More than $1 billion worth of powerball tickets were sold at a Texas lottery store in the latest surge of ticket sales in the state’s recent economic downturn.
The lottery’s sales have been a boon for the local economy, with hotels and restaurants opening and new businesses opening up across the state.
In fact, it’s the first time since the state expanded its lottery system in 2009 that Texas has been in a state of economic recovery.
“We’re back in a better economic place than we’ve been in the last decade,” said Jeff DeMunzer, a vice president of the lottery company.
“The unemployment rate has been down, the number of jobs has been up, and there’s been more people moving to Texas.”
The lottery, which had a record-breaking opening weekend in 2013, had been in deficit for several months.
“Lottery sales have grown exponentially this year, with our monthly total in the lottery system now approaching $4 billion,” said Craig Stapleton, a spokesperson for Texas Lottery.
“That’s more than $700 million of the $1.6 billion budget for our budget in fiscal year 2017.”
The surge of sales has come as state and local governments are struggling with the fallout from the state-sponsored healthcare overhaul, which many have said will lead to higher healthcare costs and fewer jobs.
Many residents and businesses across Texas, particularly in the Dallas-Fort Worth area, have been forced to lay off workers in the past few weeks and rely on public assistance to make ends meet.
“Texas Lottery is pleased to have been selected to represent the State of Texas in the 2018 Powerball Powerball jackpot,” said the lottery’s website.
“In 2018, Texas Lotteries Powerball ticket sales have increased by an incredible 2,400% and continue to be one of the most popular games in the world.”