New Jersey Lottery Reports Drop In Revenues In Fiscal 2015
TRENTON, N.J. (AP) — The New Jersey lottery says its revenue in fiscal year 2015 was $960 million, down from $965 million the previous year.
Lottery executive director Carole Hedinger announced the figure to lawmakers Tuesday during an oversight hearing.
Legislators are examining the state's 2013 contract with Northstar, which oversees sales and marketing at the lottery.
The state projected in 2014 that the lottery was initially expected to bring in $1.04 billion in fiscal year 2015.
Hedinger says the lower revenues reflect a national trend of changes in consumer behavior.
Gov. Chris Christie entered a 15-year contract with Northstar New Jersey Lottery Group in 2013 to oversee parts of the state lottery.
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