PA Lottery Finishes Fiscal Year with $3.69 Billion in Sales, $1 Billion in Net Revenue to the Lottery Fund
MIDDLETOWN, Pa., July 18, 2013 /PRNewswire-USNewswire/ -- The Pennsylvania Lottery finished fiscal year 2012-13 with $3.69 billion in sales and $1.067 billion in net revenue to the Lottery Fund, which supports programs benefitting older Pennsylvanians.
Fiscal year sales were $218.77 million, or 6.3 percent, above the previous year and prior all-time sales record of $3.48 billion. Net revenue grew $6.49 million or 0.6 percent over the previous year.
Instant games sales for the fiscal year totaled $2.31 billion, which was $170.52 million, or 7.9 percent, higher than the previous year. Instant games accounted for 62.3 percent of fiscal year 2012-13 sales, a one-percent increase over 2011-12.
Sales for terminal-based games – which include The Daily Number, Big 4, Quinto, Treasure Hunt, Cash 5, Match 6, Millionaire Raffle, Powerball and Mega Millions – totaled more than $1.39 billion for the fiscal year, which was $48.24 million, or 3.6 percent, above the previous year.
The Lottery paid out nearly $2.3 billion in prizes in 2012-13, up from $2.12 billion the previous year. More than 62 cents of every Lottery dollar is returned to players in the form of prizes.
The Lottery's more than 9,100 retailers, many of them family-owned small businesses, earned $196.07 million in commissions in fiscal 2012-13, an increase of $12.18 million over the previous year.
The Lottery's administrative costs decreased as a percentage of sales slightly in 2012-13 to 2.07 percent, down from 2.1 percent in the previous year.
About the Pennsylvania Lottery: The Pennsylvania Lottery remains the only U.S. lottery that designates all its proceeds to programs that benefit older residents. Since its 1971 inception, the Pennsylvania Lottery has generated nearly $23.7 billion for programs including property tax and rent rebates; free transit and reduced-fare shared rides; the low-cost prescription drug programs PACE and PACENET; long-term living services; and the 52 Area Agencies on Aging, including full- and part-time senior centers throughout the state.
The Pennsylvania Lottery reminds its players to play responsibly. Players must be 18 or older.
For drawings results, winning numbers, winners' stories and to subscribe to the Lottery's RSS news feed, visit www.palottery.com. Also log in to Facebook and like us at www.facebook.com/palottery or follow us at www.twitter.com/palottery.
Media contact: Elizabeth Brassell, 717-787-6960
Editor's Note: The PA Lottery's 2012-13 annual report is available at www.palottery.com, under "About the PA Lottery," then "Annual and Economic Reports."
SOURCE Pennsylvania Lottery