Indiana lottery sets record sales

The lottery from Indiana, Hoosier Lottery, has reported a record in the number of sales and tax reserves sent to the state.

US.- The Hoosier Lottery from Indiana has revealed the financial results from fiscal 2019, a period in which it has experienced record sales. The Indiana lottery also paid US$859 million in prizes, around US$63 more than what it had reported in 2017.

Sarah Taylor, executive director of the Hoosier Lottery, explained that the lottery reached its goals as the payout percentage remained steady in recent years, The Journal Gazette reported. “We are also trying to do better with winner awareness. As sales increase, so goes the winning opportunities to our players, so it’s important for us to message,” she said.

Sales jumped from US$1 billion in 2015 to US$1.34 billion last year. Ever since the lottery launched, around US$14 billion has been directed to winners and US$6 billion to the state in taxes.

Indiana increased sports betting revenue in October

The launch of online sports betting and increased visitation from Chicago bettors have helped Indiana achieve impressive results in October.

The retail and online sportsbooks in Indiana posted a combined US$91.7 million in revenue in October. This figure represents a 161% increase from the US$35.2 million generated in September.

Adjusted gross revenue for sportsbooks in the state totalled US$11.5 million, which is a 34% increase from US$8.6 million the previous month. Approximately 45% of that number comes from betting on the NFL, the local commission said.