Monday, November 24, 2014

Hoosier Lottery Losing out on Monopoly Millionaires' Club

The "Monopoly Millionaires' Club" game has got off to a slow start in Indiana so the Hoosier Lottery has been forced to dip into its own reserves to cover its costs.

The new multi-state game was launched in October in 23 states, including Indiana. Each ticket costs $5 and the weekly jackpots can be as high as $25 million.

A player in New Jersey bagged the first $21 million jackpot on November 7, the revenue generated from nationwide ticket sales left a shortfall of around $22 million.

Ticket sales in Indiana generated over $403,000, but a Hoosier Lottery spokesperson said the lottery had to pay the Multi-State Lottery Association $539,000 for its share of the contributions on November 17.