Pennsylvania Lottery Generates Record Revenue In 2018-2019 Fiscal YearThanks In Part To iLottery Sales, The Pennsylvania State Lottery Took In $4.5 Billion In Revenue |
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The introduction of online lottery in Pennsylvania boosted sales numbers for the most recent fiscal year to record levels.
According to numbers released by the Pennsylvania Gaming Control Board last week, the 2019-2020 fiscal year closed with $4.5 billion in revenue. The mid-10-figure revenue is a record for the Keystone state and up 7.2 percent or $49.6 million from the previous fiscal year. It’s $20 million more than the previous record achieved during the 2015-2016 period.
Scratch-off tickets were the main source of the revenue, making up $2.9 billion, but the online sales gave the numbers quite a boost. New iLottery games, including online keno, generated $381 million in revenue and profits of $31.3 million.
When the state announced that there would be new iLottery offerings, a coalition of seven casinos sued the lottery commission on the grounds that they were too similar to online slots. That suit was struck down last month with the court stating that the casinos were unable to prove that the existence of those games would cause harm to the companies.
Online lottery sales have boosted the revenue of other states as well. Kentucky launched online lottery sales in 2016. Their revenue for the previous fiscal year was $26.8 million, doubling the previous fiscal period’s revenue. Total sales in the state were up 8.3 percent to $1.13 billion with a profit of $272.7 million.
There has been a recent spike in lottery sales across the country. Even states without online sales are experiencing new highs or something close to it. Massachusetts dragged in $5.5 billion in revenue, West Virginia generated $1.143 billion and Iowa took in $391 million.
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