Lottery sales overall declined 19% in Fiscal Year 2014 vs Fiscal Year 2013! Say, what? Yes, and even more stunning is the fact that lottery sales in the first half of Fiscal Year 2015 are down 40% from the first half of Fiscal Year 2014. Oh my golly! I was really counting on winning several "multi-million jackpots" this year. What about increasing the price of each lottery ticket to offset the decline in sales? Oh, I guess the demand for lottery tickets is not inelastic, given how sales have plummeted. Well, I didn't need those extra millions.
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