SEATTLE– A lot of hopeful eyes are glued on the biggest number in gambling this week — the record $425-million Powerball jackpot that’s destined to make some lottery ticket buyer somewhere very, very happy.
In advance of Wednesday’s drawing, some people are already very happy: officials in states selling Powerball tickets. Behind the scenes, they’ve been setting the stage for bigger and bigger jackpots, both for ticket buyers and states selling tickets.
In the 2011-2012 fiscal year, state lottery commissions — 33 of which run Powerball — saw a historic year of revenue from ticket sales. Despite a still-anemic economy, 32 of the country’s 44 state lotteries set new sales highs that will make Powerball’s record-setting payout look like a pittance.
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