Maryland Lottery Reported $1.9 Billion Sales Last Year

On Tuesday, the Maryland Lottery released its annual financial report, revealing sales of $1.9 billion for the fiscal year that ended on June 30.

The agency contributes the record sales on the continued growth of instant tickets or scratch-offs, which increased by 10.7 percent from the 2016 fiscal year. Instant tickets accounted for $676.8 million of the sales.

The Lottery reported lower profits, which fell to $524.9 million. This equates to an 8.5 percent from the previous year. The Lottery contributes the falling profits to the players’ good fortune.

Maryland Lottery

Pick 4 players had a lucky year, causing profits to fall by $35 million, the Lottery said. Powerball sales decreased to $100.1 million in the 2017 fiscal year. In 2016, Powerball sales hit record highs.

Winnings for lottery players totaled up to $1.2 billion, an increase of 5.4 percent from 2016. According to the Lottery, $3.3 million was awarded to players daily in the 2017 fiscal year. Earnings for retailers increased by 3.4 percent. The Lottery said it paid out $146 million to its more than 4,500 retailer.

Proceeds from the lottery go to the Maryland Education Trust Fund, local government programs, women-owned and minority-owned business and horse racing industry.

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