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Massachusetts Lottery Profits Up

MASSACHUSETTS – As reported by the Boston Herald: "State lottery profits are on a record-setting pace this year, but officials are retooling the sagging Keno operation and launching new games to maintain the growth of state-sanctioned gambling revenues.

"`Last year, our net return to the state was $912 million, which was our best return ever,' Joseph Sullivan, director of the Massachusetts State Lottery told the Herald.

"`We're on pace to beat that. Our first quarter, from July through Oct. 2, we're 5.4 percent higher in terms of our net profits,' Sullivan said. If that trend holds, the Lottery could net $961 million this fiscal year. Part of the reason for the Lottery's climbing sales, Sullivan said, is that the Legislature and Gov. Mitt Romney doubled the advertising budget, from $5 million in 2003 to $10 million this year.

"Proceeds from the Lottery are distributed to city and town budgets, although during the budget crisis of the last couple years, some funds were diverted to state coffers…"

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