Vice President and Corporate Controller, Maggie Garrison reported strong increases in scratch-off tickets and Keno sales helped lead the gains. He says scratch-off ticket sales for July through December were $294.8 million, a $10.3 million (3.6%) increase. Keno sales jumped $4.4 million (12.7%) to $39.4 million.
Garrison also says the multistate Powerball and Mega Millions games also showed healthy increases. Powerball sales were $42.5 million, a $6.1 million (16.7%) increase, while Mega Millions sales of $17.6 million were up $2.4 million (15.6%). And this was before the large jackpot runs in January that saw both games have simultaneous jackpots over $400 million, Garrison added.
Executive Vice President and Chief Financial Officer, Howard Cline reported on projections looking toward the last half of Fiscal Year 2018. Kline said current projects show sales ending the year at $1.037 billion, which is $3.8 million (0.4%) higher than what was budgeted.
President and CEO Tom Delacenserie says sales are up due to solid performances from their jackpot games and scratch-off products, and they have been able to do this all while lowering operating expenses by almost $700,000, which is 4.7%less than last year. He adds they have some innovative games — especially in the scratch-off product — planned for the last half of the fiscal year, so they anticipate ending on a strong note.
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