Profits

In 2015, Massachusetts State Treasurer Deborah Goldberg called for a $2 million boost in the State Lottery’s advertising budget. According to Treasurer Goldberg, the additional money is needed to counter the competitive threat posed by the state’s growing casino industry. The Lottery’s...

Over the last 5 years, the Massachusetts State Lottery and the media have made a tradition out of announcing the Lottery’s “record-breaking” sales. Here are articles – from 2016, 2015, 2014, 2013, and 2012 – that display this trend. But is this...

Last week, the Massachusetts Lottery triumphantly announced that, for the fifth straight year, it set a new record for annual revenue and profit. But the details of its financials paint a different picture. For fiscal year 2016, the Lottery generated sales of...