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N.Y. Lottery posts record sales

New York LotteryNew York Lottery: N.Y. Lottery posts record sales

The New York Lottery posted record revenue and profit in its latest fiscal year, the state announced on Thursday.

The lottery made $7.8 billion in sales of scratch-off tickets, other games and casino gambling in its 2009-10 fiscal year, which ended March 31. It is a 2.1 percent increase over the previous year, which was the old record-high.

The lottery made $2.67 billion of profit, a 5 percent increase from the previous record, set last year. The profit is used to help fund K-12 education.

Commissions paid to the eight gaming facilities in the state and 16,500 lottery retailers totaled $875 million.

"We're quite proud of our ability to increase profits yet again under such extraordinary economic conditions," said Gordon Medenica, director of the lottery. "More than ever, in these difficult fiscal times, we appreciate the enthusiasm of our players."

In the "traditional lottery" business, games such as Mega Millions, Sweet Million and Powerball posted increases in sales. Quick Draw and scratch-off tickets posted declines in sales.

In the video gaming business, net win (total bets, minus prize money paid out) increased at all but one casino — Monticello Casino and Raceway, located downstate.

Saratoga Gaming and Raceway, located in Saratoga Springs and the oldest casino in the state, posted a 1 percent increase in net winnings.

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3 comments. Last comment 7 years ago by jrosina.
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THRUST's avatar - f35l

United States
Member #88435
March 16, 2010
397 Posts
Offline
Posted: April 30, 2010, 7:21 am - IP Logged

Everyone is chasin' that dollar...

LOL

$1,000,000

    Avatar

    United States
    Member #61296
    May 17, 2008
    187 Posts
    Offline
    Posted: April 30, 2010, 8:50 pm - IP Logged

    LOL.. Prob thanks 2 me 4 playin the fat wallet and win a million 4 life gms!!

      Avatar
      New York,
      Panama
      Member #73078
      April 4, 2009
      3490 Posts
      Online
      Posted: April 30, 2010, 11:09 pm - IP Logged

      Thanks to all those repeats! and those "collection Plate" numbers they bring out! ggrrr

      forget what "they" say about youWhat you say about you?...

      Now, does it count??

       

       

      *Jr$ina