Halting ticket sales cost $4 million to Illinois

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By admin July 13, 2017 14:28

Halting ticket sales cost $4 million to Illinois

Illinois Lottery states to lose around $4 million by stopping the sales of Mega Millions and Powerball lottery game tickets. The suspension of Mega Millions and Powerball ticket sales came into effect due to the state budget stalemate.

Reason behind halting ticket sales

Illinois Lottery announced to stop the sales of popular games because lottery wasn’t able to make payments to big prizes. Last month Illinois Lottery officials said that without a state budget making payments to prize pool wouldn’t be possible. As Illinois Lottery cannot pay prizes above $25,000, this was the main reason behind this significant move.

The Powerball suspension was effective from 9 p.m. CT on June 28, and the Mega Millions suspension came into effect on Friday, June 30 at 9:45 p.m. However, Illinois still sold in-state tickets for other games such as Lotto, Lucky Day Lotto, Pick 3 and Pick 4 games. And, earlier it was stated that this suspension of sales in Powerball and Mega Millions ticket hasn’t factored much. But, according to Chicago Tribune report that quotes Lottery Chief of Staff Jayme Odom, the suspension seems to cost big. He says, “Illinois lost about $2.4 million revenue from Powerball and about $1.5 million from Mega Millions during the hiatus.

Mega Millions and Powerball ticket sales resumed on Thursday night. It ended after lawmakers voted to override Gov. Bruce Rauner’s veto of $36 billion budget package to end the years-long impasse.

admin
By admin July 13, 2017 14:28
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