CBS Moneywatch: States Aren’t Hitting the Jackpot with Lotteries

Some lotteries have limits on the amount of money they spend on advertising their games as a way of discouraging compulsive gambling. Lawmakers in North Carolina, though, recently tried and failed to double the amount of money the state could spend on marketing its game, said Meg Wiehe of the Institution on Taxation and Economic Policy, adding that it wouldn’t “surprise her” if other states will try to do the same thing to boost revenue.

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