Shutdown boosts Iowa lottery sales, hurts racing revenue

Posted at 3:12 PM on July 8, 2011 by Catharine Richert (0 Comments)
Filed under: Cities, Counties

This article in the Des Moines Register caught my eye.

According to the story, lottery ticket sales at stores along the Iowa-Minnesota boarder are getting a boost. The Minnesota Lottery has been shuttered during the shutdown.

The story quotes Iowa Lottery Vice President Mary Neubauer:

"We have checked with locations in a few different communities that are along the major highways that run between Iowa and Minnesota, and stores there are seeing an increase in Iowa Lottery sales."

The Jo Stop convenience store along Interstate Highway 35 near Northwood, which is just south of Albert Lea, Minn., has seen lottery sales running at two to three times normal. The North Star Express, another Northwood-area convenience store, reports lottery sales up 25 percent, Neubauer said.

Speaking of lost revenue, MPR's Annie Baxter takes a look at how Canterbury Park, a horse racing track in Shakopee, MN, is faring during the shutdown. The facility must remain closed because the Minnesota Racing Commission, which oversees Canterbury, is not considered a core government function.

Already, the park has been forced to lay off 1,000 of it's 1,300 employees. But Baxter reports that the shutdown is having a ripple effect on businesses in the surrounding area.

She writes,

Worker layoffs mean lost tourism and decreased spending for places like Canterbury. Lost revenue is one of the biggest costs of the shutdown, according to the economic forecasting firm Moody's Analytics. It estimates that the shutdown will siphon between $60 million and $75 million out of the Minnesota economy over a two-week period.

Read the rest of Baxter's story here.



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