Noticias de ultima
  • 12.00 Brazil Government's delay in gambling regulation hampers tax revenue collection
  • 12.00 Imagine Live Launches Casino Hold’em
  • 12.00 Let's celebrate together with UNIDESA 40.000 Manhattan sales
  • 12.00 MGM Resorts Experiences Revenue Boost Following Partnership with Marriott’s Loyalty Program
  • 12.00 CGS Santiago: The Epicenter of Gaming in Chile to take place May 29-30
  • 12.00 Gaming Laboratories International Regulators Seminar to Continue Successful Co-Location with NCLGS
  • 12.00 Lucky Hunter: new Pay4Fun integration
  • 12.00 Thailand is considering legalizing casinos as a strategy to strengthen its economy
  • 12.00 Eternal Kingdom Link: 6 thrilling FBM® slots bring adrenaline to casino operators
  • 12.00 AGA Analyzes Sports Betting Advertising Trends for 2023
Lottery

Lottery´s record $1.1b year includes $40m in lottery expansion profit

Thursday 08 de August 2019 / 13:25

2 minutos de lectura

(Pennsylvania).- It was a very good year for the Pennsylvania Lottery. In fact, it was the eighth consecutive record-breaking year.

Lottery´s record $1.1b year includes $40m in lottery expansion profit


More than $4.5 billion in traditional games were sold over the 2018-19 fiscal year. That’s up by $302.7 million, or 7.2% over the previous year.


According to Lottery spokeswoman Ewa Dworakowski:



“The Pennsylvania Lottery has exceeded its expectations this past fiscal year, thanks to our players, and new and exciting games.”



SENIORS BENEFIT FROM LOTTERY REVENUE


Profits in 2018-19 generated more than $1.14 billion in funds earmarked for PA seniors.


That’s an increase of $49.6 million from the prior fiscal year. The previous record profit, set in 2015-16 had totaled $1.12 billion. Winners received a record of more than $2.9 billion in prizes, an increase of $193.3 million.


During the past year, 70 players won prizes of $1 million or more.


And in the trickle-down, more than 9,700 licensed Lottery retailers statewide earned an estimated $266 million in sales commissions. That’s an increase of more than $41.8 million from the prior fiscal year.


ONLINE GAMES BRING IN $40 MILLION IN PROFIT


Pennsylvania Lottery Executive Director Drew Svitko attributed some of the record performance to changes which added new online lottery games:



“We are thrilled that the new and exciting games that were authorized by Act 42 of 2017 are proving to be a tremendous success. We’re always working hard to find innovative ways we can responsibly grow profits to benefit older Pennsylvanians.”



The Lottery’s modernization efforts, including PA iLottery and its monitor games, Keno and Xpress Sports, generated more than $40 million in profitsin their first full fiscal year.


Sales through iLottery saw more than $381 million in play in its first full fiscal year, generating an estimated $31.3 million in profit. More than $332 million in prizes were paid out to winners.


Sales of monitor games such as Keno and Xpress Sports games totaled an estimated $46.7 million in their first full fiscal year. They generated an estimated $10 million in profit


Dworakowski said it is too soon to gauge if the state’s new online casino sites will change the lottery’s numbers. A coalition of casinos sued the over the new iLottery games. A court recently denied an injunction to stop online lottery operations in advance of online casino launch, but the case remains in court.


ILLEGAL GAMES OF SKILL STILL A WORRY


It may be another record year, but that does not mean that the Pennsylvania Lottery is not still fighting to curb the number of questionably legal games of skill in the state.


“Even though our sales and profits are up from last year, that does not mean there is no impact,,” said Dworakowski. She said the games make it hard to convince retailers to offer games such as Keno and Xpress Sports.



“Our executive director has made this point clear in conversations with legislators while also expressing our concern that Games of Skill are a significant threat to the Lottery and the vital senior programs that it funds.


According to our analysts, as of July 15, 2019 the known count of 5,746 games of skill machines in PA Lottery retailers has a negative impact on statewide yearly Scratch-Off sales of approximately $185.2 million.”


“These machines have the potential to cost the Lottery hundreds of millions of dollars in future harm.”





Categoría:Lottery

Tags: Lottery,

País: United States

Event

GAT EXPO CARTAGENA DE INDIAS 2024

09 de April 2024

Repercussions of FECOLJUEGOS panel on challenges and the future of industry in Latin America in GAT 2024

(Cartagena, SoloAzar Exclusive).- Evert Montero Cárdenas, President of Fecoljuegos, and four member panelists from the institution, analyzed the challenges facing gambling operators in Latin America, within recent GAT 2024 event.

Friday 03 May 2024 / 12:00

Gaming Overview in Peru at GAT Expo: challenges and opportunities in times of change

(Cartagena de Indias, SoloAzar Exclusive) - "Gaming market in Peru, physical casinos and the impact of online gaming regulation" was the main topic of the Peru Panel, during the Conferences organised at the GAT EXPO, held in Colombia, on 9, 10 and 11 April. In this session, experts in regulation, operations and compliance explored the trajectory of the gaming industry in that country, analysing its transformation over time.

Thursday 02 May 2024 / 12:00

AI: The new ace in the hole for the games of chance industry

(Cartagena, Exclusive SoloAzar).- One of the conferences held within the recent GAT EXPO, brings to the table a topic that is on everyone's lips: Artificial Intelligence (AI). This year, the panel entitled “Artificial Intelligence in the Entertainment Industry” was held with the presence of prominent experts from Latin America.

Tuesday 30 Apr 2024 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

PODCAST