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TOUCHPLAY: LOTTERY ON STEROIDS?
March 13, 2006
The Tax Policy Blog has a great roundup of revenue statistics by state. This one caught my eye: State Lottery Sales Per Capita, FY 2004.
It shows that in 2004, Iowans bought $71 of lottery tickets per person, per year.
But now we have Touchplay slot machines video lottery installations. In their first eight months of operation, the Touchplays grossed $212,100,000. That also works out to about $70 per Iowan - in only eight months. And an additional 4,500 machines are set to be installed in the next year, over the 6,000 already in place.
Who gets that money? Some insights here.
You can't lose if you don't play!
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