The Pennsylvania Lottery may soon be seeing a new infusion of life after Gov. Josh Shapiro signed into law legislation that lowers its mandatory profit margin.
Proponents say the change will allow the Lottery to offer games with higher payouts, increasing its popularity and thereby its financial stability. Lottery proceeds go toward older Pennsylvanians as a major funding source for the Department of Aging.
“It is important that our Commonwealth continue to robustly support programs that benefit our seniors,” said Rep. Melissa Shusterman, D-Paoli, who introduced the bill in the House. “Reducing the profit margin ensures the continued health of the Lottery, helping our aging population maintain their independence and quality of life.”
The state says that the previous total 20% threshold limited the number of games it could offer with high payouts and low profit margins. The change to 10% anticipates a higher volume of sales in popular scratch-off tickets that will lead to overall gains for the Lottery.
“We are grateful to members of the General Assembly for recognizing that it was time to take action to put the Pennsylvania Lottery in a better position to compete in one of the most competitive gaming states in the nation,” said Secretary of Revenue Pat Browne, who oversees the Department of Revenue and the Pennsylvania Lottery.
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Author: Ray Hilbrich
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