It was a record breaking year for the state lottery in Massachusetts, as we hear from WAMC’s Paul Tuthill
State Treasurer Steven Grossman said Tuesday that the lottery pulled in an estimated $981 million in net profit during the state fiscal year that ended June 30. That was the highest profit in the lottery's 40-year history, eclipsing by $30 million the previous record set in fiscal year 2006.
Lottery officials say the record-breaking profit was also $87 million above what was initially projected for the 12-month period. Lottery proceeds are returned to Massachusetts cities and towns as unrestricted local aid.
In total, lottery sales in the last fiscal year reached $4.7 billion, surpassing the previous record set in fiscal year 2008 by $31 million.
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