Annual Report for Fiscal Year 2013

 

$223.8 MILLION IN RECORD DIVIDENDS TO THE COMMONWEALTH

Download Fiscal Year 2013 Audited Financial Statements
Download Fiscal Year 2013 Annual Report
LOTTERY BREAKS SALES AND DIVIDEND RECORDS IN FISCAL YEAR 2013

Kentucky Lottery Corporation (KLC) sales for Fiscal Year 2013 were $846.6 million (including $35.8 million in free tickets). This breaks the old sales record established in FY12 of $823.5 million by 2.8%.

These sales also led to record-breaking proceeds returned to the Commonwealth. A total of $223.8 million was earned for scholarship and grants programs funded by the Kentucky Lottery, breaking the old record set last year of $216.4 million. This is a 3.4% increase. Unclaimed prizes, which are directed by law to the KEES scholarship reserve fund, were $9.2 million versus $8.3 million in FY12. In addition , the Commonwealth received $3.6 million in taxes withheld from prizes.

Cash prizes paid to players were $494.9 million, up from the $459.2 million mark in FY12.

Scratch-off ticket sales also rose to a record level of $522.2 million versus $505.9 million last year. Draw game sales rose to $324.4 million (their second-highest level in KLC history) from last year’s 317.6 million. Retailers also enjoyed record-breaking commissions of $52.2 million, up from FY12’s $50.9 million figure.

The lottery's biggest selling instant tickets were in the $5 price point, and $20 tickets saw the largest percentage sales jump with a 12.3% increase. The KLC revamped the entire scratch-off ticket program with a number of changes, including reducing the number of free tickets offered as prizes instead of a cash prize equal to the purchase price of the ticket, and reconfiguring some prize levels. As a result, sales of this product line rose to historic levels.

The increase in draw game sales was primarily driven by a record-breaking $590.5 million Powerball jackpot in May 2013.

Even though sales rose by more than $23 million, operating expenses for FY13 ($26.4 million) were actually $800,000 lower than the previous year.
Past Winners
Sold at Smoker Friendly Discount Tobacco
LaGrange, KY
Cash Ball
Prize:$200,000