Pennsylvania Lottery posts record revenue and profit in 2018-19

The Pennsylvania Lottery made a record revenue of $4.5 bn from game sales in the 2018-19 fiscal year, and generated a record profit of more than $1.14 bn for the period from 1 July 2018 to 30 June 2019.

Scratch cards were the largest source of income for the state lottery, bringing in $2.99bn, up from $2.82bn last year.

Draw games took in $1.36bn in revenue, up from $1.25bn last year. The increase was driven by a 71.4% increase in MegaMillions and Megaplier revenue, helped by a $1.5bn jackpot in October 2018 after an October 2017 format change made jackpot wins less frequent.

Pick 3 games’ revenues decreased slightly, from $270.4m to $269.2m, but the games became the largest source of draw revenue, after Powerball and Powerplay takings declined from $272.7m to $260.5m

Read more on iGB North America.