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LOTTERY SETS RECORDS FOR NET PROFIT AND SALES IN FY15
October 9, 2015
The Lottery ended fiscal year 2015 with a record-setting $985.8 million in net profit, surpassing the previous high of $983.7 million that the Lottery generated in FY12.  Eclipsing the $5 billion mark in transactions for the first time, the Lottery also achieved a record-setting year in terms of sales with $5.014 billion.  Lottery net profit is the single largest source of unrestricted local aid to the Commonwealth’s 351 cities and towns.

The Lottery’s fiscal year commenced on July 1, 2014 and ended June 30, 2015.  Sales of $5.014 billion topped the previous record of $4.863 billion set in FY14 by $151 million, marking the fourth consecutive year of record-setting sales.

The Lottery spent $100.5 million on administrative costs in FY15.  These costs remained at approximately 2 percent of overall revenues, the lowest of any U.S. lottery.

The Lottery awarded a record $3.641 billion in prizes in FY15.  With 72.6 percent of all revenue returned to players in the form of winnings in FY15, the Massachusetts Lottery has the highest payout percentage of any lottery in the country.  Meanwhile, Lottery retailers earned over $286 million in retailer commissions and bonuses in FY15, topping the mark of $277 million set last fiscal year.

Click here to view the Lottery’s final FY15 Statement of Operations.

The Massachusetts State Lottery was created in 1972 to generate much-needed local aid revenues for the Commonwealth’s cities and towns.  Since its inception, the Lottery has returned more than $23 billion in net profit to the Commonwealth.
 
 

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