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PENNSYLVANIA LOTTERY SETS NEW SALES RECORD
July 21, 2008
HARRISBURG - Pennsylvania Lottery set a new all-time sales record for fiscal year 2007-08, Secretary of Revenue Tom Wolf announced today.
“In these tough economic times, the Pennsylvania Lottery had an extraordinary year,” said Wolf. “Lottery sales continued to grow and provide funding for programs and services that are vital to the health and well-being of older Pennsylvanians.
“Earlier this year, we were anticipating a decline in Lottery ticket sales. However, sales rebounded in the second half of the year and the Lottery finished strong – setting another all-time ticket sales record.”
Fiscal year 2007-08 Lottery sales totaled $3.089 billion, which was $12.8 million more than the previous year. Lottery sales have grown by more than $1.16 billion since fiscal year 2001-02, when Lottery sales were $1.95 billion.
Instant games sales for fiscal year 2007-08 totaled more than $1.7 billion, which exceeded the previous year’s instant games sales record by $3.3 million. Instant game sales comprise about 55 percent of all PA Lottery ticket sales.
Sales for terminal-based games, including The Daily Number, BIG 4, Treasure Hunt, CASH 5, Match 6 lotto, mix & match, Millionaire Raffle, and Powerball, totaled $1.38 billion for the fiscal year, which was $9.5 million more than the previous year.
Net revenues to the Lottery Fund for fiscal year 2007-08 totaled $928 million. The Lottery has generated $5.3 billion for the Lottery Fund since fiscal year 2001-02.
Lottery retailers, many of them family-owned small businesses, earned $170 million in commissions in fiscal year 2007-08.
When Governor Edward G. Rendell took office in 2003, the PA Lottery retailer network included 7,023 locations. Today, the Pennsylvania Lottery has 8,526 retailers, a milestone that was last reached in 1992.
According to the most recent industry reports, the PA Lottery ranks seventh among the 44 U.S. lotteries in annual sales and fifth in annual profits.
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