Record Year Brings Over $1.1 Billion In Profit For MA Lottery

Over the past fiscal year, the Massachusetts Lottery shattered previous profit and revenue records, breaking through barriers and achieving remarkable success.

The MA Lottery has generated over $5 billion in revenue for the seventh consecutive year, with estimates indicating a profit of more than $1.1 billion. The revenue was driven by various sources such as retailers, scratch tickets, and Keno.

Massachusetts has narrowly surpassed its previous state record for revenue and profits from the 2019 fiscal year. In that year, the state generated $5.509 billion in revenue and earned $1.104 billion in profits.

Scratch-offs lead the way and Keno returns from the ashes

In fiscal 2021, lottery customers demonstrated an increased enthusiasm for scratch-off tickets, investing a staggering $4 billion in hopes of striking luck. This remarkable figure surpassed fiscal 2020 by an impressive $60 million.

Due to its predominant presence in restaurants and bars, the revenue generated from Keno witnessed a significant decrease in fiscal 2020. Nevertheless, as COVID restrictions were gradually lifted and businesses regained their full operational capacity in late May, Keno experienced an impressive resurgence, accumulating a remarkable $1.057 billion in sales, setting yet another state record.

Moving forward, the Lucky For Life drawing is set to become a lucrative asset for the Lottery. Starting from mid-July, the number of drawings has been raised from twice a week to seven days a week. Remarkably, the fortunate winners of this game are rewarded with a daily sum of $1,000 for the entirety of their lives.

Lottery Treasurer Deborah Goldberg expressed gratitude towards the lottery team, retail partners, and customers for their immense support, which led to record-breaking sales this year despite the challenges posed by the pandemic. She further emphasized that this success would enable the lottery to continue providing vital resources to all communities across the state.

Where do Lottery profits go?

These record-breaking profit numbers benefit all 351 cities and towns in the Bay State. Each community receives funds that can be allocated by local governments to enhance the area according to their priorities. Common expenses include public safety staffing, road repairs, snow removal, and school services, among other important investments.

Lottery continues fighting for online presence

Goldberg and the Massachusetts Lottery have been urging lawmakers to grant permission for an online lottery in Massachusetts. They are confident that tapping into a younger demographic, who prefer playing Lottery games on their smartphones and laptops, could result in even greater revenue and profits.