Louisiana Lottery Company announced on May 7 that in the third fiscal quarter ended March 31, Louisiana Lottery Corporation's revenue was $123.9 million, a figure down 5.7% from the third quarter last year and $16 million from the same period last year. A total of $43.3 million was transferred to the treasury this fiscal quarter to support the state's education cause.
Although the overall decline in Louisiana lottery is still within acceptable limits, sales of multi-state games such as Powerball and Mega Millions have fallen by 30%-50% before the governor issued a "stay at home" order. "Lottery buyers are looking forward to the jackpot, but the recent decline in the prize pool of joint lottery tickets in multiple states has weakened its appeal, exacerbating this vicious cycle," said Rose Hudson, president of Louisiana Lottery Corp., in a press release. "Handle, Lottery buyers are still open at the beginning of the health crisis caused by the COVID-19 pandemic, and many retailers choose not to sell lottery products due to the decrease in staff and working hours and the decrease in customer interaction required to handle lottery transactions.
The state lottery also adjusted the prize collection process. Starting from May 1, any Louisiana lottery winner or scratch lottery winner can send a photocopy of the winning lottery back to the winning company to collect as long as the winning amount does not exceed $5,000. This emergency rule change is designed to reduce the chances of interpersonal contact.
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