The US Economy Is So Bad... Even Lottery Sales Are Collapsing
Tyler Durden
For what appears to be the first time on record, Powerball Lottery Sales declined year-over-year. As the following slides show, lottery sales declined 19% in FY14 vs FY13 and even more stunningly reflective of a nation whose disposable income (and hope) is in such short supply, sales in the first half of FY15 are down 40% from the first of FY14. As LaFleurs concludes, this will make it very challenging for most Lotteries to manage their budgets...
Lottery Sales are plunging...
(SCROLL DOWN)
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and the first half of 2015 looks even worse...
And it's widespread...
And FY15 looks like a disaster...
But apart from that... The US economy is recovering!!!
h/t Nick Colas at ConvergEx
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It's not just the US...
The UK National Lottery has had its worst six months of sales since its launch in 1994, operator Camelot reported today.
Revenue from the various Lottery g
http://www.zerohedge.com/news/2015-01-14/us-economy-so-bad-even-lottery-sales-are-collapsing