Lottery Ticket Sales Up Despite Recession
- Author Anthony Wayne
- Published October 6, 2010
- Word count 454
Lottery Ticket Sales Up Despite Recession
Recently National Public Radio reported that the sale of lottery tickets the sale of lottery tickets has increased despite the ongoing recession. Another report by Bloomberg MSNBC says the opposite. The NPR report is more comprehensive while the MSNBC report only mentions lottery tickets briefly and focuses mostly on the sale of metal detectors. Both reports point out that the lure of easy money has increased during the current recession. All lottery players purchase tickets with that big win in mind and there is even a .lottery subculture with its own language and superstitions. People are coping with the economic downturn by cutting back on unnecessary expenses such as eating out, using credit cards less and taking vacations close to home.
One expense lottery players refuse to cut back on is the purchase of lottery tickets. Last year in the US the sale of lottery tickets increased about $1 billion dollars. In addition to tickets for mega jackpot lotteries like Powerball and Mega Millions people are also buying more scratch off lottery tickets. Although some players say they only buy lottery tickets occasionally many buy lotto tickets every day. When jackpots are high ticket sales increase dramatically. The goal of striking it rich is what motivates most players. Arkansas, which just launched a state lottery, has seen ticket sales exceed projections. Arkansas had estimated that ticket sales would amount to about a half a million dollars a day and recent ticket sales have been twice that. Julie Baldridge, spokesperson for the Arkansas lottery stated, "We estimate that conservatively about $100 million in Arkansas money was already going out of state to lotteries. So that money, we believe, has come home."
Most states now sell tickets for Powerball and Mega Millions and thanks to this arrangement ticket sales have increased across the United States. David Gale of the North American Association of State and Provincial Lotteries says that people are still playing despite the recession and economic conditions. Gale stated, "The jackpot games are extremely popular , and that's the lotto games. They probably have less discretionary dollars left over at the end of their budget so they're probably looking for cheaper forms of entertainment. Lottery tickets typically cost a dollar. The other reason is because it's such an inexpensive product that it's probably not one of the first things that's cut from their regular monthly budget."
Some lotteries are not doing well. The West Virginia Lottery reported that total lottery generated revenues was down 10%. Lottery officials blame casino gambling for the losses and expect the decline in ticket sales to continue. Overall ticket sales are up nationally and players still flock to lottery retailers in hopes of that one big win.
http://www.luckylotto.com all rights reserved 2010. Your number one source for buying lottery tickets online
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- How to find rare coins for your collection?
- 8 Reasons to Consider Cookware With Bakelite Handle
- The 411 on Zilch and How to Earn Zilch Rewards at 1000s of Stores Online
- The Ultimate Back-to-School Shopping Guide for 2024
- The Beauty of Brown Lash Extensions: A Natural Alternative
- The Ultimate Guide to Eyelash Extensions: Costs, Time, and Maintenance
- The Best Eye Shapes for Cat Eye Lashes
- How to put on false eyelashes
- The Ultimate Guide to Wispy Lashes
- The Ultimate Guide to Cat Eye Lashes
- Top Funny Gift Ideas for Kids: Bring on the Laughter!
- Guide to Finding the Funny Gifts For Women
- The Convenience and Thrill of Online Shopping: Exploring the Art of Finding Deals
- Experts Reveal the Top Skincare Mistakes You're Making Daily
- How Should a Denim Jacket Fit? The Ultimate Guide to Denim Perfection
- Unraveling Taobao Secret Behind Affordable Products
- Which Products Are Suitable for Purchase on Taobao
- Liquid Screen Protector vs Tempered Glass Screen Protectors
- Find The Best Feather Duster Now
- The Ergonomic Revolution: How the Right Office Chair Can Transform Your Workday
- How are enamel pins made
- What is Best Thing To Buy From Taobao?
- Expert Advice: 5 Essential Tips for Buying an Overhead Crane
- The Rise of Online Gift Shops: Convenience at Your Fingertips
- The Art of Gift Giving: How to Choose the Perfect Present
- Magic Mushroom Chocolate Bars: What Benefits Do They Offer?
- "Vax Vacuum Parts: My Personal Guide to Keeping Your Vacuum Cleaner in Top Shape"
- Noblie custom knife shop
- Discovering the Four Must-Have Types of Sandals for Every Occasion
- 10 Best Neck Joint Service Providers