Russ Harben, Deputy Director, Operations, Arizona Lottery
Inflation in the United States is at its highest levels in over 40 years. For most of the U.S. lottery industry’s existence, inflation has not been a significant macroeconomic factor. However, the last two years have seen persistent levels of inflation well above recent historical norms. This presentation will examine the historical and potential future impacts of inflation in several key areas of lottery operations: lottery sales and profits, product price points, jackpots, financial operations, and contracts / procurements. Lotteries may need to adapt to a new economic reality where inflation remains elevated for the foreseeable future.
Austin Conference 2022