Welcome Guest
Log In | Register )
You last visited December 7, 2021, 2:58 am
All times shown are
Eastern Time (GMT-5:00)

N.Y. Lottery posts record sales

Apr 30, 2010, 6:46 am

Share this news story on Facebook
Tweet this news story on Twitter
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.

Business Review

We'd love to see your comments here!  Register for a FREE membership — it takes just a few moments — and you'll be able to post comments here and on any of our forums. If you're already a member, you can Log In to post a comment.

3 comments. Last comment 12 years ago by jrosina.
Page 1 of 1
THRUST's avatar - f35l

United States
Member #88432
March 16, 2010
397 Posts
Offline

Everyone is chasin' that dollar...

LOL

$1,000,000

    Avatar

    United States
    Member #61294
    May 17, 2008
    187 Posts
    Offline

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

      jrosina's avatar - character catafly.jpg
      New York,
      Panama
      Member #73076
      April 4, 2009
      3496 Posts
      Offline

      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