|Posted: February 26, 2013, 10:40 pm - IP Logged|
"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."
Their goal from the beginning was to get slot machines into the race tracks. but they'll never even see the $49 million a year they projected from sales tax on lottery tickets. Maybe one of these years they will actually stumbo onto a way to fund the pensions.