Ticker: Lottery scratches back to profitability; Pot regulators delay vote on home delivery
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September sales results show the Massachusetts Lottery has mostly rebounded from pandemic-related disruptions earlier in the year.
September sales of $421.3 million were up $20 million over September 2019 and year-to-date sales of $1.37 billion are running $80.6 million, or about 6%, above the same time period last fiscal year, Executive Director Michael Sweeney said in a report to the Lottery Commission.
The Lottery turned an estimated profit of $61.0 million last month, compared to $68.4 million in September 2019. Sweeney said the profit dip was due in part to a $10 million increase in instant ticket grand prize claims last month.
Through the first quarter of fiscal 2021, the Lottery has generated profits $31.8 million greater than at the same point last year.
Though sales appear to have mostly rebounded to pre-pandemic levels, the effects of the widespread business closures are evident.
Keno players have fewer options due to the pandemic and year-to-date sales in the game are down nearly 10%.
Scratch tickets appear to be picking up the slack. While Keno sales are down $24.5 million or 9.4% so far this fiscal year, scratch ticket sales are up $99.7 million, or 11.3%.
Pot regulators delay vote on home delivery
There will be no vote this week on the Cannabis Control Commission’s latest rewrite of its regulations, including its framework to allow marijuana delivery.
The CCC announced Tuesday that the meeting planned for Thursday, at which regulators were to take a final vote on a suite of new regulations, has been postponed one month until Nov. 30 and that the agency will give people yet another chance to weigh in with comments on delivery plans.
The decision to delay the vote comes after a group of 19 state lawmakers had pressed the commission to “revisit your timeline to allow for additional public hearings.”
The CCC said in its announcement that it has scheduled a public hearing on the delivery license structure on Nov. 13 “to extend the opportunity for constituents to participate in the Cannabis Control Commission’s regulatory drafting process.”
September sales results show the Massachusetts Lottery has mostly rebounded from pandemic related disruptions earlier in the year.
Lotto Texas Rolls to $42.75 Million Jackpot in Saturday’s Drawing
Powerball, Mega Millions jackpots at $20 million each
Published September 17, 2020 • Updated on September 17, 2020 at 11:04 am
No one won the Lotto Texas jackpot Wednesday night so the pot continues to roll over giving Texas players on Saturday the game’s largest prize in more than a decade.
With no jackpot-winning tickets sold in the last drawing, the game’s jackpot prize has grown to an estimated annuitized $42.75 million for the next drawing — or $36.2 million with the cash value option.
The Texas Lottery said that so far in 2020 there has only been one Lotto Texas jackpot winner, a Laredo resident that claimed a jackpot prize of $17.5 million for the drawing held on Jan. 15.
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The next drawing will be the largest jackpot since May 29, 2010 drawing when the jackpot grew to $97 million. The winner of that jackpot bought the winning ticket at a 7-Eleven on Garland Road in Dallas. The largest Lotto Texas jackpot in game history was an advertised $145 million prize for the June 19, 2004 drawing, which was sold in El Paso.
Since launching in 1992, the Lotto Texas jackpot has awarded $6.48 billion in prizes.
Texas also participates in two multi-state lotteries — Powerball and Mega Millions. The next Powerball jackpot is estimated to be worth $94 million (drawings Wednesday and Saturday) and the next Mega Millions jackpot is estimated to be worth $119 million (drawings Tuesday and Friday).
No one won the Lotto Texas jackpot Wednesday night so the pot continues to roll over giving Texas players on Saturday the game’s largest prize in more than a…