Israel Enjoys Booming Lottery
July 16, 2013 – As reports of record-breaking sales numbers roll in at the end of the U.S. fiscal year, lotteries overseas are enjoying success as well.
In Israel, the national lottery Mifal HaPayis reported Sunday that it had generated about NIS (New Israeli Sheqel) 2.9 billion in revenue – equal to nearly $815 million – in the first six months of 2013.
These returns put Israel’s Lottery well ahead of last year’s revenues. In 2012 they generated more than $1.4 billion in sales.
Six months in, they stand about 14 percent ahead of where they were last year, according to the Jewish Press.com.
Israel is a Middle Eastern nation on the shore of the Mediterranean, just northeast of Egypt. It is about the size of Vermont, yet almost 8 million people live there, compared to only 600,000 or so in Vermont.
According to this week’s numbers from Israel’s Mifal HaPayis, Israelis love their lottery. With 14 percent more revenue for the rest of the year, they could be looking at almost an extra billion NIS – $200 million – in revenue.