KDSN RADIO News
Iowa Lottery sales up slightly through third quarter
(Radio Iowa) – Iowa Lottery C-E-O Matt Strawn says sales are up slightly through the third quarter of the fiscal year. He says the fiscal year 2025 lottery sales of nearly 292 million dollars ($291,913,031)
are ahead of budget projections by nearly eight percent (7.88%),” Strawn says. During an update to the Lottery Board, he says there are several positives. “Instaplay product category sales are up 14-point-one-three percent, Pulltab sales are up 21 point-four-three percent, Lotto America sales are up 20-point-one-nine percent,” Strawn says.
Strawn says sales are mixed overall, with national lotto game sales continuing to struggle. “Mega Million sales are down 21-point-31 percent, Powerball sales are down 53-point-nine-tow percent, and scratch ticket sales have been holding their own for the most part, but are slightly down, four-point-three-two percent (4.32%),” Strawn says. Strawn says the lotto games will have a hard time catching up to last year’s sales in the final quarter of the fiscal year. “That we’re looking at. Last year, Mega Millions climbed to a one-point-one billion dollar jackpot, almost at this exact time last year. And then fast forward a couple weeks, there was a Powerball jackpot last year, April 6th, that approached one-point-three billion dollars, so that’s what we’re up against.” Strawn says.
Strawn says a couple of national polls show consumer confidence is down, and the Lottery faces some “headwinds” in the last quarter. But he expects to finish the fiscal year at or slightly ahead of their budget projections.
