Powerball: Louisiana Lottery Corporation
Louisiana Lottery Corporation began in 1991 after the 1990 state Legislature proposed a state lottery (ACT 1045) as a way to generate revenue without increasing taxes. Due to the Lottery’s unique operations, the Legislature recognized a corporate structure would suit it best.
Voters also liked the idea and passed a constitutional amendment in 1990 creating the LLC by a 69% to 31% margin.
In 2011, the Lottery celebrates its 20th Anniversary from the sale of its first scratch-off on Sept. 6, 1991.
In 2003, voters passed another constitutional amendment to dedicate Lottery proceeds to the Minimum Foundation Program that funds public education in Louisiana.
Public trust is paramount to the Lottery’s success. To ensure the highest level of accountability, the following have varying degrees of oversight over the corporation, including its budget, drawings and administrative rules.
Governor of Louisiana
Joint Legislative Committee on the Budget
Senate Judiciary B Committee
House Committee on Administration of Criminal Justice
Attorney General
Board of Directors
In addition to an annual “clean bill of health” from the Legislative Auditor, the LLC continues to receive national recognition for excellence in financial reporting.