Lottery profits add $2.8 million to state budget - KWWL - Eastern Iowa Breaking News, Weather, Closings

Lottery profits add $2.8 million to state budget


Officials say profits from the Iowa Lottery will add $2.8 million more to the state's budget than was projected.

The better-than-expected proceeds means that some state programs could see fewer cuts.

According to Gov. Chet Culver's office, the state ended the fiscal year on June 30 with a $58 million shortfall. Officials say various rainy day funds and the lottery profits will help close that gap.

Lottery officials had estimated that sales would be down by about $15 million. Instead, sales were down only about $6 million. They noted that because the lottery also spent less money, the state's general fund budget will get nearly $3 million more than was projected earlier this year.

The new numbers were released on Thursday.

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