The Maryland Lottery and Gaming Corporation has published its financial report for FY2021, revealing it has broken its record for profits earned.
The lottery, alongside its six state casinos, raked in over $1.39bn during FY2021, according to a report by Baltimore Fish Bowl.
The amount usurps the previous record from FY2019, when it posted profits of $1.31bn, by 6.1%.
Total sales from lottery and casino operations also shattered the previous record from 2018, which stood at $2.2bn, by 18.8% as sales reached $2.61bn.
Lottery ticket profits contributed $667.4m to state programs in FY2021, again surpassing FY2019’s record of $593.1m.
As per state law, Maryland Lottery’s profits are transferred to the state to go towards community funds including education and infrastructure. This year, the state’s education fund, local aid, horse racing and gambling addiction support groups will benefit from the profits.
“It’s exciting to set records, but the achievement we’re most proud of is that we remain a vital source of revenue that supports the people of Maryland,” Director John Martin said in a statement. “Our staff is mindful of that goal every day, and we appreciate the hard work on the part of our Lottery retailers and casino partners. It’s truly a team effort.”
