Revenues on the rise from lotteries, slot machines and other gambling in US

Jun 26, 2011 9:27 AM

A new report says state revenues from lotteries, slot machines and other gambling games rose 2 percent in 2010..

The report was done by the Nelson A. Rockefeller Institute of Government at the State University of New York.

The Wall Street Journal said states are leaning more heavily on gaming revenues, and at least 10 states enacted measures to expand gambling in the wake of the Great Recession.

Gambling revenues grew from $15 billion in 1998 to $24 billion in 2008, the paper reported. Hawaii and Utah are the only states without lotteries or gambling.

The paper noted that although gambling revenues rose from 2009 to 2010, they were still below 2008 levels. That was the year before the recession caused a steep decline.