Florida Lottery sales hit $9.8 billion during the fiscal year that ended June 30, but that was $184.1 million below what was expected, according to a report from state economists.
Sales during the 2022-2023 fiscal year were up from $9.32 billion during the previous year. But the state Revenue Estimating Conference attributed the failure to meet the 2022-2023 projection to “flagging” scratch-off sales.
Scratch-off sales were 2.7 percent lower than anticipated. Proceeds from the lottery go to what is known as the state Educational Enhancement Trust Fund. Based on lottery receipts from 2022-2023, $2.374 billion will go to the trust fund, a third consecutive year topping $2 billion, according to the economists.
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The total, however, is $123.8 million less than projected. The economists also are projecting a decline in sales to $9.277 billion in the current 2023-2024 fiscal year.
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