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August 25, 2008

No recession in Maryland lottery sales

The final numbers are in from the 2007 -- 2008 fiscal year for the lottery. Another decent year -- up 5.9 percent from the previous year. The best showing since 2004/2005. Other states are seeing similar growth.

  From a recent story in the Hartford Courant:

Even as soaring gasoline prices, mounting home foreclosures and bank losses throw the national economy into a tailspin, the lotteries of Connecticut and its neighboring states are booming.

Connecticut's 2008 lottery revenue of almost $1 billion is a new record, making Lotto tickets and scratch games a kind of reverse barometer of the U.S. economy.

 

 

Posted by Jay Hancock at 1:30 PM | | Comments (0)
        

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Wednesdays and Fridays.
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