Lottery gross sales in August have been down $35.9 million or 6.4% in comparison with August 2021, Interim Executive Director Mark William Bracken informed the Lottery Commission Tuesday.
Every product besides one, the Megabucks Doubler, which had a traditionally excessive jackpot, was within the crimson for the month.
Through two months of fiscal 12 months 2023, Lottery gross sales, which have surged greater in recent times, are down $20.3 million or 1.8%.
“It is concerning that our sales are decreasing, especially given the type and quality of products we’re putting out in the market. But I will say that this is a trend that the entire country is seeing with the lottery,” Bracken mentioned. “I think everyone is aware of what’s going on in the world financially with inflation and stuff, and so we’re going to be looking at some ways to see if we can make some changes to adjust to the current market structure.”
Consumer confidence up as gasoline costs fall
U.S. shoppers grew extra assured for the second month in a row as gasoline costs continued to fall.
The Conference Board mentioned Tuesday that its client confidence index rose to 108 in September, from 103.6 in August. The back-to-back month-to-month will increase observe three straight month-to-month declines as American households have been hammered by rising costs, significantly on the gasoline pump.
The enterprise analysis group’s current scenario index — which measures shoppers’ evaluation of present enterprise and labor market circumstances — additionally rose once more, to 149.6 in September from 145.3 in August.
Lynn Franco, the Conference Board’s senior director of financial indicators, mentioned that customers’ buying intentions for big-ticket objects have been blended. More folks mentioned they anticipated to purchase automobiles or massive home equipment within the close to future, however fewer mentioned they intend to purchase a home anytime quickly.
Source: www.bostonherald.com”