Massachusetts Lottery revenue climbs to more than $5 billion
Massachusetts Lottery revenues rang in at an estimated record high of $5.827 billion, topping the previous record of $5.509 billion set in fiscal year 2019. It is the seventh consecutive year that revenues have eclipsed the $5 billion mark.
“Despite the pandemic, this year the Lottery experienced record setting sales,” said State Treasurer Deborah B. Goldberg, Chair of the Massachusetts State Lottery Commission. “Thanks to our lottery team, retail partners and particularly our customers, we will again be able to deliver critical resources to every community in the state.”
In fiscal year 2020, which was significantly impacted by the COVID-19 pandemic, Lottery net profit totaled $986.9 million, with total revenues of $5.258 billion.
“I greatly appreciate the collective efforts made by Lottery team members, our retail partners and our customers to maintain safe environments at our claim centers and retail locations under unique circumstances,” said Michael Sweeney, the Lottery’s Executive Director. “As a result of this cooperation, and with the guidance of Treasurer Goldberg and our Commissioners, the Lottery proved to be a safe form of entertainment and an important source of revenue for small businesses while contributing a record amount of support to cities and towns across the Commonwealth.”
While the FY 2021 figures have not been formally audited, the Lottery does not expect them to change substantially once that annual review process is complete. Lottery officials anticipate completing the finalized financial statement of operations by the end of September.
The Lottery’s network of retailers earned an estimated $333.3 million in commissions and bonuses in FY 2021, also a record, surpassing the previous high of $314.5 million set in FY 2019.
Instant ticket sales exceeded $4 billion for the first time ever, besting the previous record of $3.673 billion set in FY 2019. At $4.030 billion, instant ticket sales increased 10.5 percent over last fiscal year’s total of $3.646 billion.