Illinois Lottery Revenue up 6 PercentSPRINGFIELD, Ill. (AP) - The Illinois Lottery says revenue rose 6 percent during the most recent fiscal year, thanks in large part to stronger sales of instant games and Powerball tickets.
But Crain's Chicago Business reports the record sales and profits are still short of expectations promised by a private manager that was hired by the state three years ago.
Overall, lottery revenue rose to $2.8 billion. From that, $793.5 million went back into state accounts. Crain's says that's $153.6 million less than Northstar Lottery Group promised the state.
The company faces a $20 million penalty for the less-than-expected profits, but Northstar is disputing the size of the penalty it owes.
A company spokeswoman says the Northstar is "looking forward" to next year.
Information from: CRAIN'S CHICAGO BUSINESS.
See other LocalNews news:Iuka Man Sentenced on Methamphetamine Charge
Junction City Man Charged With Failure To Register As Child Murderer
Sandoval Board Clears Way for Hiring of New Animal Control Officer
Police Beat for Wednesday, December 17th, 2014
Odin School Board Once Again Urged To Fire Superintendent