Recession crimps this usually safe revenue stream
(NEWSER) - In good times and bad, state governments have relied on the lottery to bring in as much as $1 billion for education programs and other beneficiaries. But last quarter, sales of tickets fell by $215 million nationwide, only the second dip in 16 years. At a moment when states are contending with major budget shortfalls, reports the Wall Street Journal, the drying up of a once recession-proof stream of cash is taking its toll. More»
