New York Lottery first in U.S. to crack the $10 billion mark in sales

May 15, 2019, 7:54 am (6 comments)

New York Lottery

The New York Lottery had a pretty good year.

The state's traditional lottery and video lottery gaming operations became the first in the nation to top the $10 billion mark in combined sales and "net win," which is the earnings after winners are paid.

The New York Lottery, the "largest and most profitable" in the country, recorded $8.2 billion in sales for the state fiscal year that ended March 31, 2019, the New York Gaming Commission announced in a news release this week. That includes sales from Powerball, Jackpot, Mega Millions, Scratch Off, Quick Draw and other games, plus revenues generated by the state's licensed video lottery locations. That made the New York Lottery the 7th most profitable in the world, the release said.

The video lottery net win for the 2018-2019 fiscal year was $2.08 billion, third largest in the world behind two Italian lottery operators.

The combined sales and net win earnings for the last fiscal year are a new record for the New York Lottery.

The New York Lottery generated $3.47 billion in aid designated to support the state's schools. That's $102 million more than in 2017-2018 and is also a new record.

The lottery revenues are distributed to school districts according to the same formula used for state aid: It takes into account a combination of each district's size and income levels: A larger, poorer district will receive a higher percentage than a smaller, more affluent one. Lottery contributions account for 13 percent of all state aid to education for 2018-2019.

The lottery's allocation of money to the state's education system for the most recent year (and past years dating to 1977) is broken down in this report.

In addition, according to the release, the state's licensed lottery retailers earned $492 million in commissions and video lottery gaming operators made $964 million during the 2018-2019 fiscal year.

Syracuse

Comments

TheMeatman2005's avatarTheMeatman2005

Congrats NYS Lottery

music*'s avatarmusic*

It is ironic that a very large win may push a school district into having their State aid reduced. Income and the district's size are taken into account.

Hiding Behind Computer

Bleudog101

Come on Yolanda Vega, spread the cheer.

Soledad

People in New York play 24/7.

Soledad

Quote: Originally posted by music* on May 15, 2019

It is ironic that a very large win may push a school district into having their State aid reduced. Income and the district's size are taken into account.

Hiding Behind Computer

That education bit was the only way they could justify the game tbh. Give back.

dannyct

The New York Lottery has an online subscription set, I'm sure that raises additional revenue. I don't know what percentage of sales are by subscription, it would be interesting to know. Other states should follow New York Lottery's example.

End of comments
Subscribe to this news story