Saturday, August 3, 2013

New Mexico Lottery has a big win

Net sales of approximately $141.8 million were up almost 6 percent ? or $8 million ? in ?FY 2013, according to New Mexico lottery officials.

The New Mexico Lottery raised $43.7 million for Legislative Lottery Scholarships in Fiscal Year 2013, setting a new record.

?This is a very big win for the students and families of New Mexico,? Dan Salzwedel, chair of the lottery?s board of directors, said in a news release. ?Helping young people acquire more knowledge and greater employment opportunities through a college education enriches all of us.?

New Mexico Lottery CEO Tom Romero said revenues from the past six fiscal years have been the highest in the lottery?s 17-year history.

?Our revenue results are strong,? Romero said in a statement.

Net sales of approximately $141.8 million were up almost 6 percent ? or $8 million ? from the last fiscal year, according to lottery officials. The biggest increase was seen in Powerball sales. Players bought approximately $13 million more in tickets for that game than they did in 2012.

The lottery said having fewer over-the-top jackpots in the Mega Millions game was responsible for a $6.2 million decline in ticket sales for that game.

Overall, prizes in FY 2013 came to $77.1 million. Retailers earned $9.1 million for selling tickets and cashing prizes, according to lottery officials.

505.348.8323 | ggerew@bizjournals.com

Source: http://feeds.bizjournals.com/~r/bizj_albuquerque/~3/oaT3bfL6gic/new-mexico-lottery-reports-a-big-win.html

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