A tax on the poor and stupid - Press of Atlantic City: Jim Perskie's Editorial Blog

A tax on the poor and stupid

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Posted: Wednesday, October 12, 2011 12:29 pm

Who says there is no good economic news — did you see http://www.pressofatlanticcity.com/news/press/new_jersey/new-jersey-lottery-sells-million-more-in-past-fiscal-year/article_b0de57e6-f2d0-11e0-8930-001cc4c002e0.html" target="_blank">this? Revenue from the sale of state lottery tickets increased 1 percent last year. Yeah, I know ... doesn’t sound like much. But it meant an additional $31 million in ticket sales — nothing to sneeze out — and it means lottery sales are now at a record $2.64 billion. (Of that, $1.54 billion is paid in prizes, leaving $930 million for the state budget after overhead.)

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