Massachusetts State Lottery breaks sales and profit records in 2021
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The Massachusetts State Lottery recorded an all-time record profit of $1.105bn (£791.2m/€930.2m) in its 2021 fiscal year, consisting of the twelve months to 30 June, 2021.
The operator narrowly surpassed its previous record of $1.104bn set in the 2019 fiscal year.
Revenue came in at another record high of $5.83bn, compared to the previous record of $5.51bn in 2019. This year marks the seventh consecutive year that revenues have surpassed the five billion dollar mark.
The impact of the novel coronavirus (Covid-19) pandemic saw revenue and profit for the fiscal year 2020 drop, to $5.26bn and $986.9m respectively.
Figures for 2021 have not yet been formally audited, but the Lottery said it does not expect them to change substantially when the review process is complete.