The Revenue of Lotteries, Scratch-Off Games, Prize Money, and Taxes on Winnings

Lottery revenue was down in nine states in 2002 and 2003, with the sharpest decline occurring in Delaware with 6.8%. The four jurisdictions that operated lotteries experienced increases in sales: West Virginia, Puerto Rico, Florida, and Missouri. The declines were offset by the increase in prize money and taxes on winnings. Despite these declines, Lottery… Read more The Revenue of Lotteries, Scratch-Off Games, Prize Money, and Taxes on Winnings