Florida Lottery Sales Break Records
October 18, 2016
The Florida Lottery announced a record-breaking first quarter with ticket sales exceeding $1.44 billion. That broke the previous first quarter record of $1.35 billion, set last year, by $97 million. The Lottery’s first quarter contribution to the state’s Educational Enhancement Trust Fund (EETF) is expected to reach $388 million, a 10.23% increase over the same period last year.
“To begin a new fiscal year with such promising sales is a tremendous accomplishment for the Florida Lottery,” said Secretary Tom Delacenserie. “Record sales mean great things for Lottery players and retailers, but most importantly for our state’s education system. Because of our hardworking sales team and Lottery staff, as well as our loyal players and retailers, I know this is only the beginning of what the Lottery will achieve this year.”
Strong scratch-Off sales of more than $957 million, along with the multi-state Powerball ,with sales exceeding $115 million, helped account for the majority of the Lottery’s new first quarter record gains. Powerball reached its fifth largest jackpot ever at $478 million in July. Sales from this jackpot contributed more than $38.5 million to education in Florida.
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2 Responses to “Florida Lottery Sales Break Records”
If the State would charge a 1% tax on winnings, that would help in the budget for Florida. Providing it didn”t allow for pork spending and pocket stuffing.
This is the Florida Retirement Plan.