Watch CBS News

Federal Stimulus Money Could Give Bump To Florida Lottery Sales

TALLAHASSEE (CBSMiami/NSF) - Federal stimulus checks could provide a short-term boost to Florida's lottery, while play is expected to slow later amid widespread vaccination against COVID-19.

A state panel known as the Revenue Estimating Conference noted lottery games, particularly scratch-off tickets, saw increases when Floridians received earlier federal coronavirus relief checks. The panel expects the trend to continue as a new round of checks arrive through a stimulus package signed into law this month by President Joe Biden.

"The conference increased the overall sales forecast by $594 million in fiscal year 2020-21 based on the expectation that the pandemic-induced activity will continue throughout the remainder of the year," the panel said in a summary released Thursday. "With the widespread distribution of a vaccine expected early in fiscal year 2021-22, sales are projected to decline 7.3 percent or $641.5 million from the prior year."

The forecast would increase the expected transfer of lottery money to the state's Educational Enhancement Trust Fund by $164.2 million for the current fiscal year, which ends June 30, and by $55.1 million next fiscal year.

(©2021 CBS Local Media. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. The News Service of Florida contributed to this report.)

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.