Give Now

Hoosier Lottery Sets Record Revenue, Falls Short Of Goal

hoosier lottery

Photo: Courtesy: Hoosier Lottery

The money from the Hoosier Lottery goes to public employee pension funds and development projects.

The company running the Hoosier Lottery set a record for revenue in their first full year, but it fell just shy of the revenue level it guaranteed the state.

GTECH generated $250 million in surplus revenue for the state for the 2014 budget year. It had promised to generate $256 million.

But Hoosier Lottery executive director Sarah Taylor says that doesn’t worry her. In fact, the company has a new goal $320 million for the current budget year.

“We’re very pleased on how the first year ended, we are looking forward to a long term relationship,” Taylor said.

The money from the Hoosier Lottery goes to police, fire and teacher retirement funds as well as a separate state fund for development projects.

According to the contract, GTECH has to pay a penalty if it does not meet its goals.

Taylor says the company has already paid the state for last year.

Want to contact your legislators about an issue that matters to you? Find out how to contact your senators and member of Congress here.