Lottery Sales Increase in 28 States

Posted on September 2nd, 2011

Financial records for 41 state lotteries show that 28 state lotteries had increased sales during the last fiscal year. Seventeen state lotteries set all time sales records last year. Assistant professor of psychology at the University of California-Riverside Kate Sweeny said that an increase of lottery sales occurs when people feel a loss of control [...]

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Are Lotteries Recession Proof ?

Posted on August 25th, 2011

Recently several state lotteries reported record sales and even states with small lotteries are reporting steady or increasing sales. Some state lotteries say that adding new games has increased sales. Many states have added new scratch off games with huge jackpots. Most of the tickets for these mega jackpot games are relatively expensive ranging in [...]

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Missouri Lottery Sales Top $1 Billion

Posted on August 18th, 2011

For the first time in its history Missouri lottery sales topped the $1 billion dollar mark. Total sales for fiscal year 2011 were $1,001,323,458, up 3% from fiscal year 2010. Lottery officials credited increased scratcher sales and an increased advertising budget for the record sales. Missouri lottery executive director May Scheve Reardon said that during [...]

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