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Hoosier Lottery pleased with performance despite missed targets

20th August 2014 7:15 am GMT

The Hoosier Lottery (Indiana) has fallen short of its net income target for the 2014 financial year, with the lottery’s private manager GTECH Indiana fulfilling its obligation to fund the shortfall.

Despite generating a record surplus of revenue during the year and reducing expenses, the lottery’s net income was $1.6m below its target of $256m for the period.

As a result, GTECH was forced to fund the net income shortfall in order to fulfil its obligation under [...]

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