Mass. Lottery Raked In Near-Record $971 Million Profit In Past Year

BOSTON (AP) — Officials say Massachusetts State Lottery tickets were sold at yet another record-setting pace over the last 12 months.

State Treasurer Steven Grossman, whose office oversees the lottery, said the estimated $971 million in profits for the fiscal year that ended June 30 exceeded expectations by $34 million.

Net profits from the lottery are returned to cities and towns in the form of unrestricted local aid.

Grossman, a Democratic candidate for governor, said the lottery racked up its third consecutive year of record sales at $4.86 billion. The profit was the second largest of any year, behind the $983 million recorded in the 2012 fiscal year.

The lottery awarded more than $3.5 billion in prize money in the just completed fiscal year, down slightly from the previous year.

WBZ NewsRadio 1030’s Kendall Buhl reports

Mass. Lottery Raked In Record $971 Million Profit In Past Year

WBZ NewsRadio 1030

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Boston

Download Our App
Download Weather App

Listen Live