The Texas Lottery came up shy of hitting a new record for sales.
In fiscal year 2024, which ended Aug. 31 for the state, Texas produced $8.39 billion in lottery purchases. That was a 3.8% decline from FY23’s $8.73 billion.
Still, it marked the second-highest sales total ever for the state. It was also the fourth consecutive year that the Texas Lottery surpassed the $8 billion milestone.
Texas doesn’t have an iLottery, but all five lottery courier services operate within the state to aid in yearly sales.
Scratch tickets account for nearly 80% of lottery sales in Texas
Scratch tickets took up most of the yearly sales in Texas, according to a report it released this week.
For FY24, the product had $6.64 billion in sales, which accounted for 79.2% of the total.
Compared to FY24, scratch purchases were down 1.3%. Last year saw a record with $6.73 billion in sales.
The Texas Lottery is one of the few in the US that offers a $100 price point for scratch tickets.
In FY24, the state released its third $100 game, “$400 Million Mega Bucks.” The title generated $189.6 million in sales on its own.
Overall, the $100 price point led to $669.7 million in purchases, or 10.1% of the scratch total.
The leading price point for the year in Texas was $20, which generated $1.55 billion in sales. The $10 price point wasn’t far behind, establishing $1.49 billion.
Along with having all five couriers, Texas is one of the few states in the US that has two different online scratch options.
Couriers Lotto.com and Jackpocket both offer online sales of select scratch games from the state.
Texas Lottery draw games down significantly
Draw games saw a big drop in sales for FY24.
Texas produced $1.75 billion from the products, down 12.6% from the $2.0 billion it did in FY23.
That goes against the national trend, as most states saw an increase in draw game sales thanks to large jackpots from Mega Millions and Powerball.
Of the FY24 sales data that PlayiLottery has, Texas endured the biggest year-over-year decline in draw games. However, most states end their fiscal year on June 30, so Texas’ timeline with the popular multistate games is a little skewed. The jackpot impact was not quite as large for it as some of its peers that had a different fiscal year timeline.
In-state games accounted for $810.1 million of the total in FY24. That was 46.4% of the draw game purchases.
State contributions pass $2 billion again
FY24 sales led to a contribution of $2.01 billion to the state.
This marks the 21st consecutive year that the Texas Lottery has generated over $1 billion for the state. It’s the second consecutive year it has transferred more than $2 billion.
Only Florida ($2.4 billion) and New York ($3.8 billion) have provided more funding from their state lottery in FY24.
Photo by Talaj via Shutterstock
Graphic from the Texas Lottery