The Louisiana Lottery Corp. transferred more than $44 million to the state’s Minimum Foundation Program during the third quarter of the fiscal year, supporting K-12 public education despite lower sales tied to the absence of large multi-state jackpot runs seen in the previous quarter.
The Lottery said third-quarter transfers totaled $44,152,887 on revenue of $148,554,293. The results follow a previous quarter boosted by a $983 million Mega Millions jackpot in November and a $1.8 billion Powerball jackpot in December, along with strong holiday scratch-off ticket sales.
Lottery President Rose Hudson said the latest transfer reflects the organization’s ongoing support for public education in Louisiana.
“Every ticket sold is an investment in Louisiana’s students and classrooms,” Hudson said. “This quarter’s transfer of over $44 million to the Minimum Foundation Program is a testament to the Lottery’s enduring commitment to public education — and with our 35th anniversary scratch-offs and a historic eleven $1 million-plus Powerball winners in April, we’re excited about the momentum heading into the fourth quarter.”
Since operations began in 1991, the Louisiana Lottery said it has generated more than $14.2 billion in revenue, primarily from ticket sales. More than $5 billion has been transferred to the state treasury for K-12 public education funding, representing about 35% of total revenue.
The Lottery also said retailers continue to play a significant role in ticket sales, earning a 5% commission on every ticket sold.
Louisiana law requires lottery players to be at least 21 years old. The Lottery encouraged individuals experiencing gambling-related problems to seek assistance through the state’s problem gambling hotline.