Lotteries Generate More Revenue Than Corporate Income Taxes in Some States

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In this Reuters piece, David Cay Johnston examines the shift in 11 states that shows, lotteries, the most heavily taxed consumer product in America, generate more revenue than state corporate income taxes. For example, the Rhode Island Lottery netted the state more than $3 for each dollar of state corporate income tax in fiscal 2009. Johnston also spotlights how the increasing trend toward easy reliance on lotteries has not translated to increased revenue for states.

U.S. Lotteries and the State Taxman

LesLotteries Generate More Revenue Than Corporate Income Taxes in Some States