Cash-Short States Eye Lottery Revenues To Help Balance Their Budgets

  • U.S. lotteries generate more than $80bn in sales, and $20bn annually for state general funds
  • Lotteries are valuable assets to states but need investment to stay relevant, executive says
  • Scientific Games executive Patrick McHugh supports U.S. lotteries offering sports betting  

As state lawmakers deal with budget shortfalls from a steep drop in tax revenues as a result of the coronavirus economic shutdown, gaming executives believe lotteries can generate additional revenues if needed investments are made.

“It is important to remember that the U.S. lottery industry is already a very successful business model,” said Patrick McHugh, chief executive of lottery operations at Scientific Games.

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