(Wyo.)-New State Lottery Could Reap $20M In First Year
CASPER, Wyo. (ASSOCIATED PRESS) - The Wyoming Lottery Board estimates that the first year of the state's lottery system will bring in about $20 million from ticket sales.
The board on Friday reviewed a preliminary budget that considered the figure, which was based on estimates the lottery industry provided to the Wyoming Legislature. The law that legalized the lottery in Wyoming requires 50 percent of ticket sales be returned in winnings.
The board still must adopt a budget, hire staff, including a CEO, find office space and decide whether Wyoming's lottery should be part of a multi-state system. The bill that legalized a lottery passed this spring and took effect July 1.
Wyoming is expected to begin its lottery in February.
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