Local

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

View Comments
(Photo credit BARBARA SAX/AFP/GettyImages)

(Photo credit BARBARA SAX/AFP/GettyImages)

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 This material may not be published, broadcast, rewritten or redistributed.

MORE LOCAL NEWS FROM CBS BOSTON

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 2,162 other followers