Ad
Ad
Ad

The Georgia Lottery Had Another Record Year of Profits in Fiscal Year 2019, Gross Tickets Sales Increased by $178.2 million, or 3.9 % as Compared to 2018

January 20, 2020 | Lottery News

ATLANTA, Georgia (December 30, 2019) – According to local media reports the Georgia Lottery’s Mega Millions ticket sales soared 58% in 2019, driven by huge jackpots.

During the state’s 2019 fiscal year, which ended June 30, the Georgia Lottery’s Mega-Millions sales increased $73.5 million or approximately 58.6% to $199.1 million, compared to $125.6 million in fiscal year 2018, according to the Georgia Lottery’s new annual audit report released Dec. 27.

The size and frequency of jackpots are the primary drivers for Mega Millions sales,” the report notes. “…The Mega Millions jackpot exceeded $400 million on three occasions during the year, reaching a high value of $1.537 billion in October 2018, $522 million in June 2019 and $437 million in January 2019.

The Georgia Lottery’s total ticket sales for fiscal year 2019 were $4.776 billion as compared to $4.598 billion in 2018, an increase of $178.2 million, or 3.9 % as compared to 2018. Gov. Brian Kemp announced in July that the Georgia Lottery transferred its fiscal year 2019 profits, a total of $1,207,369,000, to the state treasury. The amount was the largest annual transfer in the Georgia Lottery’s 26-year history, bringing the total raised for education to more than $21 billion.

The Georgia Lottery increased its advertising spending in 2019, spending $29 million, which was up from $25.3 million the year before.

The Georgia Lottery’s new audit report shows which games were the most successful for the state last year.

Gross scratcher ticket sales increased $77.6 million during fiscal year 2019, from $3.142 billion in 2018 to $3.219 billion.

Scratch-games at the $10 price point generated $721.6 million in revenue in fiscal 2019, continuing to be the largest scratcher game segment, the report said. This was a $62.7 million increase over 2018. The top games at this price point included 50X The Money, $100 Million Cash Extreme, Monopoly 50X and Royal Riches. The top-selling games at this price point, 50X The Money and $100 Million Cash Extreme, generated sales at $120 million and $78 million respectively. Eight new games collectively contributed $330.6 million.

Ticket sales at the $5 price point totaled $600.7 million in fiscal year 2019 making it the second-largest scratcher game segment, the report said.

The $20 price point category contributed $554 million in ticket revenue, an increase of $48.2 million or 9.5% in 2019, making it the third largest segment in terms of overall scratcher sales, the report said.

For fiscal year 2019, draw game sales were $1.516 billion, an increase of $81.1 million, or 5.7% above the 2018 draw sales of $1.434 billion, the report said. Cash 3 sales decreased by $7 million to $518.4 million in 2019 compared to $525.4 million in 2018. Cash 3 experienced 17 high payout draws (greater than $1 million) during the year, the report said.

Click here to download the Georgia Lottery Corporation Fiscal Year 2018 and 2019 Audit Report

This is the fiscal year 2018 and fiscal year 2019 audit report for the Georgia Lottery Corporation. This audit was performed by other independent auditors.

Year: 2019

Release Date: 12/27/2019

Category: Audit Reports

SOURCE: Georgia Lottery Corporation.

Tags: