Politics & Government
Connecticut Lottery Revenues Top $312 Million
The money the state makes off its gaming is now greater than casino slot revenues.
This article was written by Eileen McNamara.
With the recent dip in slot revenues from Connecticut's two Native American-run casinos the state's lottery now accounts for greater revenues than what the state gets from its share of casino slot machine earnings.
The Connecticut Lottery paid $312.1 million into the state's general fund in fiscal 2012-2013. That's about $16 million more than what the state got from its share of slot machine revenues from the Mohegan Sun and Foxwoods casinos, the Boston Globe reports.
Under their agreement with the state to operate their casinos, the state's two Native American tribes, the Mashantucket Pequots and the Mohegans, give the state 25 percent of all slot machine revenues. That money is then redistributed by the state to municipalities.
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