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TREASURER SEES LOTTERY PROFITS DIPPING BACK BELOW $1 BILLION

By Andy Metzger
STATE HOUSE NEWS SERVICE

STATE HOUSE, BOSTON, DEC. 6, 2017....After crossing the $1 billion mark in fiscal 2017, State Lottery profits will likely dip below that in the near future, Treasurer Deb Goldberg told lawmakers at the first hearing on the fiscal 2019 budget Wednesday.

Lottery profits will likely fall to $968 million in fiscal 2018 and $965 million in fiscal 2019, Goldberg told the House and Senate Ways and Means committees. Goldberg said one reason for the dip is anticipated payments on winning tickets from prior years.

Plenty of people dream about what they would do if they won the lottery. Goldberg, who oversees the state-sponsored games of chance, has designs on a particular lotto machine that spat out a $758.7 million Powerball ticket last August.


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