Lottery Revenues Not Stable
Written by: John Hill PhD.
In a letter earlier this month to the states Chamber of Commerce, Governor Hodges attempted to woo its members into supporting his education lottery plan on the grounds it would allow South Carolina to join the 37 other states that have successful lotteries. The states Board of Economic Advisors has also produced a study in support of legalizing a lottery, citing Connecticut as a superior example of the stability lottery revenue can achieve.
Both of these statements are misleading and disingenuous. In truth, few lotteries are successful when it comes to providing steady revenue.