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Pennsylvania Lottery: 12 Months, $4.5Bn In Sales, 31.3m In Profits From Online Lottery

Pennsylvania Lottery: 12 Months, $4.5Bn In Sales, 31.3m In Profits From Online Lottery
Pennsylvania Lottery: 12 Months, $4.5Bn In Sales, 31.3m In Profits From Online Lottery

Pennsylvania has profited significantly from online lottery games. According to the figures released by the Pennsylvania Lottery, the profits from online lottery games in the first 12 months of its launch to June 30 was $31.3 bn. The total sales through online lottery were recorded 381 million.

Pennsylvania Lottery reported a total sales of $4.5b in the 12 months ending June 30. The figure represents a 7.2 percent improvement over fiscal 2017-18.

The total earnings from lottery operations stood at $1.14b. The profits were $49.6m more than what it was for the same period the previous year.

Moreover, it was a record year as the profits were also $20m higher than the record revenue generated in fiscal 2015-16.

A six percent rise in the sales of the scratch-off ticket to $2.9b was the biggest contributor to the overall lottery revenue. Draw ticket sales jumped 8.7 percent to about $1.4bn.

While the ilottery games made a significant contribution to the revenue, it had been opposed by online casino and gambling operators in the state.

The online gambling companies in the state filed a lawsuit against the ilottery operators as the casinos feared that it could hamper their revenues from online gaming services, which is soon to be launched.

The lawsuit based its arguments on the premises that according to the current gambling regulations in the state, lotteries offering “games which simulate casino-style lottery games, specifically including roulette, poker, slot machines or blackjack,” are not authorized.

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Harry Matthew

Harry Matthew

Harry serves as a resident reporter for Casino Buzz. He has been responsible for building the content base and forms the core reporting strategies for the website. Along with reporting, Harry is an amazing baseball player with good record at university level. He can be reached at hm@casino.buzz

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