Capitol Fax.com - Your Illinois News Radar » Illinois would lose about $122 million without Powerball and Mega Millions
SUBSCRIBE to Capitol Fax      Advertise Here      About     Exclusive Subscriber Content     Updated Posts    Contact Rich Miller
CapitolFax.com
To subscribe to Capitol Fax, click here.
Illinois would lose about $122 million without Powerball and Mega Millions

Friday, Jun 16, 2017 - Posted by Rich Miller

* There was some question yesterday about what the loss of Powerball and Mega Millions sales would do to the state budget. Here’s CBS 2

Figures for 2016 show $99 million in Mega Millions sales and $208 million in Powerball sales in Illinois. About 40 percent of each comes back to Illinois in revenue. […]

“That’s money that won’t be available for helping schools,” [Laurence Msall of the Civic Federation] said.

So, that’s about $122 million.

* Also

The loss of the ticket sales will also impact store owners, because lottery buyers also shop.

“I would estimate on average Powerball and Mega Millions brings in $25,000 to $30,000 a year on average,” said Jigar Shah. “That would possibly lead smaller ones to go out of business.”

That’s a big chunk of cash.

* And there’s also a bit of mystery about who is about to dump whom

Lottery spokesman Jason Schaumburg said Powerball would be suspended after the June 28 drawing, and Mega Millions would be suspended after the June 30 drawing if a budget deal isn’t reached.

He would not respond to questions about whether the decision to end sales of the popular interstate games was made by the Illinois Lottery or the organizations that administer the games.

A spokeswoman for the Multi-State Lottery Association, which runs Powerball, declined to confirm that a decision had been made to end sales of that game.

“The Multi-State Lottery Association is focused on protecting the integrity of its games and the experience of its players,” association spokeswoman Anna Domoto said in a written statement to the Tribune. “We work closely with the Illinois Lottery, and all lotteries selling Powerball, to achieve those objectives. … Matters involving the Illinois Lottery should be directed to Illinois officials.”

       

4 Comments
  1. - lake county democrat - Friday, Jun 16, 17 @ 3:55 pm:

    It’s awful, no question. One small caveat: probably some of that money would be spent on the Lotto game (the Lotto jackpots would also grow faster and attract occasional players).


  2. - Oswego Willy - Friday, Jun 16, 17 @ 4:01 pm:

    Who dropped who? Who called who? Who notified who?

    Who?!

    Boy, Ron Sandack, we need you now more than ever #Owl

    To the Post,

    A functioning state could probably absorb a loss of $122 million, but that would be hurtful somewhere.

    That’s a functioning state.

    Illinois is scraping to find monies anywhere just to pay court ordered payments… This possibly will do more than just hurt…


  3. - Stones - Friday, Jun 16, 17 @ 4:59 pm:

    Pathetic. At least it won’t hurt the budget because we don’t have a budget.


  4. - Anonymous - Tuesday, Jun 20, 17 @ 12:29 pm:

    Morning DAT 19 6 2017


Sorry, comments for this post are now closed.


* Showcasing The Retailers Who Make Illinois Work
* Reader comments closed for the holidays
* And the winners are…
* SUBSCRIBERS ONLY - Update to previous editions
* Isabel’s afternoon roundup
* Report: Far-right Illinois billionaires may have skirted immigration rules
* Question of the day: Golden Horseshoe Awards (Updated)
* Energy Storage Brings Cheaper Electricity, Greater Reliability
* Open thread
* Isabel’s morning briefing
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Live coverage
* Selected press releases (Live updates)
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............

...............

...............


Loading


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
December 2024
November 2024
October 2024
September 2024
August 2024
July 2024
June 2024
May 2024
April 2024
March 2024
February 2024
January 2024
December 2023
November 2023
October 2023
September 2023
August 2023
July 2023
June 2023
May 2023
April 2023
March 2023
February 2023
January 2023
December 2022
November 2022
October 2022
September 2022
August 2022
July 2022
June 2022
May 2022
April 2022
March 2022
February 2022
January 2022
December 2021
November 2021
October 2021
September 2021
August 2021
July 2021
June 2021
May 2021
April 2021
March 2021
February 2021
January 2021
December 2020
November 2020
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0




Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller