State lotteries are responsible for some of the most important jobs in the country. Many of these state lotteries fund the school systems in states around the US.
With the economy in the dumps, state lotteries have seen a drastic drop off in sales. That could eventually trickle down to mean that school programs will be cut because of a lack of funds.
Millions of dollars a year is poured into the education systems in states such as Florida from their lottery sales. The Sunshine State is about to add the multi-state Powerball lottery to their repertoire, but it may be coming at a bad time.
The Powerball lottery, which has had jackpots this year in the triple figure of millions of dollars, is down seventeen percent for the first half of the fiscal year of 2009. That is a severe drop off that comes directly from the troubled economy.
“People are just choosing to find more safe ways to spend the little bit of extra money they have. The idea of buying a lottery ticket and getting rich is just not one that is being counted on these days,” said Kylie Reason.
The Powerball is not the only lottery being affected by the economy. Mega Millions is another multi-state lottery, and the sales from Mega Millions is down almost ten percent in the past year.
PokerPro Electronic Table Sweeping Through Casinos In US
The world of Texas Hold’em across the world is changing by the second. With casinos becoming more aware of their budgets, the new fad is to trim money by using automated dealers.
PokerTek Inc. has come up with one of the most cost effective ways for casinos to cut corners financially. They have developed their PokerPro electronic Texas Hold’em card tables.
The game runs exactly the same as when it is dealt by a live dealer, except there is no live dealer. People sit around a table, each with a screen in front of them, and cards are dealt electronically. The community cards are in the middle of the table for all to see.
The latest casino to install the PokerTek software is the Valley View Casino in San Diego, California. Recently, Donald Trump has installed the tables at his Atlantic City casino, and many other casinos around the country are moving towards the electronic version of Hold’em.
The advantage of the new tables is that casinos can have many more hands of poker dealt an hour. That increase the amount of money that is taken in by the house. With customer bases down because of the economy, the PokerPro tables are becoming a strong way for casinos to cut their overhead.