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Hoosier Lottery Generates Record Revenue For State

indiana_lottery_commission.jpg

The Hoosier Lottery generated a record amount of revenue for the state over the last year.

The Lottery Commission unveiled its fiscal year-end numbers Tuesday.

The state will get $312 million from the Hoosier Lottery, based on revenue from the fiscal year that ended in June. That’s the most ever, $6 million better than last year.

The bulk of that money goes into the Build Indiana Fund, which primarily helps reduce the amount Hoosiers have to pay for their vehicle registration at the Bureau of Motor Vehicles. The rest of the lottery money goes to teacher and police and firefighter pension funds.

The private company – IGT Indiana - that runs the lottery exceeded the revenue target it needed to hit, meaning it will get an $11 million bonus this year.

Lottery revenues have increased in five of the six years IGT Indiana has run the program.

Contact Brandon at bsmith@ipbs.org or follow him on Twitter at @brandonjsmith5