The New York Lottery has become the first US state lottery to generate more than $10bn in combined annual sales of lottery and video lottery products.

The record fiscal year 2018/19 performance comprises $8.2bn in sales from traditional lottery games, including in-state draw games, multi-state games, and instant scratch-off tickets.

Video lottery gaming net win (proceeds after all prizes have been paid) amounted to more than $2.1bn for the year ended 31 March.

Combined, the record-breaking earnings generated $3.47bn in Lottery Aid to Education for the year, which accounts for 13 per cent of all New York State School Aid disbursed in 2018/2019.

“New York’s long history of increasing earnings for New York’s public K-12 schools is a direct result of sound business planning, mature and responsible stewardship of our lottery and video lottery products, and a fundamental continuous improvement effort,” said New York State Gaming Commission acting executive director Robert Williams.

In addition to raising revenue to support education, the lottery and video lottery gaming operations also generated significant revenue for New York businesses.

Licensed lottery retailers earned $492m in commissions and video lottery gaming operators netted $964m during the same 12-month period.

 

 

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