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Maryland Lottery achieves 13th straight year of record sales

Maryland LotteryMaryland Lottery: Maryland Lottery achieves 13th straight year of record sales

BALTIMORE, Md. — Despite a challenging economy and two paralyzing snow stormsthat buried large parts of the state, the Maryland Lottery tallied more than $1.706 billion in sales in Fiscal Year 2010, breaking its sales record for the 13th year in a row.

The Maryland Lottery also contributed $509.7 million to the state, which is used to support important programs, including education, public safety and health and environmental programs.

2010 Fiscal Year-end highlights include:

  • Sales of more than $1.706 billion, an increase of more than $8.5 million over last fiscal year
  • Revenue of $509.7 million, $16.5 million more than last fiscal year and the 2nd highest return in the Lottery's history
  • Prizes paid to players reached more than $1 billion for the second time in Lottery history, reflecting an increase of $6.8 million over last fiscal year
  • Commissions earned by Lottery retailers totaled $113.1 million
  • While Lottery sales hit the highest level ever, operational expenses remained low, finishing the year at an estimated 3.1% of total sales

"Ourfiscal numbers are a testament to the hard work of our Lottery staff and the morethan 4,000 Lottery retailers throughout Maryland," Lottery Director Stephen Martino said. "We are pleased to send $509.7 million to the state at a time when it is greatly needed. We will continue to produce innovative products and promotions to help achieve our primary goal of generating this much-needed revenue."

Fiscal Year 2010 brought the addition of Powerball, which rolled into Maryland on January 31. The multi-state jackpot game registered nearly $29 million in sales. Combined sales for all the Lottery's jackpot games — Multi-Match, Mega Millions, Bonus Match 5 and Powerball — totaled more than $210 million. The Maryland Lottery's monitor games, which include Keno, Keno Bonus, Keno Super Bonus, Racetrax and Racetrax Bonus, made a strong showing with combined sales of $492 million, an increase of nearly $9.3 million or 1.9% over last fiscal year. Racetrax and Racetrax Bonus posted $100.2 million in sales, an increase of $11.7 million or 13.21%.

In other game figures, Pick 3 totaled $266.9 million in sales with $133 million in payouts to players. Pick 4 sales came in at $246.7 million with $132.2 million in prizes to players. The Lottery's instant games, or scratch-offs, garnered nearly $490.8 million in sales.

Since its inception in 1973, the Maryland Lottery has contributed $11.7 billion in revenue to the State of Maryland. Players have also benefited, receiving more than $17.7 billion in prizes over the Lottery's 37-year history.

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6 comments. Last comment 6 years ago by four4me.
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four4me's avatar - gate1
MD
United States
Member #1701
June 18, 2003
8362 Posts
Offline
Posted: August 9, 2010, 1:59 am - IP Logged

Congrats to the MD state lottery for doing what elected officials cant do and that generate money for the state.

Yea and despite the MD lottery's continued success in generating revenue for the state there are still problems keeping police, fire, teachers, general services, libraries, pools and recreation centers funded.
 
So much deficit that they have cut these services by reducing the amount of people needed to do the jobs and called for the closing of city pools a month sooner. Closed fire houses. etc 
 
So they just keep razing taxes and trying to find ways to tax us out of their deficit.

Big John says. You don't hit the number. The number hits you!!!!

               I'm not Big John, I'm Four4me, Big John's a friend.
    Todd's avatar - Cylon 2.gif
    Chief Bottle Washer
    New Jersey
    United States
    Member #1
    May 31, 2000
    23273 Posts
    Online
    Posted: August 9, 2010, 8:18 am - IP Logged

    Congrats to the MD state lottery for doing what elected officials cant do and that generate money for the state.

    Yea and despite the MD lottery's continued success in generating revenue for the state there are still problems keeping police, fire, teachers, general services, libraries, pools and recreation centers funded.
     
    So much deficit that they have cut these services by reducing the amount of people needed to do the jobs and called for the closing of city pools a month sooner. Closed fire houses. etc 
     
    So they just keep razing taxes and trying to find ways to tax us out of their deficit.

    The state not paying teachers, police, firemen, etc., has nothing to do with the state being out of money.  It has to do with them deciding to spend it foolishly on overblown, worthless state projects, like the Lyric Opera House and "cultural projects".

    Every state should look at what Christie has done in New Jersey and copy it.  The NJ Governor may have rescued one of the worst state economies in just one year.

     

    Check the State Lottery Report Card
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    Sign the Petition for True Lottery Drawings
    Help eliminate computerized drawings!

      four4me's avatar - gate1
      MD
      United States
      Member #1701
      June 18, 2003
      8362 Posts
      Offline
      Posted: August 9, 2010, 10:50 am - IP Logged
      I agree that the state spends money foolishly especially since they don't generate enough capital to fund their pet projects.
       
      However 29% of the lottery proceeds goes into the general fund apparently they depend on this money to fill the gap created when they didn't earn enough revenue from other sources.
       
      29% of the proceeds should be used after the operating expenses are accounted for to further enhance the programs this money was intended for. To buy more books, pay for police and fire programs that benefit the state to add additional funds to the rec centers so they can purchase equipment they need to keep programs already in place active and the other programs this money supports. It's supposed to be surplus money not operating money. Somewhere along the time line the state threw that out the window and applied the money to their operating costs.
      When they say we cant keep libraries open or buy more books pay for police fire and emergency personal hire more teachers, have to close rec centers etc etc. It makes me sick.
      Maryland pays one of the highest taxes in the country has one of the wealthiest counties in the country. Yet they cant balance the budget i agree they need help!
       

      Big John says. You don't hit the number. The number hits you!!!!

                     I'm not Big John, I'm Four4me, Big John's a friend.
        Litebets27's avatar - power
        Maryland
        United States
        Member #10465
        January 14, 2005
        6065 Posts
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        Posted: August 9, 2010, 9:21 pm - IP Logged

        One of the most foolish things this State or the Lottery Commission blows the money on is the Raven's Stadium. And, the article doesn't mention the portion or precentage that goes to that waste.  Thud

        Feeling,  PRICELESS!!!Banana

        Come on Jackpot!!!

          rdgrnr's avatar - walt
          Way back up in them dadgum hills, son!
          United States
          Member #73904
          April 28, 2009
          14903 Posts
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          Posted: August 9, 2010, 11:04 pm - IP Logged

          Sounds like Maryland is going down the tubes in more ways than one.

          I just read that Baltimore is infested with Bedbugs and they're spreading like wildfire.

          Unfortunately, the only thing that kills them is DDT and that has been outlawed with the help of do-gooders and a certain political party.

          Millions of people have died from malaria since DDT was outlawed but they had to outlaw it because they said it could potentially have some possible long term health risks.

          I think Maryland should be cordoned off and no one allowed to leave so they can't spread their filthy bugs to the rest of us.


                                                       
                               
                                                   

           

           

           

           

                                                                                                             

          "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                      --Edmund Burke

           

           

            four4me's avatar - gate1
            MD
            United States
            Member #1701
            June 18, 2003
            8362 Posts
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            Posted: August 10, 2010, 12:34 am - IP Logged

            One of the most foolish things this State or the Lottery Commission blows the money on is the Raven's Stadium. And, the article doesn't mention the portion or precentage that goes to that waste.  Thud

            Not in the article but on MD's lottery website.

            Designated proceeds from the Mega Millions game benefit the Stadium Authority.  In FY2009, $20,000,000 was contributed to the Stadium Authority.

            Big John says. You don't hit the number. The number hits you!!!!

                           I'm not Big John, I'm Four4me, Big John's a friend.