Local

Iowa Lottery Well Over Projected Income

Photo: clipart.com

Iowa Lottery Well Over Projected Income

With the numbers complete for May, the Iowa Lottery is already well over its projection for income in this fiscal year that ends June 30th. Lottery C-E-O, Terry Rich, says their budget projected a profit of 62-million dollars.

The alignment of the stars Rich talks about came in the form of some big Powerball jackpots that drove sales.

The Powerball format was changed to increase the cost of a ticket from one to two dollars with the idea of creating bigger jackpots.

The instant scratch tickets are still the top selling product of the Iowa Lottery. Their sales appear to be getting some boost from the sales surge created by the huge Powerball jackpots.

The sales of scratch tickets are up around 12-million dollars at the end of May compared to the same time last year. Rich says the lottery business can by cyclical, but he thinks sales will remain strong through the rest of this fiscal year and into the next one.

Recent Headlines

in Local

Clean Up Underway After Strong Storms

Dakota City storm 90114

Clean up is underway in Dakota City Nebraska and Sergeant Bluff Iowa after strong storms moved through late Sunday afternoon.

in Local

US Facing Critical Issues in the Mid-East

john thune

South Dakota Senator John Thune says the US needs strong leadership to confront terror in the mid-east.

in Local

Labor Day Time to Push for Higher Wages in South Dakota

Money Coins

South Dakota voters can decide on a higher minimum wage in the November election.

in Local

SD Legislative Committee Asks EB-5 Participant to Appear

JeanHunhoff131

The Government Operations and Audit Committee of the South Dakota Legislature has asked Joop Bolen to appear at it's September 24th meeting.

in Local

South Dakota Now Top Hydro-power State

mo river 51412

The Wall Street Journal says South Dakota now is one of the top hydro power producing states in the country.