For the third straight year, the Connecticut Lottery Corp. (CLC) reported contributing over $410 million back to the state.
Total sales for the CLC reached over $1.7 billion in the recently concluded Fiscal Year 2023, which saw more than $1.1 billion allocated to winning players and more than $412 million in profits, with $404 million being transferred to the state”™s General Fund. In the last five years alone, CLC returned over $1.9 billion to the state”™s General Fund.
Additionally, CLC contributed $3.3 million in FY23 to the state”™s Department of Mental Health and Addiction Service”™s Chronic Gamblers Treatment Rehabilitation, as well as $5.4 million to cover state regulatory costs. CLC also paid over $80 million in lottery retailer bonuses and commissions in FY23 to their network of about 2,900 predominantly small-to medium-size Connecticut businesses.
“We are proud to continue to be a reliable source of funding for our state,” said Gregory Smith, CLC President and CEO. “These outstanding results would not be possible without our much appreciated players and dedicated staff, retailers, retail sports wagering business partners, and the vendors who provide our gaming systems.”
Photo by Mike Mozart / Flickr Creative Commons
