The Wall Street Journal reports state lotteries are starting to see declining sales. Kentucky Lottery Corporation sales were still up as of the end of October, the last date of publicly available sales data.
It would be ironic to see a state that talks about raising its cigarette tax to stop people from smoking though it depends heavily on the revenue from cigarette sales also provide lottery revenues to education to the extent that more citizens might better understand what a bad bet a lottery ticket is.
At long last Kentucky needs to stop screwing around with half-baked schemes such as these and undertake pro-growth policies that don't require a suspension of credulity.
Thursday, December 25, 2008
What if the Kentucky Lottery fails?
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