Casinos Not The Only Gambling Expansion in Florida, Lotto Also

The Florida Lottery has been the main gambling income for the state for many years. Casino expansion in Broward County has recently become a revenue generator.

The state and its Governor, Charlie Crist, appear ready to do whatever it takes to try and balance the budget in the state. That will now include expanding their gambling options for their Lotto game.

Up until now, people have been able to play $1 per play on the Florida Lotto. There is no limit to the amount of tickets that can be purchased, but the only option has been $1 tickets.

Starting in March, that will change. The state will be offering $2 and $3 tickets beginning March 2nd. The new tickets will allow players to try and win a bonus $10 million and $25 million in addition to whatever the main jackpot will be.

The move is to help gain more revenue from the lottery for the state. The expectation is that with the expanded Lotto options, coupled with the new casino expansion, revenue will jump to $248 million. For just the new Lotto tickets alone, an expected revenue of $105 million is hoped to be generated in the next year.

Governor Crist has been aggressive in his efforts to expand gambling in the state. He recently signed a compact with the Seminole Indians allowing them Las Vegas style slots. They also will be allowed to offer blackjack and baccarat under the agreement.

February 12, 2008
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com
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