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Study: Hoosier Lottery has worst financial decline in USA

Sep 24, 2009, 2:40 pm

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Indiana Lottery

Another state with computerized drawings fares poorly

Has Indiana considered boldly changing back to real drawings?

Proceeds from Indiana's lottery were down by more than 17 percent in the past fiscal year, marking the sharpest decline in profits nationwide.

Hoosier Lottery proceeds fell by nearly $40 million. The state's profit from scratch-off tickets, Powerball and other lottery games dropped from $217 million in the 2008 fiscal year to $178 million in fiscal year that ended June 30.

Lottery officials said the decline is caused in part by the recession and a lack of big jackpots.

The Indianapolis Star reported Thursday that a study by the Nelson A. Rockefeller Institute of Government at the State University of New York found Indiana's drop in lottery profits was the sharpest of any state that has a lottery.

Last month, lottery officials said that its revenue was down 11 percent from the same period last year.

"We're doing research. We are talking to our players. We are talking to our retailers, talking to our vendors to make sure we have the correct games in play," said Andrew Reed, of Hoosier Lottery, in August.

The decline includes all types of games, from scratch-offs to pull tabs, daily draws and the big prizes.

The Hoosier Lotto was hit a record 13 times in the 2009 fiscal year.

Nationwide, lottery revenues were down almost 3 percent, the study indicated.

Thanks to vistaguy for the tip.

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