Maryland hits jackpot in lottery, casinos for FY 2018

The state of Maryland has hit the jackpot after booking a record $1.25 billion revenue from the combined lottery ticket sales and contributions from its six casinos during the full fiscal year 2018.

On Friday, Maryland Lottery and Gaming announced that state lottery surpassed the $2 billion mark in sales for the first time in FY 2018 and set a new profit record of $575.6 million.

The state reportedly paid players a new all-time record of $1.247 billion in prizes in FY 2018 after its lottery sales rose 4.2 percent to a record $2.043 billion.This means that the state Lottery shelled out an average of more than $3.4 million a day in prizes during FY2018.

Sales of instant tickets rose 11 percent to an all-time record of $750.9 million in FY 2018 from the previous high of $676.8 million set in FY2017. This is the fourth consecutive year that instant sales posted a double-digit increase, according to Maryland Lottery.