CT Lottery Tops $10 Billion In General Fund Contributions

ROCKY HILL, CT — The Connecticut Lottery Corporation on Wednesday crossed the $10 billion threshold for profits returned to the state's General Fund since the CT Lottery’s inception in 1972. The lottery's chief executive then hinted that sports betting would boost the coffers even more.

Lottery officials were gushing as they made the announcement.

"The CT Lottery continues to generate significant and reliable proceeds for the State, year after year," CT Lottery President and CEO Greg Smith said. "The Lottery exists solely to generate revenue for the state of Connecticut, and each day we work diligently to maximize those returns. We hope that, in the near future, the CT Lottery is authorized for additional revenue-generating opportunities like sports betting and internet lottery to increase our impact."

The CT Lottery has generated "record returns" to the General Fund almost every year, including a total of $370 million in fiscal year 2019, officials said.

That's more than $1 million per day and an an increase of $25 million from the last fiscal year, officioals said.

Lottery sales were also up more than 5 percent over the same period last year, with $1.333 billion in total sales, statistics show.

The "strong sales" and general fund transfers represent the best results in the CT Lottery’s history, officials said.