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Gambling in the USA

Kansas Lottery posts positive revenue reports

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7 years ago

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Kansas Lottery posts positive revenue reports
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The Kansas Lottery reported impressive figures for the fiscal year 2018. The results almost match the all-time combined transfer record for traditional lottery and casinos.

The state of Kansas received through the sale of traditional lottery games US$74.7 million in revenue. The four casinos with state-owned and state-operated gaming also totalled US$89 million in revenue. Combined, traditional lottery and casino revenue totalled US$163.7 million transferred to the State in Fiscal Year 2018, slightly below the record combined transfer of US$163.9 million in the fiscal year 2016, WIBW News reported.

Traditional lottery sales in FY18 were US$283.2 million, 4.3 per cent ahead of last year’s sales of US$271.4 million. “I’m grateful to our retailers, staff and players for the good year we’ve had,” said Kansas Lottery Executive Director Terry Presta, and added: “Instant tickets continue to grow as our biggest category. We are up in the two big multi-state jackpot games Powerball and Mega Millions, and sales show players are enjoying our new games, Lotto America and Lucky for Life.”

“While I’m very pleased with this year’s results, it’s next fiscal year that’s going to be the real game changer,” continued Presta. “The Kansas Lottery hopes to have vending machines in stores sometime next calendar year, and our new partner Scientific Games is providing us with a brand new state-of-the-art gaming system with incredibly fast terminals and a whole new central system that’s scheduled to go live at the end of this month. These changes will help create revenue next year and in years to come.”

 

Source: focusgn.com

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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