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#1
07-07-2011, 12:21 PM
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SUNY study details state's gambling revenue
States collect $23.94 billion from games of chance in fiscal year 2010
BY CHRIS SIEROTY State revenues from lotteries, slot machines, table games and other gambling rose 2 percent in the 2010 fiscal year, up from 2009 but still below 2008 levels, the last year before state revenues began to be negatively affected by the recession. The gambling revenue figures come from a new report by the Nelson A. Rockefeller Institute of Government at the State University of New York. States collected $23.94 billion in revenues from gambling in fiscal 2010. Lotteries, casinos, racinos and pari-mutual wagering, Institute researchers Lucy Dadayan and Robert Ward found, generated the revenues. Gambling has expanded tremendously over the past four decades. Some 43 states have lotteries, while others allow commercial casinos, slot machines and wagering on horse races. States bet gambling will boost revenues BY CHELYEN DAVIS Date published: 7/3/2011 Even when they're cash-strapped, some people will play the lottery, hoping to gamble themselves out of poverty. Some states are taking the same approach. A new report from the Rockefeller Institute of Government says that at least 10 states expanded gambling options in the wake of the recession, hoping to bring in additional revenue. Pennsylvania allowed poker and other table games at casinos. New York joined a multi-state lottery and is expected to see $19 million in additional revenue. New Hampshire voted to levy a 10 percent tax on gambling winnings over $600.
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All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans 
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#2
07-08-2011, 08:00 AM
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__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
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