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Illinois would lose about $122 million without Powerball and Mega Millions

Friday, Jun 16, 2017

* 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.”

- Posted by Rich Miller        

  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?


    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.

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