Treasurer Timothy P. Cahill appointed Mark J. Cavanagh Executive Director of the Massachusetts State Lottery, on January 15, 2007, making Cavanagh the ninth director in the Lottery’s 38-year history.
As the Lottery’s Executive Director, he is charged with the operations of over 400 employees, five regional offices, and the allocation of more than $4 billion dollars of annual revenue.
Prior to his appointment as Executive Director, Cavanagh served as Deputy Treasurer, overseeing the Abandoned Property Division, the Department of Debt Management and the Massachusetts Water Pollution Abatement Trust. During Cahill’s first term as Treasurer, Cavanagh guided the Abandoned Property Division to record successes. Over the past four fiscal years the Abandoned Property Division collected $883 million and paid out cash claims totaling more than $158 million - an 18% increase over four years. Cavanagh also oversaw an effort using cutting-edge technology to hold two eBay auctions of unclaimed jewelry, coins and other items from safe deposit boxes, garnering over $330,000 for the state.
Before joining Treasurer Cahill’s administration in 2003, Cavanagh served as Vice President of Affiliated Computer Services, was affiliated with State Street Bank’s Unclaimed Property Services Division as manager of the Bank’s National Audit Program, and served as Deputy Treasurer and Director of Abandoned Property during a former Treasury administration.
Cavanagh holds a degree in accounting from Bentley College and a Masters in business administration from Babson College.
Other key staff:
Chief of Staff: Al Grazioso
Chief Financial Officer: Ed Bartley
General Counsel: Bill Egan
Director, MIS: Paul Mandeville
Director, Human Resources: Michael Coughlin
Director, Compliance & Internal Audit: Brian Taylor
Director, Sales: Dave Urban
Director, Security: Sheree Williams
Director, Operations: Matt Di Francesco
Director, Communications: Dan Rosenfeld
Director, Marketing: Diane Anderson
Assistant to the Director: Beth O'Brien
Year established: 1972
Products offered:
Instant games, 3-digit game, 4-digit game, Keno, Cash lotto (Mass Cash /matrix: 5/35), pulltabs, Cash WinFall (matrix: 6/46); Megabucks Doubler (matrix: 6/49), MegaMillions (5/56 & 1/46), Powerball (matrix:5/59 & 1/39).
Total FY ’09 Sales: $4.442 billion
Total FY ’08 Sales: $4.709 billion
Total FY '06 Sales: $4.534 billion
Total FY '05 Sales: $4.482 billion
Total FY '06 Revenue to State: $951.2 million
Total FY '05 Revenue to State: $936 million
Fiscal year ends: June 30
Beneficiaries: Cities & towns, compulsive gambling, arts council, general fund.
Multi – State Lottery Association
· Lottery Sales and Profits
· Lottery Beneficiaries