Massachusetts Lottery Sets $6.168 Billion Revenue Record in FY 2024

Massachusetts residents love to use our best sports betting apps, but they also love the lottery.

A new press release from the Massachusetts Lottery has revealed a record-breaking $6.168 billion in revenue for the 2024 fiscal year, which ended on June 30, 2024. The total marks a 0.3% increase from the $6.148 billion record set in FY 2023. The Lottery also produced $1.159 billion in net profit during the 2024 fiscal year, the second-highest total in the company’s 52-year history, behind last year’s $1.193 billion.

In FY 2024, the Lottery also paid out a record $4.525 billion in prizes, marking 73.4% of the revenue total and surpassing the $4.483 billion record set last fiscal year. Players won a total of 160 prizes worth $1 million or more, including three $25 million instant prizes. The Lottery’s network of retailers also earned a record $350.7 million in commissions and bonuses in FY 2024, up from last year’s $350.3 million.

“I am proud of our team’s performance as we faced increasing challenges in the marketplace. Thank you to our retail partners and our customers for their continued support of our mission,” said State Treasurer Deborah B. Goldberg, Chair of the Massachusetts State Lottery Commission. “Because of everyone’s efforts, we are able to provide critical local aid to all 351 communities throughout the state.”

Critical local aid 

Each year, the Massachusetts State Lottery returns net profits to the Commonwealth to distribute unrestricted local aid to the 351 cities and towns of Mass., who can choose how to allocate their funds. Examples of how these funds are utilized include school services, parks and recreation programs, local road improvements, snow removal, and public safety staffing and equipment.

“Thanks to our customers, our employees and our retail partners statewide, we were able to deliver over $1 billion to our local communities for the fourth consecutive year,” said Mass Lottery Executive Director Mark William Bracken. “We appreciate Treasurer Goldberg and our Commissioners for their guidance as we continue to introduce new ways to engage our customers and support our retailers.”

About the Massachusetts Lottery

The Mass Lottery, regulated by the Massachusetts State Lottery Commission, was established on Sept. 27, 1971. Players must be at least 18 years old to participate in games such as Megabucks, The Numbers Game, The Wheel of Luck, and Mass Cash. The Lottery has also been a member of the North American Association of State and Provincial Lotteries (NASPL) since 1972 and offers multi-jurisdictional games like Lucky for Life, Mega Millions, and Powerball.

Since its first ticket sale in 1972, the Mass Lottery has produced over $155 billion in revenue and awarded over $109 billion in prizes. Additionally, the company has returned over $33 billion in net profit to the Commonwealth for local aid provided to cities and towns. It has also paid over $8.8 billion to its statewide network of retailers. 

The Bay State also has Massachusetts sports betting and three retail casinos. The Massachusetts Gaming Commission recently reported the state’s latest gaming figures for August 2024, revealing $103.3 million in casino GGR and $33.1 million in sports betting revenue, both up year-on-year.