KY lottery surpasses $1 billion in sales faster than ever before
For the third year in a row, the Kentucky Lottery has sold more than $1 billion in tickets – this time at the earliest point ever in a fiscal year.
Lottery sales for FY19, which runs from July through June, were $1,000,004,032 as of close of business on May 20th. In FY18 this billion-dollar threshold was surpassed on June 15th, while in FY17 the mark was achieved on the last day of the fiscal year (June 30th).
“A variety of factors have led to the early achievement of this milestone,” said Kentucky Lottery President and CEO Tom Delacenserie. “The large Mega Millions jackpot run in October helped us get off to a fast start.”
“But just as importantly, we’ve spent the past two years improving our business model by increasing our marketing support, vending machine distribution, retailer plan-o-grams, ensuring 95% of new games are activated within 3 days of receipt, and dramatically reducing out of stocks,” he added. “The launch of our first $30 Scratch-off ticket has also been instrumental. This ultimately provides more proceeds to the Commonwealth, which in turn fund college scholarship and grant programs for Kentucky students.”
With just over a month left in FY19, the Lottery appears on track to surpass the all-time sales record of $1,042,512,000 set in FY18.
About Kentucky Lottery (www.kylottery.com)
The Kentucky Lottery has earned over $5.3 billion for the Commonwealth since 1989. KLC dividends pay for college scholarships, grants and education programs.
Telephone: (502) 560-1675