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Friday, July 19, 2013

Profit Drops At Lottery Corporation

The Atlantic Lottery Corporation is reporting a $7 million decline in its profit.

The corporation's annual accountability report shows a net profit of more than $362 million for the 2012-2013 fiscal year as compared to $369 million plus in 2011-2012.

While the sale of lottery tickets was up $19.9 million, video lottery revenues declined by $29.2 million.

$367.7 million in prizes were paid out which represents the largest amount in recent years.