The Massachusetts Senate has approved a bill that will regulate online lottery sales. The bill passed almost by a solid vote, since only one lawmaker did not approve the law. Therefore, the Massachusetts Lottery will be able to offer its developments on the Internet to both users of PCs and mobile devices.
However, according to the newly approved legislation, the local commission engaged in regulation of lottery-related activities is authorized to select the products that can become available on the stateís lottery market. At the moment, a request of the Massachusetts Lottery is being considered. We are talking about the request to offer the so-called iLottery System, which allows providing fans of online gambling with online lottery games and daily fantasy sports.
Even without this bill, the Massachusetts Lottery showed very good results the last fiscal year. Its revenues became higher compared to the previous year. This trend has been observed over five years. This fiscal year brought 5.23 billion dollars to the Massachusetts Lottery. This amount is higher by $217 million compared to the figures observed the last year. As for the profit of the organization, it also reached one billion dollars.
The quite small payout can be explained by the fairly high payout percentage, which reaches 73.4%. Any other American lottery cannot boast such payouts. Therefore, the permission to sale products on the Internet will significantly improve the financial situation. In addition, this is very convenient for gamblers.
It is interesting to note that Massachusetts has joined only four states where lottery tickets are available on the Internet. The pioneer in this field is Illinois. At the moment, residents of this state are able to enjoy only online draw tickets. Online lottery sales are currently available in Georgia, Michigan, and Kentucky. In addition, online instant win games are also available in these states. Unfortunately, the attempt to legalize online instant win games in Minnesota failed.