Lottery retailers earn higher commissions and most importantly, more revenue is transferred to education.”
The Lottery recognizes the importance of offering a unique product mix that appeals to Florida’s diverse player population.
This is evident by the 20 different Scratch-Off games currently producing more than $1 million in weekly sales.
Florida has been an industry trailblazer with the superior performance of its high price point Scratch-Off games, while keeping a balance of terrific game offerings at the low- to mid-tier price points as well.
Since June 2011, the Florida Lottery has increased Scratch-Off sales by 68.7 percent, representing a gain of more than $1.5 billion, or an average increase of more than $300 million per year.
During that period, Scratch-Off sales went from 54 percent of the Lottery’s total sales to accounting for over 66 percent of total sales. Scratch off games generated more than $632 million for the Educational Enhancement Trust Fund (EETF) in fiscal year 2014-2015.
At any given time, the Lottery offers up to 80 different Scratch-Off games, ranging in price from $1 to $25, with top prizes from $1,000 to $10 million. Florida Lottery Scratch-Off games are available for purchase at any of the more than 13,000 Lottery retailers statewide.
Since 1988, the Florida Lottery has launched more than 1,000 Scratch-Off games, generating nearly $10 billion for education, while Scratch-Off players have won more than $25 billion in prizes, including creating more than 450 millionaires.
ABOUT THE FLORIDA LOTTERY
The Florida Lottery is responsible for contributing more than $28 billion to education and sending more than 700,000 students to college through the Bright Futures Scholarship Program. The Florida Lottery reinvests nearly 97 percent of its revenue back into Florida’s economy through prize payouts, commissions to more than 13,000 Florida retailers and transfers to education. Since 1988, Florida Lottery games have paid more than $48.5 billion in prizes and made more than 1,800 people millionaires. For more information, please visit www.flalottery.com.