ATLANTA,None - Thursday marks the last day of the fiscal year for the Georgia Lottery, which is likely facing a major decline in sales.
Officials said ticket sales will likely be down for a second year in a row, the first time sales have faced a consecutive two-year drop. Lottery Board Chairman James Braswell told the Atlanta Journal Constitution this year's drop will likely be in the $30 million to $40 million range -- about twice last year's loss.
Experts blame high gas prices.
Not only do high gas prices make us cut discretionary spending, but a lot of lottery tickets are purchased at gas stations, Mercer University economist Roger Tutterow said.
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