The Massachusetts State Lottery produced greater than $1 billion in web revenue for the commonwealth in fiscal 2022, exceeding that mark in consecutive years for the primary time within the Lottery’s 50-year historical past.
The Lottery produced an estimated $1.102 billion for fiscal ’22, which ended on June 30; this was barely lower than its record-breaking web revenue of $1.112 billion for fiscal 2021.
“As the Lottery celebrates its 50th anniversary, we continue to set records and generate valuable resources for every community in the state,” stated State Treasurer Deborah Goldberg, chair of the Massachusetts State Lottery Commission. “We thank our customers, our retail partners, and our lottery team members who are so important to our Lottery’s success.”
The Lottery additionally reported record-high revenues of an estimated $5.86 billion final fiscal 12 months, which topped the earlier file of $5.828 billion in fiscal ’21. It is the eighth 12 months in a row that revenues have eclipsed $5 billion, the Lottery stated.
The Lottery additionally reported a record-breaking prize payout in fiscal ’22, which was $4.309 billion, surpassing the earlier excessive of $4.283 billion in fiscal ’21.
The record-setting numbers had been introduced on the identical day of the drawing for the $830 million Mega Millions jackpot, the fourth largest within the nation’s historical past. The money choice for Tuesday’s night time’s drawing was estimated to be a whopping $487.9 million.
Tuesday night time’s Mega Millions drawing was the twenty ninth since April 15, when a $20 million profitable jackpot ticket was bought in Tennessee. It was the sport’s largest since Jan. 22, 2021, when a $1.05 billion jackpot was received on a ticket bought in Michigan.
If hit, the $830 million jackpot can be third-largest within the historical past of the sport, and the fourth-largest jackpot in U.S. lottery historical past. However, the percentages of profitable stay slim to none, with the AP reporting they’re about 1 in 302.5 million.
Given that lottery officers are predicting gross sales will climb from $172.1 million for the July 22 drawing to $262.1 million for Tuesday, Massachusetts State Lottery brass is encouraging folks hoping to hit it huge to play inside their means.
“When playing Mega Millions, Megabucks Doubler, and other lottery games, we encourage people to keep the experience enjoyable by playing responsibly and within their means,” stated Mark William Bracken, interim govt director of the Massachusetts State Lottery.
The Massachusetts State Lottery stated it has generated greater than $143 billion in revenues, awarded greater than $100 billion in prizes, and returned greater than $31 billion in web revenue to the commonwealth for unrestricted native assist supplied to cities and cities since its first ticket was bought in 1972.
Source: www.bostonherald.com”