Bolstered by competition from Maryland and Virginia, lottery revenue in the District of Columbia is on the rise again after a five-year sales slump.
According to a statement issued late last month by D.C. Lottery officials in commemoration of the agency's 30th anniversary, it also celebrated a lucrative 2012 fiscal year, providing a big win for the city services that gain financial support from the lottery.
"The lottery is grateful to its loyal cadre of players who are responsible for these results and the impact they will have in the District to help support essential city services like education, public safety, and infrastructure," said Buddy Roogow, executive director. "As we close our 30th year of delivering superior gaming experiences, we remain appreciative of the opportunity to serve and are thankful for the chance to continue the winning."
Lottery revenue in the fiscal year that ended Sept. 30 totaled nearly $250 million. That falls below the all-time sales high of $266 million from 2006, but it's still a nearly 8 percent jump from the prior fiscal year, according to the statement issued late last month.
In 2012, total sales revenue was nearly $250 million, an increase of over $18 million or nearly 8 percent over the previous year, making 2012 the fourth highest sales year in the D.C. Lottery's 30-year history, and the greatest increase in sales since 2006. A a result, more than $66.4 million was deposited in the city's General Fund, representing an increase of more than $4.2 million from the previous fiscal year.
(Source: D.C. Lottery)