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Lottery and VLT 2013-14 record profit hits $3.17 billion

SCHENECTADY – The New York State Gaming Commission announced traditional Lottery sales and video lottery net win for fiscal year 2013-2014 totaled $9.23 billion, producing a profit of $3.17 billion for education, a 4.2 percent increase over fiscal year 2012-2013.

This marks the 14th consecutive year of growth in revenue for the most profitable Lottery in North America.

“We are proud of the significant contribution the Lottery makes to support New York’s schools and we are very pleased to have set yet another sales record for the past fiscal year,” said Robert Williams, Acting Executive Director of the New York State Gaming Commission. “We look forward to continuing this record of success in the future.”

Total sales and net win increased $292.2 million or 3.3 percent over the prior year. Profit for education increased $127.2 million or 4.2 percent over the prior year.

The Traditional Lottery business benefited from strong growth of the Mega Millions game, including the second highest jackpot of $648 million in December 2013. In addition, there was continued growth in Quick Draw due to better market penetration and retailer support efforts. Increases in video lottery net win (total bets less prizes) and profits were reported at five of the nine of the Video Lottery Gaming facilities, led by Resorts World Casino New York City.

All Lottery profits go to funding K-12 education in New York State. The Lottery’s fiscal year 2013-2014 profit of $3.17 billion represents approximately 15 percent of total state aid to local school districts.