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Florida Lottery Brings in More Revenue Thanks to Scratch Off Sales

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The Lottery Revenue Estimating Conference met in Tallahassee last week and noted their estimates on scratch off sales were off as there have been around $50 million in additional sales of those tickets than they first thought.

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The Florida Lottery continues to generate more revenue for the Sunshine State.

The Lottery Revenue Estimating Conference met in Tallahassee last week and noted their estimates on scratch off sales were off as there have been around $50 million in additional sales of those tickets than they first thought.

The Florida Lottery noted that the increased sales of scratch off tickets have been mostly the result of the new $10 scratch off ticket.

The Lottery saw 9 percent in sales growth after launching the $10 tickets and sales remain strong. In the four months since the $10 tickets started being sold, the Florida Lottery has seen, on average, more than 5 percent growth.

With portions of the Florida Lottery going to fund education efforts across the state, last week, the Lottery announced it has sent almost $2 billion for education during the 2018-2019 fiscal year.

 

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  • Florida Daily

    Florida Daily offers news, insights and analysis as we cover the most important issues in the state, from education, to business and politics.

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Ed Dean is a leading radio and news media personality including hosting the #1 statewide radio talk show in Florida. Contact Ed.Dean@FloridaDaily.com

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