The Minnesota Lottery is expecting extra revenue from sales this year and attribute the record sales to their scratch-off offerings.
The Minnesota Lottery has seen high sales this fiscal year, and credits this rise to the popularity of their scratch-off games.
Over the past decade, scratch sales for the Minnesota lottery have grown on an average of 3.4% per year. Draw games had seen a slow decrease, but gained morem omentum last year with the revamp of the Powerball game, which allowed for higher jackpots and more ways to win.
This year, scratch-off games have proven to lead in the growth of the Minnesota Lottery. For the fiscal year 2013, the Minnesota Lottery expects to see record sales totaling close to $358 million from scratch-off games alone. This is approximately $150 million more than the other lottery’s products combined, making scratch-off games the largest provider for Minnesota Lottery revenue.
Scratch-off games attract players with their bright colors, fun themes, and the fact that they offer instant gratification for lottery players. Players know they don’t have to wait to find out if they win. While some believe these games cause addiction to gambling, the Minnesota Lottery says that is not the intention. The Minnesota Lottery has given roughly $2.2 million per year to help with problem gambling. The Minnesota Lottery has also given more than $2 billion to the state budget and environmental programs since it began in the 1990s.
Scratch-off games are fun to play and provide multiple ways to win. The overall odds of winning any prize amount on a Minnesota Lottery scratch-off game varies between 1 in 3 to 1 in 4 depending on the game. The chance of winning $1 million from the $30 Minnesota Lottery game is 1 in 405,773, which is the highest possible prize for a Minnesota scratch-off.
The Minnesota Lottery is proud to boast record sales and hopes they will continue to grow and provide revenue for the state of Minnesota.