Hoosier Lottery could see record revenue in fiscal year 2019

(Photo supplied/Hoosier Lottery)

INDIANAPOLIS (AP) — The private company that runs most of the Hoosier Lottery’s operations says the state lottery could rake in record revenue this year.

A financial report IGT Indiana presented Tuesday to the Hoosier Lottery Commission shows that by late March it had sold $1 billion worth of tickets during fiscal year 2019.

IGT Indiana expects that revenue to increase to a Hoosier Lottery record $1.33 billion before the fiscal year ends June 30.

The Indianapolis Business Journal reports the increased revenue was apparently driven by higher sales in big jackpot draw games, like Mega Millions and Powerball.

Mega Millions ticket sales soared in Indiana in October when the jackpot reached $1.6 billion.

The lottery’s chief of staff, Carrie Stroud, says big lottery jackpots have “really helped contribute to our increased revenues.”

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