{"id":593,"date":"2011-07-31T09:00:51","date_gmt":"2011-07-31T13:00:51","guid":{"rendered":"http:\/\/centives.wordpress.com\/?p=593"},"modified":"2011-07-31T09:00:51","modified_gmt":"2011-07-31T13:00:51","slug":"the-economics-of-the-state-lottery","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2011\/the-economics-of-the-state-lottery\/","title":{"rendered":"The Economics of the State Lottery"},"content":{"rendered":"<p style=\"text-align:center;\"><img decoding=\"async\" src=\"http:\/\/centives.files.wordpress.com\/2011\/07\/072011_2034_theeconomic11.png\" alt=\"\" \/><\/p>\n<p>David Cay Johnston at <em>Reuters <\/em>recently took a look at the economics behind state lotteries in the United States. Some of the findings include:<\/p>\n<ul>\n<li>Lotteries pay out about 62% of their revenue in winnings. That means lottery tickets are taxed at a rate of 38%.<\/li>\n<li>Americans spent $50.4 billion on lottery tickets in 2009<\/li>\n<li>Lottery winnings are taxed\u2026further increasing the tax burden placed upon lottery tickets<\/li>\n<li>In 11 states the lottery provides more revenue than the state&#8217;s income tax<\/li>\n<\/ul>\n<p>You can read more over <a href=\"http:\/\/blogs.reuters.com\/david-cay-johnston\/2011\/07\/15\/u-s-lotteries-and-the-state-taxman\/\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/blogs.reuters.com\/david-cay-johnston\/2011\/07\/15\/u-s-lotteries-and-the-state-taxman\/\"><em>Reuters<\/em><\/a><em><br \/>\n<\/em><\/p>\n<p>Via: <a href=\"http:\/\/gerrycanavan.wordpress.com\/2011\/07\/17\/sunday-links-11\/\"><em>Gerry Canavan<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>David Cay Johnston at Reuters recently took a look at the economics behind state lotteries in the United States. Some of the findings include: Lotteries pay out about 62% of their revenue in winnings. That means lottery tickets are taxed at a rate of 38%. Americans spent $50.4 billion on lottery tickets in 2009 Lottery [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-593","post","type-post","status-publish","format-standard","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=593"}],"version-history":[{"count":0,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/593\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=593"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}