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With lower game interest and participation amidst the COVID-19 stay-at-home orders, it’s no surprise that the State lottery revenues have faced a massive hit. Lousiana lottery officially announced that this dip in sales would affect the proceeds used to help the K-12 public education.
According to the Louisiana lottery law, at least 35% of the proceeds of the lottery are to be transferred to the treasury and public education. And about 53% of sales fund prizes and less than 6% is responsible for running the lottery.
The third quarter of this fiscal year observed a decrease of 5.7% as compared to the last year’s third quarter.
However, the multi-state games such as Powerball and Mega Millions have seen a massive decrease in sales which has further led to the decrease in Jackpots. Scratch-offs on the other hand have seen a boom in sales for the first nine months of the fiscal year. Considering that the Scratch-off games make up about 49% of the total lottery sales.
Louisana lottery states that they provide compensations to nearly 3,000 vendors in Louisiana including convenience store chains, family-owned small businesses, and grocery stores in addition to its employees. This total contribution has somewhat affected the public education amid the health crisis.
The lottery is all set to explore alternative strategies to address a new post-COVID-19 reality and remain relevant among the current circumstances, including smart customer service solutions.
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