Md. Lottery Brings In $519 Million In FY2011

BALTIMORE (WJZ) — Lottery ticket sales are breaking records once again.

Monique Griego has more on why that means big money for Maryland.

Lottery ticket machines have been working overtime.

“Everybody is trying to hit the big one,” said Salice Hill.

Hill throws down dollars on everything from scratchers to the big jackpots.

“With the economy the way it is, the lottery is the best thing going, the best thing that’s legal,” Hill said.

For the 14th year in a row, lottery sales are breaking records.  This year, sales topped nearly $1.7 billion, an increase of nearly $9 million over 2010.

“I’m not surprised.  The economy’s down; a lot of people are trying to get lucky,” said Vailary Mayo.

What a lot of people may not know is every time a lottery ticket is sold, a big part of the sales goes back into the state of Maryland.

Stephen Martino, the director of the Maryland State Lottery, says higher sales don’t just equal higher payouts for players.

“Every dollar that comes from lottery revenue is a dollar that doesn’t have to come from taxes,” Martino said.

This year, the state’s general fund will get $519 million from lottery sales.  The education trust fund will receive an additional $50 million from casino slot profits.  So just because you don’t hit the jackpot doesn’t mean your ticket isn’t paying out somewhere.

Payouts for winners also increased this year, but only by a small percentage.  In all, the Maryland State Lottery paid out around $1 billion in prizes.

Since being created in 1973, the lottery has contributed $12.2 billion in revenue for the state.

  • Charles

    Maryland has the third largest debt in the country behind California and Hawaii. What on earth do they do with all that money??????

    • Steven Cville

      Support your Friends and Buy Minority votes with handout programs that just keep the people down and dependent.
      Thats how the O’Malley’s of the world keep getting elected.

  • Leon

    it’s also ranked as one of the richest states, along with, california and hawaii? correlation?

  • who cares

    I agree. Lottery is winning and everybody is loosing. Probable becuse they don’t send out winning scratch offs. oh I mean rip offs. The lottery is legal mafia gambling. They never disclose how amny winning tickets and if they did who confirms this. I bet the new casino and we will still be broke. We need more police thats why the councilman said to tell a gun is involved to get response. The police don’t care only if a gun or underage kid involved. Break inns stolen car robbery just another day in BCPD.

  • Mike

    I say audit the lottery to see where every penny goes…. too much money not to have something fishy going on…… TRUST NO ONE

  • Nick Pirce

    GOOD year FOR lottery

  • jaguar pc

    Fantastic points altogether, you simply received a new reader. What may you suggest about your post that you just made a few days in the past? Any positive?

  • win the lottery

    Thanks a lot for sharing this with all folks you really recognize what you are talking approximately! Bookmarked. Please additionally discuss with my site =). We can have a hyperlink alternate arrangement between us

blog comments powered by Disqus
Track Weather On The Go With Our App!

Listen Live