Massachusetts State Lottery sees profit rise
BOSTON, MA. – The Massachusetts State Lottery recently released its figures for the past fiscal year and it showed a five per cent increase on sales from the previous fiscal year ending June 30th 2009.
Total revenue for the state lottery totalled $903 million for fiscal year 2010 (ending June 30th 2010), up $44million (5.1 per cent) on the previous years figures.
Massachusetts State Treasurer Tim Cahill told the Boston Herald, “The Massachusetts Lottery’s performance is especially important during these trying economic times. By leveraging our successful products, deepening our relationships with our professional sports teams and finding additional budget efficiencies, our Lottery has delivered millions more for taxpayers. When times got tough, we got more creative, inventive and lean.”
All profits from the state lottery are used to aid all of the states 351 towns and cities.
The increase in profits was helped by the addition of the multi-state draw game Powerball and a new $10 scratch card to the Massachusetts Lottery mix of games.
Published: August 6, 2010