Wednesday, July 9, 2014

Florida Lottery Ticket Sales Top $5 Billion

The Florida Lottery has announced sales of over $5.36 billion in tickets during the fiscal year ending June, 30, 2014. Ticket sales for the previous fiscal year also topped $5 billion so the lottery would appear to be thriving in the Sunshine State.

Lottery officials state the increase in revenue should result in an estimated $1.4 billion going to state schools and to fund programs such as the Bright Futures scholarship program.

Officials believe much of the lottery's present success can be attributed to the increasing popularity of scratch-off-tickets and big-prize draw-type games such as Mega Millions and US Powerball.

Earlier this year a family-run syndicate celebrated a massive win when they scooped the $148 million US Powerball jackpot on a ticket purchased from E's Country Store North on Immokalee Road in Naples, Florida.