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Is $2 gas a jackpot for state lotteries?

Jan. 15, 2015 9:52 AM ETXLY, RTH, VCR, PMR, XRT, RSPD, FXD, RETL, FDISBy: Clark Schultz, SA News Editor
  • Though lottery sales are highly volatile as large jackpots attract attention sporadically, there's a bit of evidence that some of the extra cash in the pockets of U.S. consumers due to lower gas prices is heading in that direction.
  • Yesterday, the report on retail sales for December missed the mark of analysts in showing a month-over-month decline.
  • The NRF says holiday spending was up 4% Y/Y, but that's roughly the same mark the group predicted in the summer before the sharp drop in oil prices.
  • Data dive: Lottery sales on Powerball and Mega Millions.
  • Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, PMR, RCD

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