Ohio Lottery reports record $1.4 billion profit

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CLEVELAND, Ohio — The Ohio Lottery made record profits over the past year, bringing in $1.4 billion that will go to the state’s Lottery Profits Education Fund.

From last July to June, the lottery saw $4.3 billion in traditional lottery sales, which include things like Powerball tickets, scratch cards and Keno machines, and $1.3 billion from terminals. video lottery, slot machines used in racinos.

Total sales increased $112 million for the fiscal year from a year ago, according to a press release from the Ohio Lottery Commission. Profits increased by $46 million.

Scratch games led sales with $2.3 billion. The $20 “$300 Million Diamond Dazzler” had $117 million on its own.

Sales of draw games, such as Pick 3 or Pick 4, brought in $2 billion in sales.

The $1.4 billion profit is transferred to the Lottery Profits Education Fund, which supports K-12, vocational and special education programs in Ohio.

The Lottery Commission said it had made many convenience-focused changes, including allowing players to cash out a higher amount on their phone.

Players can now cash out up to $25,000 in winnings on the Ohio Lottery mobile app. Since increasing the limit in February, the lottery said there were 545 claims over $5,000.

The lottery said it also introduced new scratch options for bars and restaurants. According to a press release, game distribution units have been installed in more than 450 locations.

Data shows that lottery profits have grown steadily since 2012, when race tracks started racinos and introduced video lottery terminals.

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