Illinois Lottery Revenue Up 6 Percent
SPRINGFIELD, Ill. (AP) — The Illinois Lottery says revenue rose 6 percent during the most recent fiscal year, thanks in large part to stronger sales of instant games and Powerball tickets.
But Crain’s Chicago Business reports the record sales and profits are still short of expectations promised by a private manager that was hired by the state three years ago.
Overall, lottery revenue rose to $2.8 billion. From that, $793.5 million went back into state accounts. Crain’s says that’s $153.6 million less than Northstar Lottery Group promised the state.
The company faces a $20 million penalty for the less-than-expected profits, but Northstar is disputing the size of the penalty it owes.
A company spokeswoman says the Northstar is “looking forward” to next year.
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