Network News

X My Profile
View More Activity
Posted at 10:12 AM ET, 12/ 6/2010

Record setting lotto sales in Va., Md.

By Washington Post editors

Virginia and Maryland's lotteries racked up record revenue over the past year, providing cash-strapped governments with funding for schools, police and other critical services, the Washington Examiner reports.

Virginia Lottery sales totaled more than $1.4 billion in the last fiscal year and Maryland's topped $1.7 billion -- both new records for the states -- with nearly half that money, a total of about $1 billion, ending up in the states' coffers. The profit from sales is providing a financial boon at a time when many states face significant budget shortfalls.

Read more about record lottery sales in Maryland and Virginia in the Washington Examiner:

By Washington Post editors  | December 6, 2010; 10:12 AM ET
Categories:  Maryland, Virginia  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Rhee to unveil new group on Oprah
Next: Two marshals hurt serving warrant in D.C.

Comments

Enjoy it while it lasts. Once those slot machine parlors get going in Maryland, the lottery will see a big drop.

Posted by: MarilynManson | December 6, 2010 10:42 AM | Report abuse

@Marilyn -Doesn't Maryland get revenue form the slots? DUH!!!!

Posted by: jwash4472 | December 6, 2010 2:53 PM | Report abuse

Maryland will get a much smaller take of the revenue generated by slots. We get like half of the lottery revenue and less then a third from slots, plus their will be more social costs with slots that the state will bear. Maryland would lose 40% of the lottery revenue if 100% of the lottery money was instead spent on slots. It's not going to be that much, but it still will be substantial. plus you also have to consider all the small businesses who will see a drop in revenue as people play slots instead of going to the movies or eating out.

Posted by: MarilynManson | December 6, 2010 3:58 PM | Report abuse

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2011 The Washington Post Company