News From The Casino Scene

Oregon State Lottery Sees Growth Despite The Coming Of New Casino

Oregon State Lottery Sees Growth Despite The Coming Of New Casino

The Ilani Casino Resort that opened three months back on the Oregon-Washington border failed to stop the growth in Oregon State Lottery sales. Though the sales have slowed down, they continue to grow. The state lottery revenues are up by 2.6%, which is near $2.7 million, from the previous year at the same time.

According to the prediction made by the state economists, Ilani would whoop out 12 percent of the Oregon lottery revenues in the next two years representing a loss of $220 million in gross receipts. It would be a decline of $142 million in the net profits sent to state coffers.

While these are mere speculations the and it's too early to know the state lottery revenue and lottery analysists need a year or two years data to observe the impact of the new casino.

The revenue from lottery sales on Hayden Island is down by 14 percent, owing to the casino. The casino gets its significant share of business from Southwest Washington and Northwest Oregon.

All rights reserved.