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Florida Lottery on pace for another year of record-breaking sales

Just half way through the fiscal year it is on track to post record-breaking sales for the third straight year.
TALLAHASSEE – The Florida Lottery announces that just half way through the fiscal year it is on track to post record-breaking sales for the third straight year in a row -- this time in the amount of more than $5.1 billion for fiscal year 2013-14. This projected amount will surpass the previous sales record of $5 billion during fiscal year 2012-13.  As a result, the Lottery also would transfer a record $1.43 billion to Florida’s education system.
 
“The Lottery’s sole mission is to sell tickets to generate additional funding for education.  We are extremely proud that this unprecedented sales record will assist in furthering that goal,” said Florida Lottery Secretary Cynthia O’Connell. “For the past 25 years, Lottery dollars have benefited Florida’s students and schools, and we are hopeful that this year will prove to be the largest contribution yet.”

Florida Lottery Scratch-Off games are the leading sales producers, accounting for approximately 60 percent of overall ticket sales. Scratch-Off games continue to be an important part of the Lottery’s portfolio and are available for purchase through vending machines or counter displays at more than 13,000 Florida Lottery retailers statewide.

The Florida Lottery’s success depends on its effective implementation of an entrepreneurial business model that focuses on the development of new revenue streams and creates a win-win partnership with its private-sector vendors.  The Lottery constantly evaluates its operating expenses in order to maximize profits, a practice that has resulted in the Lottery having one of the lowest expense rates among domestic lotteries.

ABOUT THE FLORIDA LOTTERY
 
The Florida Lottery is responsible for contributing more than $26 billion to education and sending more than 650,000 students to college through the Bright Futures Scholarship Program. The Florida Lottery reinvests nearly 98 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 $37 billion in prizes and made more than 1,300 people millionaires. For more information, please visit www.flalottery.com.
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