Many states' lottery sales are rising in recession
Associated Press - January 12, 2009 1:23 AM ET
NASHVILLE, Tenn. (AP) - Even in these uncertain economic times, many people are feeling lucky.
Scientific Games, a maker of scratch-off tickets, says 25 of 42 states with lotteries have experienced a higher sale of scratch-off and daily lottery games since July.
Some researchers say financial insecurity might be driving people to risk more of their money than usual in hopes of a big payoff. Others credit creative marketing by scratch-off makers and state governments.
States' revenues from multistate lotteries, such as MegaMillions and Powerball, have dropped. But industry officials say sales of those tickets tend to fluctuate as the value of the jackpots rise and fall.
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