Lottery Betting Down in One of Nations Most Profitable States

In Massachusetts, the state lottery has been the example set for other lotteries around the country, but the latest numbers show they are well below their target money goal.

The past few years, Massachusetts has experienced some very high income from their state lottery games. In 2005, the state provided $936 million to communities, and the number grew to $951 million in 2006.

State Treasurer Tim Cahill has stated that he continually has warned that this years numbers would not reach the figures from 2006. State sales have been lagging for 2007.

The impact will not be felt this year for the dragging sales, but if sales continue to decrease, individual communities will start feeling the effects in the 2008 fiscal year.

The decrease in lottery sales will only fuel what is already a hot topic in Massachusetts, casino gambling. Should the state decide that legalizing casinos would be advantageous, the money generated from that would almost certainly make up for any shortcomings the lottery might be having.

Governor Deval Patrick, who is a proponent of casino gambling, is currently trying to find the best possible scenario for legislation to allow casino gambling in the state.

September 29, 2007
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com
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