The Pennsylvania Lottery hit new records for profits and sales over the last fiscal year, and one of the biggest drivers of growth was the state’s full-scale launch of iLottery games in June 2018.
During its first full fiscal year of use, Pennsylvania iLottery sales, which includes online and mobile games accessed via computers, tablets and mobile devices, generated $381 million in total sales in the state and paid out $332 million in prize money.
Along with other modernization efforts in Pennsylvania, including monitor games at local establishments, the state’s innovative mobile betting approach generated more than $40 million in profit for the 2018-19 fiscal year, which ended June 30.
Pennsylvania iLottery games returned an estimated $31.3 million in profit to the state in the fiscal year to help fund programs for older Pennsylvanians. The Pennsylvania Lottery began in 1972 and seeks to benefit older state residents with property tax rebates, prescription medicine assistance and other elder care programs.
Over the last reporting period the Pennsylvania Lottery, which operates as a bureau within the Pennsylvania Department of Revenue, topped $1 billion for the eighth consecutive year. That success that can be at least partially attributed to the state’s willingness to modernize its choices with online and mobile iLottery games.
“Benefitting older Pennsylvanians every day is more than just our mission statement,” Pennsylvania Lottery Executive Director Drew Svitko said in a press release. “Families across the Commonwealth rely on the vital senior programs that are funded by the Pennsylvania Lottery.”
The launch of online and mobile lottery games in The Keystone State was made possible by Act 42 of 2017, which essentially made Pennsylvania the seventh U.S. state to sell lottery games online. To that end, it seems the legislation is paying off for the state after its first full fiscal year use.
“We are thrilled that the new and exciting games that were authorized by Act 42 of 2017 are proving to be a tremendous success,” Svitko said in the press release. “We’re always working hard to find innovative ways we can responsibly grow profits to benefit older Pennsylvanians.”
Since Act 42 of 2017 was signed into law by Gov. Tom Wolf in November 2017, the Pennsylvania Lottery has launched innovative programs including iLottery games, as well as monitor games such as Keno and Xpress Sports.
These fast-draw video lottery games are available at participating Pennsylvania Lottery retailers, which include local bars and restaurants. They are essentially video monitor stations where players can wager on online video lottery games and watch the outcome unfold on monitor screens.
Pennsylvania’s central gaming system is provided through a partnership with Scientific Games, one of the leading manufacturers of lottery machines, and the addition of these games has helped create new revenue opportunities for the state.
Pennsylvania monitor games sold an estimated $46.7 million in their first full fiscal year of use, generating an estimated $10 million in profit.