Kentucky Lottery forecasting record sales

LOUISVILLE, KY (AP) - The Kentucky Lottery Corp. board is forecasting record sales of $813 million for the 2011-12 fiscal year that starts July 1.

The board, in adopting the operating budget on Friday, predicted the jump in sales from a projection of $774 million for the current year. The record for ticket sales was $810.5 in 2008-09.

Lottery president and chief executive officer Arch Gleason told The Courier-Journal that the lottery is also forecasting significant sales from a new online game that will be introduced.

The new budget also forecasts a return of nearly $220 million to the state treasury, including nearly $211 million for scholarships, grants and higher education and programs and $9 million in unclaimed prizes for the Kentucky Educational Excellence Scholarships reserve fund.

(Copyright 2011 by The Associated Press. All Rights Reserved.)