BOSTON — After posting record revenue and profit figures last fiscal year, sales and profit dipped at the Massachusetts Lottery as almost every product offered saw declines in sales during July, the first month of the new fiscal year.
The Lottery sold $392.7 million worth of scratch tickets, draw games and monitor games in July, a drop of $11.4 million from the previous July, Executive Director Michael Sweeney told the Lottery Commission on Tuesday.
Monthly estimated profit for July was $79.9 million, compared to $80.9 million in July 2018.
The Lottery said the net profit figure for July 2019 included one less day than the net profit for July 2018, and that profits would have been up $1.9 million for the month if accounting for that difference. But the agency also said its profits were bolstered last month by the fact that players claimed only $13 million in scratch ticket grand prizes during July, compared to the $25 million claimed last July.
The Lottery paid out 72.52 percent of its revenue as winnings last month, compared to 73.21 percent a year ago.
The only products that saw sales increases last month were Keno — up $1.7 million — and Megabucks Doubler — up $137,000.
Mega Millions sales last month dropped 68.4 percent from July 2018. In July 2018, the Lottery sold $17.2 million worth of Mega Millions tickets as the jackpot rose through the month to $522 million. This month, the Lottery sold $5.4 million in Mega Millions tickets as the jackpot never climbed above $168 million.
The Lottery estimates a record $1.092 billion from a record-high $5.499 billion in annual revenue in fiscal 2019.