Tax on Kentucky Lottery tickets no longer being considered

Feb 26, 2013, 1:18 pm (16 comments)

Kentucky Lottery

Your outrage was heard

FRANKFORT, Ky. — Kentucky lawmakers won't pursue a 6% tax on lottery tickets as a source of revenue to shore up the state's financially troubled pension system for government retirees.

House Speaker Greg Stumbo said that idea was rejected out of concern that a tax might have stifled sales of lottery tickets that generate money for education programs in Kentucky.

Instead, Stumbo said lawmakers will unveil legislation on Tuesday that will call for the lottery to create new games, including Keno, that could generate about $25 million for the pension system.  He said the legislation would also call for tax revenue from slot-like machines, called Instant Racing machines, at horse tracks to be designated for pensions.

He said that could eventually net $100 million a year for pensions, if the Supreme Court approves.

AP, Lottery Post Staff

Comments

LottoPerro

Good call, Kentucky.

noise-gate

Speaker Stumbo-stumbled but recovered to save face. I look forward to reading Stumbo do a mea culpa and say " Lottery Post readers  took my proposal to the woodshed".
Good Call Speaker.

Astekblue's avatarAstekblue

About  time  they   got   something   right

 

Maybe they are not educated  beyond   their    intelligence  after  all    (  at   least  on  this  one ) 

 

 

Thanks  for  the  info   and   news    Todd

dallascowboyfan's avatardallascowboyfan

WTG Kentuckians Thumbs Up

sully16's avatarsully16

They seen the light.

rdgrnr's avatarrdgrnr

I knowed that wadn't goin' through.

I knowed it.

jeffrey's avatarjeffrey

don't worry, they'll find a way to steal money for the pension fund.

Ronnie316

Quote: Originally posted by jeffrey on Feb 26, 2013

don't worry, they'll find a way to steal money for the pension fund.

Turning to Keno as a problem solver is always a good idea.Yes Nod

DG1USA

Cheers

Hooray for Kentucky!

JonnyBgood07's avatarJonnyBgood07

I can't even believed this idea was considered.

What a bunch of krotchwaffles you got down there gary....unreal

Ronnie316

Quote: Originally posted by JonnyBgood07 on Feb 26, 2013

I can't even believed this idea was considered.

What a bunch of krotchwaffles you got down there gary....unreal

I Agree! Buy a $5 MM ticket and casher says, "That will be $5.30 please"....... People would hate it.

helpmewin's avatarhelpmewin

Quote: Originally posted by Ronnie316 on Feb 26, 2013

I Agree! Buy a $5 MM ticket and casher says, "That will be $5.30 please"....... People would hate it.

just like the gas no one likes higher prices but they would keep buying them

i like keno rock on KY.Hurray!

Ronnie316

Quote: Originally posted by helpmewin on Feb 26, 2013

just like the gas no one likes higher prices but they would keep buying them

i like keno rock on KY.Hurray!

Because taxes are hidden in the price per gallon, no one ever notices how high those taxes really are.

psykomo's avatarpsykomo

Quote: Originally posted by DG1USA on Feb 26, 2013

Cheers

Hooray for Kentucky!

ScaredSad CheersScared

how low can they go????????????<<<<<<<<<???????????? No Nod BSNo Nod Dupe AlertSad

tax on lottery tickets to go for goverment employee "RETIREMENT" fund.

no.....now we'r gona let keno "BANK" the "RETIREMENT" $$$$$$$$$$$

forget play'n D lottery>>>>>>people>>>get U one them government job'$!

PartyNoelParty

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