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Income Up For Hoosier Lotto

The Hoosier Lottery is on pace for a record revenue year, thanks in part to higher Powerball ticket prices and jackpots.

The lottery projects that revenue for its 2013 fiscal year ending June 30 will be $945 million, about 9.5 percent more than last year’s record of $855.6 million.

That does not mean that the state will be rolling in cash.

Lottery officials are forecasting net income at $227.6 million, about $200,000 more than last year’s result.

One thing that is helping is the large Powerball Jackpots that encourages the sale of more tickets.

Powerball tickets cost $2, and jackpots now start at $40 million, instead of $20 million.

The lottery’s forecast predicts total Powerball sales will hit $140.4 million, a 28-percent jump over last year.

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