Showing posts with label lottery. Show all posts
Showing posts with label lottery. Show all posts

Saturday, December 27, 2008

State Lotteries Reporting Declines

Across the U.S., many state lotteries are reporting hefty declines, with ticket sales down nearly 10% in California and more than 4% in Texas over the past few months. In good years, these lotteries have turned over more than $1 billion apiece to education programs, the most common lottery beneficiaries.

Lottery officials have long praised their games as low-cost entertainment that grow even more appealing to players when the economy turns down. But lottery sales nationwide fell about $215 million, or nearly 2%, from July through September compared with the same stretch in 2007, according to La Fleur's magazine, which tracks the lottery business. - Wall Street Journal

I doubt this is happening in Massachusetts.