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

Water Management Policy is the Focus in Pierre Today

James River II

The Regional Watershed Advisory Task Force of the South Dakota legislature is meeting to discuss water management policy.

in National

Grand jury reaches decision in Michael Brown shooting

michaelbrown

An announcement on whether a grand jury has indicted a white police officer in the fatal shooting of an unarmed black teenager is expected this afternoon.

in National

Hagel resigns as Defense Secretary

hagel1

Hagel was appointed less than two years ago as Obama pushed his signature program of winding up wars in Afghanistan and Iraq.

in Local

Prison Delays May Cause Legal Action

money 20

Iowa’s top prison official says legal action is likely against the designers blamed for months of delays in opening a new state prison.

in Local

Officials Say Power Transmission Line Would be Good For Nebraska

electric poles

Officials say the high-voltage electrical transmission line that's proposed to cut through 220 miles of Nebraska's Sand Hills region is designed to have a positive impact on the entire state's power infrastructure.