State lotteries are falling

State lotteries have generated less revenue than other gaming sectors countrywide.

US.- State lotteries have been falling since 2014, according to a study published by the global nongovernmental organisation focused on public policies, Pew Charitable Trusts. The analysis shows that 22 out of 44 states perceived decreasing results from their lottery sectors since the last few years.

Pew Charitable Trusts’ report argues that lottery decline is related to fewer bets set by new young-adult generation –millennials. The international gaming industry has been studying the millennials’ betting habits due to general concern over potential end of traditional sectors. However, the organisation also states that lottery is not as competitive as other gaming attraction, such as video games and iGaming platforms.

Analysts said the “jackpot fatigue” is also influential among lottery players. Experts believe that residents would participate less in lottery activities when the top prize on offer is not as high as they aspire to.

David Brunori, a professor of public policy at George Washington University commented on Pew Charitable Trusts’ study, lottery revenue represents “US$21 billion in taxes they don’t have to impose on people” and that is the main reason why governments keep offering lottery services.