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.

Read the full story on iGB North America.

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