July 21, 2011
Delaware Lottery Sets Record in Fiscal Year 2011
The Delaware Lottery announced that it set a new record in profit from combined game revenues during the 2011 fiscal year (for year ending June 30, 2011). Because of the increase in total game play, the Lottery’s contribution to the State General Fund was $287 million. This amount represents an $11.5 million, or 4% increase over the previous fiscal year.
“This year’s success is due not only to the addition of new games, but also to the State’s investment in the human resources and technology required to effectively manage those new Lottery’s products,” said State Lottery Director Wayne Lemons. “We realized an increase in ticket sales and a strong year in total revenues from Video Lottery, Sports Lottery, and Table Games at the State-licensed racinos. As a result, all Delawareans will benefit from a record General Fund contribution generated and delivered under sound business practices.”
The Lottery’s record General Fund contribution is comprised of the State’s share of net proceeds from Video Lottery, Sports Lottery, and Table Games operations at the three licensed horse racing facilities in Delaware and net operating profits from lottery ticket sales at approximately 550 licensed retail businesses located throughout the State. The General Fund is the pool of dollars that finances the majority of state services in Delaware in such areas as education, public safety and protecting the environment.
“Sales and profits from traditional ticket games increased over last year, which has certainly represented a major source of income for the State since the 1970s,” added Lemons. “The introduction of ticket games like DELAWARE CASH 5®, and the implementation of table games and sports lottery games at the three horseracing facilities this year were instrumental in maximizing our contribution to the General Fund while also delivering a variety of fun, new games to our players.”
Since the start of operations in 1975, the Delaware Lottery has contributed more than $3.3 billion to the state’s General Fund to help finance needed state services that benefit everyone in Delaware. The Lottery offers a variety of games: POWERBALL®, MEGA MILLIONS®, HOT LOTTO®, FAST PLAY®, MULTI-WIN LOTTO, PLAY 3, PLAY 4, CASH 5® and assorted Instant Games. Delaware Lottery game and promotional details are available at delottery.com, at licensed retailers, and from the Lottery's office in Dover.
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