Connecticut’s gambling economy has taken a hit in recent years as Foxwoods and Mohegan Sun casinos have seen significant declines in business, which has sapped the state’s coffers of much needed revenue.
Funds from off-track betting and charitable games have also been down significantly, state records show.
One institution, however, that isn’t feeling much pain is the Connecticut Lottery Corp. The quasi public agency, which saw its game sales surpass $1 billion for the first time in fiscal 2011, has seen its revenues — and contributions to the state budget — steadily climb since 2008.
In fiscal 2013, the lottery provided $312 million to the state budget — its highest single year contribution ever, according to data from the state Department of Consumer Protection’s Gaming Division. In comparison, Foxwoods and Mohegan Suns’ combined contribution to the state was $296 million, marking the first time since 1999 that the lottery provided more funding.
The Connecticut Lottery Corp. offers an array of Connecticut-only and multi-jurisdictional games, ranging from scratch tickets to the highly marketed Lucky For Life, Mega Millions and Powerball games.
The gaming industry is a big part of Connecticut’s economy, employing thousands and contributing $613 million to the state budget in fiscal 2013. But that total has been steadily declining since 2006 when the casinos and lottery contributed $719 million to the state’s coffers. All three institutions are legally required to pay a portion of their revenues to the government.
The recession and greater competition has hurt casinos in recent years. The lottery could see its business increase further if the state allows Keno, a bingo-like electronic game, to be played in bars and restaurants. The game was legalized last year, but lawmakers are now having second thoughts. There’s lots of talk the game could be repealed. Lottery officials, however, are trying to preserve the game.
