Photographer: Simon Dawson/Bloomberg

Gambling Pays Out Less for U.S. States

Gambling revenues have been on a cold streak.

State-sanctioned gambling has changed a lot since the 1970s, when a flurry of states began to introduce lotteries as a way to bring in extra revenue.

Since the 1990s a number of additional states allowed casinos as an additional way to bring in money from gambling. And then there's racinos, hybrid racing and gaming sites, which have caught on since 2000, according to a study from the Rockefeller Institute.

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