Kentucky Powerball Sales Drop
Lottery officials say Powerball sales in Kentucky fell more than 27 percent for fiscal year 2011, amounting to a $72 million drop.
Lottery chief financial officer Howard Kline says the reason is mainly the lack of large jackpots. The lottery made up some of the difference with increases in sales of Mega Millions and scratch-off tickets.
Lottery President Arch Gleason told the board that Powerball changes planned for January, including raising the price per play to $2, should help the decline.
Overall, sales of online games – Powerball, Mega Millions, Pick 3 and Pick 4 – fell $8.4 million, or 2.7 percent.
The lottery said Monday total sales for the year were $772.3, down $200,000 from last year. But dividends to the General Fund rose 2 percent to $204.8 million.
