Florida Lottery
Hit by Casinos
As reported by the Miami
Herald: "Both the Florida lottery and sports
wagering took a hit last year after the Seminole
Tribe's two ritzy Hard Rock Hotel & Casinos
opened for business, a study to be released today
shows.
"The upward tick of lottery revenue slowed
substantially in 2004 and fell well behind national
growth rates of 6.7 percent, according to Casino
City's North American Gaming Almanac, an industry
publication.
"The lottery reaped $1.36 billion in 2004,
up by 2.59 percent over 2003's revenue figure. In
2003, revenue had jumped by 8.19 percent over 2002
figures.
"Meanwhile, revenue from sports wagering accelerated
its downward slide in 2004, seeing its biggest plunge
-- almost 7 percent -- in four years, the survey
said…"
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