That's an increase of $1.5 million over last year.
The lottery announced the financial figures after an auditor's report issued and released today by the Joint Committee on Legislative Services.
The Lottery’s gross profit from gaming operations before operating expenses totaled $385.9 million for the fiscal year ended June 30, 2013. Video lottery accounted for $316.4 million or 82% of total gross profit.
Net video lottery revenue decreased approximately 1.2% compared to the prior year. On-line and Instant Ticket revenue also increased 1.7% and 1.3%, respectively, over prior year amounts. The Lottery’s operating expenses totaled approximately $7.5 million for the year ended June 30, 2013.
The Lottery implemented casino-style table gaming at Twin River, the State’s largest video lottery facility, in June 2013. Net revenue from table games totaled $1.9 million for the limited time period such games were in operation during fiscal 2013. After commissions paid to Twin River, the State’s share of net revenue from table games amounted to $.3 million.