MA lottery profits exceed expectations for third straight year

Massachusetts Treasurer Steven Grossman announced Thursday the state lottery ended the fiscal year with an estimated $971 million in profit.

That's $34 million higher than what was originally anticipated in the state budget.

In total, the lottery recorded $4.86 billion dollars in transactions, making it a record-setting year for sales.

Lottery profit is the largest source of local aid to Massachusetts cities and towns.

Sales and profit are both up more than 9%, compared to fiscal year 2011.

The lottery calls the figures an accomplishment of efficiency, since they've come despite a reduction in workforce, and spending less than budgeted for operations.

The numbers for fiscal year 2014 still need to be audited, but lottery officials do not expect major changes.