Iowa lottery official says lottery profits to top $70 M - KWWL - Eastern Iowa Breaking News, Weather, Closings

Iowa lottery official says lottery profits to top $70 M

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DES MOINES, Iowa (AP) -- A top Iowa Lottery official says profits for the fiscal year that ends June 30 should top $70 million.
  
Iowa Lottery Chief Executive Officer Terry Rich tells The Des Moines Register reports that for the 10 months ending in April, the lottery had pulled in a profit of $63.2 million on gross sales of $272 million.
  
Rich says $164 million was doled out in prizes to lottery players. Profits for the previous fiscal year totaled about $74 million, based on gross sales of $314 million and prizes of $187 million.
  
Rich says ticket sales are exceeding the year's expectations and the five-year average.

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