Hoosier Lottery Profits Are Up

hoosier-lottery

INDIANAPOLIS  – A report presented to the Indiana Lottery Commission on Tuesday shows that lottery ticket sale revenue grew about 6% to $1.34 billion.

The Hoosier Lottery has seen a 2% increase in profits of over $312 million over last year.

Even though the amount grew it is still short of the $410 million goal set in 2018 when operations were contracted out to a private company.

Most of Indiana’s lottery proceeds go toward reducing auto excise taxes and boosting pension funds for teachers, police officers and firefighters.

A renegotiated contract lowered goals and allow IGT Indiana to qualify for a bonus.