Hey, now you know: New York lottery revenue hits record $9 billion (Democrat & Chronicle)

January 5, 2013 – New York’s lottery hit the jackpot in 2012, reaching a record-breaking $9.1 billion in sales and revenue, state records show. The windfall for the state Lottery Division is the result of huge, multi-state Powerball jackpots last year and a full year of operations at the state’s largest gambling hall, Aqueduct Racetrack in Queens. Sales from traditional lottery games and revenue from the state’s nine video-lottery facilities increased 12 percent over 2011. The Lottery Division said the record revenue means $2.7 billion would be allocated to help fund state education in 2013. The state spends more than $20 billion annually on school aid.

Link to Full Article: http://www.democratandchronicle.com/article/20130104/NEWS01/301040061/1002/

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