AWARD WINNING EDITORIAL
OCTOBER 11, 2021 VOL. 57, No. 40
INCLUDING THE HUDSON VALLEY WEEKLY SECTION
westfaironline.com
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BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com
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It’s a good time to be the Connecticut Lottery Corp. That’s arguably always the case for an entity that,
for the past decade, has generated sales of at least $1 billion and, since its 1972 inception, has delivered over $10 billion to the state’s General Fund. And things keep getting better: for its fiscal year ended June 30, 2021, the CLC racked up a record $1.5 billion in total sales, up 15% from FY 2020, and transferred a best-ever $418 million to the General Fund, a 20% increase from FY20.
That 2020 was dominated by Covid was likely a significant factor, Rob Simmelkjaer, chairman of the CLC’s board of directors, told the Business Journal. “We have a number of theories that are plausible” for the record numbers, he said. “Certainly Covid-19 had an effect, although there were a number of gaming options that were not available during the pandemic. People couldn’t go
to the casinos for a couple of months while they were shut down, and even when they reopened there were still a lot of concerns about health and safety.” Professional sports leagues were also shut down for some time, Simmelkjaer continued, which may have benefited the underground wagering market but not the legitimate one. He further opined that stimulus checks and ini-
tiatives like the Paycheck Protection Program “were filling people’s pockets. They suddenly had extra money and time on their hands.” Even so, the CLC’s receipts are ahead of the record-breaking FY21 on a year-over-year basis, he said, though specific figures were not available. Simmelkjaer noted that the multi juris-
dictional Mega Millions (available in 45 states, D.C. and the U.S. Virgin Islands) and Powerball (the same, plus Puerto Rico) can also encourage more people to participate as their jackpots grow. Powerball recently paid $699.8 million to a ticket purchaser in California. “Even if we don’t have » SPORTS BETTING
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NEW JERSEY COMPANY WANTS TO DEVELOP $440M OF WAREHOUSES IN ORANGE BY PETER KATZ Pkatz@westfairinc.com
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he Hudson Valley landscape could soon be dotted with $440 million worth of new warehouses and distribution centers if plans by the RDM Group Inc. of Mahwah, New Jersey, come to fruition. “We’re focused exclusively on developing industrial » WAREHOUSES
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