HomeSome businesses fear loss from Idaho PowerballBusinessSome businesses fear loss from Idaho Powerball

Some businesses fear loss from Idaho Powerball


In early March, Idaho lawmakers killed legislation that would allow Powerball to continue to run beyond August across the state.

Several businesses in Idaho are worried about losing a significant source of cash if the Powerball never returns.

In early March, Idaho lawmakers killed legislation that would allow Powerball to continue to run beyond August across the state.

Powerball is expanding to include Australia in 2021 and Britain in 2022. Current Idaho law only allows lotteries in the state that are played by people in the United States and Canada.

When dividends, commissions, and earnings are combined, Matt Berry, the president of Idaho Petroleum Marketers and Convenience Store Association, said Powerball means more than $1 million for Idaho convenience stores every month. Berry said lottery ticket sales are a big source of income, especially for convenience stores on the Utah border.

“It’s a huge part of what brings traffic into our convenience stores. On the southern border of Utah, it’s a huge traffic point for those convenience stores, many of them claim that they are the Utah lottery because they have so many people that travel in there,” Berry said.

More than 670,000 Idahoans play Powerball every year. According to Berry, the average lottery player spends twice as much in Idaho’s convenience stores as non-lottery players.

“Not only are you missing out on lottery sales but those people also come in our stores and buy other things like gas,” he explained, “so you’re missing out on things like gas tax that comes into that state, you’re missing out on sales tax that comes back to the state, and on top of all the other things that you see with the money that comes back from Powerball with the schools into our state, it’s a substantial amount of money.”

Berry owns and operates convenience stores in Eastern Idaho called Hux, his stores rely on foot traffic.

“Where we make our money is the extra things that the customers buy, the soda pop, the candy,” said Berry

President of Idaho-owned Stinker Store Charley Jones said the loss of Powerball won’t hurt business too much. However, he’s concerned about how it will impact Idaho public schools.

“It’s important for the convenience store business, it’s important to our customers, we have sold lottery products for decades and we would like the Powerball not to go away,” said Jones

Sones said Stinker has been part of the lottery for decades.

“It’s good for public schools, you know, and who is it hurting? I don’t see it hurting anybody,” said Jones. “You know the worst thing that comes out of Powerball is customers make a contribution, if you will, to public schools.”

Based on recent years, the Idaho Department of Education is expecting $9.4 million of the state Powerball money in 2021. $5.6 million of that would go to repair and maintenance and $3.8 million to the bond levy equalization fund, which eases the tax burden on Idaho taxpayers.

“It’s good for Idaho, it’s made a lot of money towards Idaho public schools, and please consider, I don’t quite frankly understand the fear of international involvement in that, and I kind of assume gosh, the other states are going to play, what makes Idaho different?” said Jones.

Join ‘The 208’ conversation:




Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

payday smile logo

PaydaySmile.com is a financial technology company specializing in payday loans and financial solutions. With a keen focus on catering to payday lending needs, the company provides tailored loan options and tools to assist individuals seeking short-term financial assistance. It’s important to note that while we offer financial tools and resources, we are not a direct lender.

Advertiser Disclosure: This website is an independent, advertising-supported comparison service. The card offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

© 2024 PaydaySmile.com . All Rights Reserved.