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Lotteries / States / Illinois #236004

CBS Evening News for Friday, Aug 30, 1974
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(Studio) Lotteries are bonanza for 13 states that have them: Connecticut, DE, Illinois, ME, MD, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, and Rhode Island. Most use money for education. In New York, lottery clears $274 million in 7 years Report on newest lottery.
REPORTER: Bob Schieffer

(Chicago, Illinois) Buyers started buying tickets Jul. 30. State made $1.5 million profit. Banks give tickets to agents who return unsold tickets and money. Money credited to state and earmarked for education. Saxbe says banks may not act as distributors or handle funds. 1st National Bank says handling funds of 1 of clients: Illinois. Says its not illegal.
REPORTER: Sharron Lovejoy (WBBM-TV)

Reporter(s):
Schieffer, Bob;
Lovejoy, Sharron
Duration:
00:01:40

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