Caption
Cosimoilvecchio / Flickr
Caption
Cosimoilvecchio / Flickr
Oklahoma’s cut of gaming revenues and tobacco taxes increased last year, while proceeds from the state lottery slid slightly, reports the Oklahoma Policy Institute in a series of new fact sheets.
For the most part, lottery sales have remained remarkably consistent, regardless of the up and downs of the economy, the addition of new games, and growing competition from tribal casinos and the new state lottery in Arkansas.
Revenues from the state lottery dipped less than 1 percent from fiscal year 2010-2011, wrote OK Policy, a nonprofit research organization that promotes equitable, responsible and sustainable fiscal and economic policies.
Despite the slight decrease, 2011’s roughly $198.3 million in lottery revenues exceeded expectations by about $3.4 million.
TYPE | FY2010 | FY2011 | % CHANGE |
---|---|---|---|
Revenues | $199.9 million | $198.3 million | -1% |
Net Proceeds | $70.0 million | $66.5 million | -5% |
Electronic games and machines generated the bulk of revenues at both tribal gaming locations and racetracks — 87 percent and 89 percent — respectively, OK Policy reports.
TYPE | FY2010 | FY2011 | % CHANGE |
---|---|---|---|
Racing Revenues | $13.9 million | $17.2 million | +24% |
Tribal Revenues | $118.2 million | $122.2 million | +3% |
Total: | $132.1 million | $139.4 million | +6% |
In 2004, Oklahoma voters approved a measure that increased the excise tax on tobacco products and eliminated state and local taxes. Cigarette sales declined about 25 percent from FY2004-FY2011, while tax revenues — despite a slight dip in 2010 — have increased, OK Policy reports.
TYPE | FY2010 | FY2011 | % CHANGE |
---|---|---|---|
Tribal Tax Revenue | $133.3 million | $137.4 million | +3% |
Non-Tribal Tax Revenue | $178.5 million | $189.5 million | +6% |
Total: |
$262.8 million | $266.3 million | +1% |
Right-click here to download a .pdf of the OK Policy fact sheet.