Lottery pays $1.1B net profit to state, sets record on revenues, payouts

The Massachusetts State Lottery generated more than $1 billion in net profits for the commonwealth in fiscal year 2022, surpassing that mark in consecutive years for the first time in the lottery’s 50-year history.

The lottery generated an estimated $1.102 billion for fiscal year 22, which ended June 30. That was slightly lower than its record-breaking net profit of $1.112 billion for fiscal 2021.

“As the lottery celebrates its 50th anniversary, we continue to set records and create valuable resources for every community in the state,” said State Treasurer Deborah Goldberg, chair of the Massachusetts State Lottery Commission. “We thank our customers, our retail partners, and our lottery team members who are so important to our lottery’s success.”

The lottery also reported record revenue of $5.86 billion last fiscal year, topping the previous record of $5.828 billion in FY21. The lottery said this is the eighth year in a row that revenue has increased by $5 billion.

The lottery also reported a record-breaking prize payout of $4.309 billion in FY22, surpassing the previous high of $4.283 billion in FY21.