Idaho Lottery profits on the rise again in 2011
BOISE, IDAHO – The Idaho Lottery on Tuesday reported its biggest profit payout to the state yet, at $37 million. This figure is half a million dollars more than last year and the eighth consecutive increase in profits for the lottery.
All proceeds from the Idaho Lottery are split between Idaho’s public schools and a fund that maintains state buildings.
The fiscal year 2011 ended on July 1st and the Idaho Lottery had $147.2 million in sales. Idahoans have won seven high-profile jackpots of more than $1 million in that time, including multi-state games in which the Idaho Lottery participates.
Butch Otter, Governor of Idaho said, “Every dollar that the lottery contributes is a dollar less that comes out of taxpayers’ pockets.”
Idaho Lottery Director Jeff Anderson called the just-ended fiscal year a “banner year” for the lottery and its players.
Idaho retailers also did well this year, earning a record $8.9m in commission on lottery ticket sales.
source: The Spokesman-Review
Published: July 21, 2011
