Tennessee Lottery Could Cut Kentucky Lottery Proceeds
Williamsburg, KY –
Kentucky Lottery Officials are concerned about the
impact the new Tennessee Lottery will have on
ticket sales in the Commonwealth. Kentucky Lottery
President and Chief Executive Arch Gleason estimates
Kentucky will lose more than 48 million dollars in
sales in the 2004-2005 fiscal year. Gleason also
warns that the loss could reach more than 71 million
dollars in the following fiscal year.
Stores closest to the Tennessee line are expected to
see the greatest reduction in sales. Currently, 16 of the
top twenty sales outlets are near the Tennessee border.
Tennessee will launch its first lottery game tomorrow.
On-line games in the Volunteer State are expected to
start by March.