Lottery Sales
Up
July 9, 2002
Ohio Lottery sales for the past twelve months are
up $68 million from last year. Sales for the twelve
months ending June 30 were $1.988 billion. As a result,
the lottery contributed $635.1 million to the education
budget for the year (surpassing its commitment by
$1.4 million).
Lottery sales figures continue to evolve since
Ohio joined the Mega Millions multi-state lottery
in mid-May. The first four weeks of combined Mega
Millions and Super Lotto Plus sales brought in 25
percent more in sales than the Super Lotto Plus did
its last solo month. The expected giant Mega Millions
jackpots will typically bring spikes in sales of
the multi-state game; however, this usually countered
with a drop in in-state game sales.
Back to top
Committee Studies VLT Impact
July 2, 2002
Draft recommendation from a special eight-member
legislative gambling impact study committee call
for further study of the potential economic impact
of video lottery terminals (VLTs) at Ohio's racetracks.
Racetrack owners and certain legislators, lead by
State Senator Louis Blessing (R-Cincinnati) advocate
the addition of lottery-sponsored VLTs as a means
of supporting the racing industry and increasing
state revenues.
The committee relied on previous studies, including
a 2000 study funded by the racing industry. The committees
draft report suggests that the economic benefits
predicted by the racing industry study are overstated.
The committee is scheduled to release its final
report on July 9, in which it is expected to conclude
that it does not have enough information to recommend
approving the installation of VLTs in Ohio's Racetracks.
At least three committee members, including Sen.
Blessing, are expected to disagree with this conclusion.
Back to top
|