When she approved the $58 billion state budget, the governor of Massachusetts also made online lottery sales legal.
Fortunately, the Massachusetts Lottery's concerns about being eaten alive by sports betting haven't materialized yet. The lottery reported a record profit of $1.17 billion on revenues of over $6 billion in 2023—the first year it faced competition from online sportsbooks. An additional $100 million in revenue is anticipated for the web platform annually.
Fortunately, the Massachusetts Lottery's concerns about being eaten alive by sports betting haven't materialized yet. The lottery reported a record profit of $1.17 billion on revenues of over $6 billion in 2023—the first year it faced competition from online sportsbooks. An additional $100 million in revenue is anticipated for the web platform annually.