81
      Thursday
      83 / 58
      Friday
      80 / 62
      Saturday
      87 / 65

      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.

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