New York: Lottery and Slots bring Record Revenues

Posted by: CasinosOnline in Casino News

NY LotteryNew York’s Gaming Commission has released the numbers covering the fiscal year which ended 31 March and the results are astonishing.

Namely, New Yorkers have spent more on the state lottery and state-regulated electronic gaming machines than ever before during the last fiscal year, News 10 NBC report.

Revenues from lottery and slots have generated almost $10 billion, the Gaming Commission have revealed.

Most of the total of $9.7 billion in revenue came from traditional lottery tickets and instant scratch-off games, it was reported.

The revenues from the traditional lottery grew by 6.2% with a record $7.7 in sales over the previous year’s 7.25%. Draw-game grew to $3.79 billion in an increase of 8.6%.

Nearly $2 billion of the total sum came from video lottery terminals, similar to electronic slot machines.

They recorded a rise of 4.3% and a record revenue of $1.98 billion, while Instant games grew to $3.91 billion, a jump of 4$ in comparison to the previous year.

Gaming Commission Executive director Roberto Williams says that New York state lottery thus remains the most profitable lottery in North America and incredible numbers are there to confirm his claims.

“All profits go directly to Aid to Education for New York’s public schools — meaning the New York Lottery earned a record total of $3.3 billion for distribution to all school districts in the state,” the commission reported in a press release.

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