Arizona Lottery reaches $1 Billion in Annual Sales
The state agency has cited the sales of instant tickets, sizable national jackpots and the overall expansion of its business as the main driving force behind such a result.
More Details to be Revealed Next Month
Although the detailed information will not be made available before the end of the current fiscal year, on June 30, it has been revealed the current lottery sales have already surpassed the last year’s result of $981 million!
The previous fiscal year was a record-breaking one as well, generating 15.2% more revenue that the year prior to it.
The Arizona Lottery is on the way to set another new record, as it’s estimated it will give back more than $220 million to the state. These funds are then used for 18 public programs and government agencies. Last fiscal year, around $120 million went to the state’s general fund, $40 million went to universities, while $21 million went to the state Department of Health Services.
According to available information, from every dollar earned during fiscal 2018, 66 cents went for prizes, 22 cents for public programs, while retailers got almost 7 cents.
However, probably the most important news is that we can expect more record to be set this fiscal year. This includes the state’s own draw game, The Pick, offering a staggering $14.6 million jackpot!
Hard Work Paid Off
Commenting on the excellent results, Executive Director for the Arizona Lottery, Gregg Edgar said it was great news, as the Arizona Lottery had worked hard for almost 38 years to reach this goal and help make dreams come true for Arizonans by paying billions in prizes and awarding billions more to beneficiary agencies over the years.
Lottery spokesman, John Turner Gilliland pointed out that Arizona ranked 21st in aggregate sales while it held the No. 2 position for instant-ticket or scratcher sales growth.
Gaming in Arizona was also boosted by the recent announcement by Harrah’s AK-Chin Hotel Casino in Maricopa of another important investment. The venue revealed its three-year, $180 million expansion/renovation, which was initially announced almost four years ago.
After the expansion is completed, the number of hotel room will be increased from 300 to 529, while two new restaurants will be added as well. Other improvements will include expanded garage space, a new concert/events centre with seating for more than 2,000 guests, a new spa/fitness centre and a brand-new bingo hall.
The casino is among the largest employers in Pinal County, with some 900 workers, which means it has a significant impact on the local economy. With more than 700,000 visitors every year, it would also bring more benefits for local merchants.
Sports betting hasn’t been made legal in the state yet, with Native American tribes being the biggest opponent of such a move, as they see it as a threat to their existing casinos.