ALBANY, N.Y. — A bill from New York state Sen. Diane Savino allowing for ads to be placed on lottery tickets and terminals has passed the Senate, and Ms. Savino said it could raise hundreds of millions of dollars for education without increasing taxes.
The bill would allow for ads to be placed on Lotto tickets and Quick Draw terminals.
Ms. Savino (D-North Shore/Brooklyn) said that around 137 million tickets were sold in New York alone for the recent $654 million Powerball lottery.
"Imagine if all those tickets had advertisements on them that could have raised revenue for New York state," she said. "That is less money we need from your pocket in taxes to run schools and colleges throughout New York. Everyone wins."
The legislation passed 58-2 and now goes to the Assembly, where Ms. Savino is optimistic about passage.
"Hopefully, in the near future, New York Lottery will have a new way to bring in hundreds of millions in revenue," she said.
Michigan and Massachusetts both allow for ads on lottery and keno-style "quick draw" games, the lawmaker said. Michigan estimates that the ads generated $45 million for state coffers in 2013.
Ms. Savino said that New York led the country with lottery sales of $6.2 billion in fiscal 2010.
A recent Gallup Poll on gambling in America found that 57 percent of American adults reported buying a lottery ticket in the past 12 months.
Ms. Savino has long advocated for government and authorities to produce revenue through advertising on their assets, including buses and bridges.
How does this benefit us, the lottery players?
Hope our Governor of N. J. uses this idea as well, instead of messing with state pensions or the proposed tax hike on the rich as proposed by his opposition.
They hoping that you will take the time to read the ads, similar to sitting through all the trailers in a movie theatre before seeing what you originally showed up for.
Here's a crazy idea, how about Ms Savino focus more on how to control New York's out of control spending and eliminate the waste, fraud and abuse in the state's government. Live within it's means. The day that happens, I'd hit the powerball.
Oh great, NASCAR looking lottery tickets.
The Ads will probably be the new Casinos they plan on building. More money for the
51020 billion dollar bridge.So who owns the advertsing company? Friends, family? Yes, i am so jaded, I trust NO politician.
No, thanks. I don't want bigger draws tickets than what I already get.
Alot less winners to pay for ads.Hey Tennessee do this too.Please..I hate the tennessee lottey.
Idaho has had ads on draw tickets for years. I think they're annoying because it makes your tickets huge, but I was not aware they were getting paid for them. I guess if it's a revenue stream, then it probably makes sense.
As a property owner living in The State of New York, I pay $6,000 per year in school taxes. If printing ad's on Lotto tickets helps to keep my school taxes from going any higher, all I can say is how soon do they plan to start selling and printing the ad's??
Jaded ? or just smart ?
Lottery by itself is supposed to benefit education in Jersey,
but more than 69% of my $11000 + property tax goes to the school district.
I don't care. I seem to be ad-blind anyway. Something in my brain turns off at the sight of an ad. Probably because they annoy me. I got a phone call from some marketing company a few years ago, said they were doing a survey on ads. They asked me about certain ad campaigns, describing them in detail - where did I recall seeing them, what they're about, etc. I didn't have the slightest clue about any of them. When ads come on the TV, I get up and go do something - get a drink of water, fold laundry, floss my teeth. Anything just so I don't have to sit through an overly loud load of BS. They could print whatever they wanted on my lottery ticket, I would probably not notice.
if half the revenue from adverts goes to prize money, i wouldnt have a problem.
I thought that these types of business deals only happen in the garbage and construction industry.
Has it ever been said that the lottery is the SOLE funding source for education? Yes, the proceeds from the lottery are meant to BENEFIT education, but I don't think it's the only place schools are supposed to get their money.
The problem is, as with so many revenue raising ideas, the income from this venture falls into some bottomless pit and is never tangibly realized. Pot holes will still go unfilled, state employees will still be laid off, and taxes will rise by as much as they will if this never happened.
haymaker,
All too often lottery money goes through the school system, not to the school system.
It's not the lottery's fault though, the states practice voodoo accounting and put the money into the school system and then take it or a greater amount out of the school system somewhere else in the system.
There was a recent article on Yahoo business about states that spend the least on schools, Nevada and Mississippi (casinos, no lottery) were both on it, and the other eight states or so on the list had lotteries.
I don't trust politicians and Bankers as well.
Well stated, Cointoss.