Have gambling investments paid off?

STATELINE INFOGRAPHIC Have gambling investments paid off? Most states that legalized casinos, lotteries or racetrack casinos in the past 10 years have yet to collect the annual state and local revenues promised by political and industry champions of legalization. The South Carolina lottery is one that has exceeded initial projections every year since 2003. Pre-opening projected revenue Actual revenue, short of projections LOTTERY CASINO RÁCINO Actual revenue, met or over projections OPEN 2010 $660 m MARYLAND $59 m* 2009 ARKANSAS $100 m $79 m $200 m KANSAS $11 m* 2008 INDIANA $115 m $119 m 2006 FLORIDA $300 m $191 m NORTH CAROLINA $400 m $391 m $1 b PENNSYLVANIA $652 m Pennsylvania's projection combined anticipated revenues from casinos and racinos. 2005 MAINE $32 m $25 m OKLAHOMA $71 m $13 m $150 m $70 m OKLAHOMA 2004 NEW YORK $400 m $353 m $6.5 m $6.1 m NORTH DAKOTA TENNESSEE $300 m $278 m 2002 SOUTH CAROLINA $150 m $273 m States that more recently approved certain types of gambling, like Maryland and Arkansas, may need a few years for revenues to meet expectations. New York and North Carolina, for example, exceeded their projections several years later than expected. * Revenues shown are for FY 2011. Other revenues shown are annual averages through FY2011 Sources: The Rockefeller Institute of Government, state regulatory agencies, Stateline analysis Stateline infographic by Mary Mahling and Ben Wieder STATELINE INFOGRAPHIC Have gambling investments paid off? Most states that legalized casinos, lotteries or racetrack casinos in the past 10 years have yet to collect the annual state and local revenues promised by political and industry champions of legalization. The South Carolina lottery is one that has exceeded initial projections every year since 2003. Pre-opening projected revenue Actual revenue, short of projections LOTTERY CASINO RÁCINO Actual revenue, met or over projections OPEN 2010 $660 m MARYLAND $59 m* 2009 ARKANSAS $100 m $79 m $200 m KANSAS $11 m* 2008 INDIANA $115 m $119 m 2006 FLORIDA $300 m $191 m NORTH CAROLINA $400 m $391 m $1 b PENNSYLVANIA $652 m Pennsylvania's projection combined anticipated revenues from casinos and racinos. 2005 MAINE $32 m $25 m OKLAHOMA $71 m $13 m $150 m $70 m OKLAHOMA 2004 NEW YORK $400 m $353 m $6.5 m $6.1 m NORTH DAKOTA TENNESSEE $300 m $278 m 2002 SOUTH CAROLINA $150 m $273 m States that more recently approved certain types of gambling, like Maryland and Arkansas, may need a few years for revenues to meet expectations. New York and North Carolina, for example, exceeded their projections several years later than expected. * Revenues shown are for FY 2011. Other revenues shown are annual averages through FY2011 Sources: The Rockefeller Institute of Government, state regulatory agencies, Stateline analysis Stateline infographic by Mary Mahling and Ben Wieder STATELINE INFOGRAPHIC Have gambling investments paid off? Most states that legalized casinos, lotteries or racetrack casinos in the past 10 years have yet to collect the annual state and local revenues promised by political and industry champions of legalization. The South Carolina lottery is one that has exceeded initial projections every year since 2003. Pre-opening projected revenue Actual revenue, short of projections LOTTERY CASINO RÁCINO Actual revenue, met or over projections OPEN 2010 $660 m MARYLAND $59 m* 2009 ARKANSAS $100 m $79 m $200 m KANSAS $11 m* 2008 INDIANA $115 m $119 m 2006 FLORIDA $300 m $191 m NORTH CAROLINA $400 m $391 m $1 b PENNSYLVANIA $652 m Pennsylvania's projection combined anticipated revenues from casinos and racinos. 2005 MAINE $32 m $25 m OKLAHOMA $71 m $13 m $150 m $70 m OKLAHOMA 2004 NEW YORK $400 m $353 m $6.5 m $6.1 m NORTH DAKOTA TENNESSEE $300 m $278 m 2002 SOUTH CAROLINA $150 m $273 m States that more recently approved certain types of gambling, like Maryland and Arkansas, may need a few years for revenues to meet expectations. New York and North Carolina, for example, exceeded their projections several years later than expected. * Revenues shown are for FY 2011. Other revenues shown are annual averages through FY2011 Sources: The Rockefeller Institute of Government, state regulatory agencies, Stateline analysis Stateline infographic by Mary Mahling and Ben Wieder STATELINE INFOGRAPHIC Have gambling investments paid off? Most states that legalized casinos, lotteries or racetrack casinos in the past 10 years have yet to collect the annual state and local revenues promised by political and industry champions of legalization. The South Carolina lottery is one that has exceeded initial projections every year since 2003. Pre-opening projected revenue Actual revenue, short of projections LOTTERY CASINO RÁCINO Actual revenue, met or over projections OPEN 2010 $660 m MARYLAND $59 m* 2009 ARKANSAS $100 m $79 m $200 m KANSAS $11 m* 2008 INDIANA $115 m $119 m 2006 FLORIDA $300 m $191 m NORTH CAROLINA $400 m $391 m $1 b PENNSYLVANIA $652 m Pennsylvania's projection combined anticipated revenues from casinos and racinos. 2005 MAINE $32 m $25 m OKLAHOMA $71 m $13 m $150 m $70 m OKLAHOMA 2004 NEW YORK $400 m $353 m $6.5 m $6.1 m NORTH DAKOTA TENNESSEE $300 m $278 m 2002 SOUTH CAROLINA $150 m $273 m States that more recently approved certain types of gambling, like Maryland and Arkansas, may need a few years for revenues to meet expectations. New York and North Carolina, for example, exceeded their projections several years later than expected. * Revenues shown are for FY 2011. Other revenues shown are annual averages through FY2011 Sources: The Rockefeller Institute of Government, state regulatory agencies, Stateline analysis Stateline infographic by Mary Mahling and Ben Wieder STATELINE INFOGRAPHIC Have gambling investments paid off? Most states that legalized casinos, lotteries or racetrack casinos in the past 10 years have yet to collect the annual state and local revenues promised by political and industry champions of legalization. The South Carolina lottery is one that has exceeded initial projections every year since 2003. Pre-opening projected revenue Actual revenue, short of projections LOTTERY CASINO RÁCINO Actual revenue, met or over projections OPEN 2010 $660 m MARYLAND $59 m* 2009 ARKANSAS $100 m $79 m $200 m KANSAS $11 m* 2008 INDIANA $115 m $119 m 2006 FLORIDA $300 m $191 m NORTH CAROLINA $400 m $391 m $1 b PENNSYLVANIA $652 m Pennsylvania's projection combined anticipated revenues from casinos and racinos. 2005 MAINE $32 m $25 m OKLAHOMA $71 m $13 m $150 m $70 m OKLAHOMA 2004 NEW YORK $400 m $353 m $6.5 m $6.1 m NORTH DAKOTA TENNESSEE $300 m $278 m 2002 SOUTH CAROLINA $150 m $273 m States that more recently approved certain types of gambling, like Maryland and Arkansas, may need a few years for revenues to meet expectations. New York and North Carolina, for example, exceeded their projections several years later than expected. * Revenues shown are for FY 2011. Other revenues shown are annual averages through FY2011 Sources: The Rockefeller Institute of Government, state regulatory agencies, Stateline analysis Stateline infographic by Mary Mahling and Ben Wieder