PA Lottery Has Second Highest Year Of Profits With Almost $1.2 Billion
PA Lottery had its second highest grossing year in its history. The lottery generated over $1 billion to fund programs that benefit older residents across the state. It's the 11th year that the lottery's profits exceeded $1000 million.
PA Lottery has made almost $1.2 billion in profits this year. The previous year saw a 20% increase in sales. This year's sales were down slightly, but some game categories had significant growth.
Scratch-off tickets bring in the most revenue for the PA Lottery. Scratch off tickets brought in $3.5 billion this year, but that figure is $244. 5 million less than the previous year. Draw games made $48.9 million, which is a 3.6% decrease. Online game play at the iLottery brought $746.4 million this fiscal year but is down 15.8% from the prior year's figure.
Fast Play and Monitor games increase sales. The sales of Fast Play games jumped more than $5.2 million, or 3.6%, to achieve total sales more that $149.1 million. The Monitor category, which includes Keno and Xpress Sports games, saw sales increase by $800,000, from the previous fiscal year.
PA Lottery has made almost $1.2 billion this year. Most of the money goes to prizes for winners and benefits for seniors. Lotteries also benefit from commissions for retailers. The money is used to pay operating expenses and to fund essential senior programs.
$1.2 billion raised this year will fund a variety of services and programs that help golden-agers live better lives. The 52Area Agencies on Aging serve seniors in all 67 counties. They provide senior centers, home-delivered meals, legal assistance, transportation, and more. PACE and PACENET programs provide low-cost prescription medications. Fixed-route public transit is free for anyone 65 or older, while commuter rail trips are discounted to $1 for those 65 and older. Property tax and rent rebates are available for eligible seniors and others through the PA Department of Revenue.