Powerball sales drive up Kentucky Lottery profit

LOUISVILLE, Ky. (AP) - The Kentucky Lottery Corp. has collected a jackpot of its own after the eight-week Powerball run that ended with two tickets in Missouri and Arizona hitting the $587.5 million prize this week.

The lottery said Friday that Powerball ticket sales between Oct. 6 and Wednesday totaled $22.5 million, including $5.5 million just on Wednesday. Chief Financial Officer and Senior Vice President of Finance Howard Kline said the run generated $9 million in profits for Kentucky.

The numbers also helped boost overall sales for the period from July through October to $270.1 million. The lottery said the amount is $19.1 million or 7.6 percent more than the same period last year but $4.2 million or 1.5 percent less than budgeted.

There were two other large Powerball runs during the period.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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