New York Avoids Lottery Slump with Video Lotto

Jay — Tue, 30 Dec 2008 18:28:21 +0000

We’re hearing it everywhere, Lottery sales are finally starting to fall into a rut as the economy’s deathgrip tightens on players. New York has bucked the trend, mainly because of the 12% increase in Video Lotto revenue. On average, most states are posting a 2% decline in lottery sales but New York is posting a 3% increase because of slot-machine like lottery machines the state deployed at raceracks and other gambling facilities.

Over the past 8 months, the New York Lottery has generated approximately $709mil (vs $636mil same period last year) from it’s 8 video parlors. A large amount of this gameplay can be contributed to less people travelling to Atlantic City and other gambling Mecas do to the tightening economy. The same folks that used to load up the car and drive 6 hours to go to a casino now just drive down the street to pull the Lottery Slot Machine Lever, keeping the money inside the state.

Last year, the New York Lottery generated $2.6 billion. This amount accounted for 13% of the NY School Systems operating budgets.

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Lottery Winner: New York Bartender Claims $1mil Jackpot after 6 months

Jay — Wed, 03 Dec 2008 05:32:46 +0000

This bartender waited 6 months to claim his $1mil lottery prize from a scratch off new york stat lotto ticket. Who wins the lottery and waits 6 months to pick up their prize?? This guy must really be rich or smoking a copious amount of marijuana to wait that long. Was he torturing himself every single day thinking about crazy ways that $ could just disappear and no one would ever believe he actually won the lottery (like someone stealing the ticket or his house burning down).

I guess we will never know. I hope he has fun with all that money.

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Lottery » New York Lottery

New York Avoids Lottery Slump with Video Lotto

Lottery Winner: New York Bartender Claims $1mil Jackpot after 6 months