|Posted: March 16, 2012, 11:05 am - IP Logged|
Amazing stuff there are people? here that believe we should pay taxes on money that was wagered by other people? (taxpayers?) and the state already already keeps all the house money to pay the GD pensions and and all the other crap they said they wouldn' t spend it on. You sheep. As if they need to more of the money you won, f'ing thieves.
Lottery Revenue Exceeds $519 Million for State’s General Fund;
Slots Program Generates Nearly $50 Million for Education Trust Fund
The Maryland Lottery added another year to the record books. The agency generated $1.714 billion in sales in fiscal year 2011, breaking its sales record for the 14th year in a row. The Maryland Lottery also contributed $519.37 million to the state’s General Fund, an increase of $8.86 million from last fiscal year. This revenue is used to support important initiatives, such as education, public safety, health and environmental programs. This revenue total makes the Maryland Lottery the fourth largest contributor to the state’s coffers after sales, income and corporate taxes. Fiscal year-end highlights include:
Sales of $1.714 billion, an increase of $7.83 million from last fiscal yearRevenue of $519.37 million, $8.86 million more than last fiscal year and the second-highest return in the Maryland Lottery’s historyCommissions earned by Lottery retailers totaled $113.7 millionPrizes paid to players reached more than $1.03 billionWhile Lottery sales hit the highest level ever, operational expenses remained low at 3.1% of overall sales
“It’s gratifying to have added yet another year to the record books, especially in light of the challenging economy,” Lottery Director Stephen Martino said. “However, we are particularly pleased the Lottery has generated more than $519 million to support the good causes of the State of Maryland. Every dollar in revenue from the Maryland Lottery is a dollar less that needs to come from taxes.”