Around the country almost daily there are reports becoming public of how the economy is hurting the casino industry. State after state is reporting revenue decrease4s over previous years.
That is not the case, however, in Missouri. They are one of the few states who have their casinos still prospering in the face of a miserable economic situation.
Casino gambling revenue rose seven percent in July over the previous year. In July of 2007, gambling revenue equalled $136.9 million. This year in July, that figure jumped to $146.9 million.
It is amazing that the casinos in the state are doing so well when you consider that Missouri has an extremely high unemployment rate. Companies are continuing to downsize, leaving many people without jobs and money.
“Casinos were considered some time ago to be recession-proof. They’re not. But the casinos themselves are pretty strong,” said Gene McNary, Executive Director of the Missouri Gaming Commission.
He did give a reason that casinos in the state are continuing to see rising revenue. The casinos are frequented most in the state by senior citizens, who are on a fixed income. Therefore, the economy is not hurting them as much as it is the younger generation.
Florida Lottery Sales Heating Up Leading Up To Wednesday’s Draw
State lotteries rarely gather enough attention to compete with the top multi-state lotteries in the United States. The Powerball and Mega Millions lotteries tend to eat up the publicity.
Of course, this is mainly due to the jackpots that are being offered. The multi-state lotteries usually have at least one of their two jackpots up over $50 million. It takes a little longer for individual states to reach those numbers.
Florida is making a run at being the top jackpot in the nation this week. They are already the top jackpot for individual states. Their Florida Lotto game has a grand prize in the drawing upcoming on Wednesday of $30 million.
In addition to the high jackpot, gamblers can actually win more than that if they hit the grand prize. Florida now has three different levels of tickets that can be bought for the Lotto game.
Gamblers can play either one, two, or three dollars on each ticket. The payouts are $30 million for one dollar, $40 million for two, and $55 million for three. The game has been rolling over since the last time somebody won back on July 19th.
Texas is the only other state in the country that is close to Florida. Their top game, Lotto Texas, has a jackpot of $25 million. California is the only other state in the nation with a jackpot over $10 million. Theirs currently sits at $11 million.