Florida Lottery Sales Continue To Grow
TALLAHASSEE (CBSMiami/AP) – Apparently the Sunshine State is feeling lucky as sales of Florida Lottery tickets continues to rise.
The state sold more than $5.36 billion in tickets during the fiscal year that ended on June 30, according to lottery officials.
This is the second year in a row that ticket sales have exceeded $5 billion.
State officials estimate that the increased sales will result in $1.49 billion going to schools and to pay for programs such as the state’s Bright Futures scholarship program.
Florida voters first approved the lottery in 1986, and tickets went on sale in early 1988. Sales initially peaked at $4.2 billion back in 2008 but dropped as the state’s economy soured.
But lottery sales have rebounded as the state has added such games as Mega Millions and witnessed a surge in the popularity of scratch-off tickets.
(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)