state-sponsored gambling

Too early to panic?

Submitted by James Protzman on Sun, 01/28/2007 - 9:27pm.

I may have promised I'd never write another lottery post, but the recent news about the shortfall in gambling revenues cannot go unnoticed. North Carolina is facing a potential $200 million problem around funding education because not enough good people in our state have been seduced by the siren song of easy money.

Even as players lined up across North Carolina last week to drop their dollars on chances at a big Powerball jackpot, officials acknowledged the new state lottery has a $200 million problem. Overall sales for the games' first fiscal year are expected to miss the goal by at least that much, adding significant financial pressure to education programs that the lottery was created in 2005 to support.

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Too early to panic?

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