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State leaders consider taxing lottery tickets

RICHMOND, Ky. (WKYT) - It could be a prize for the state pensions. Kentucky lawmakers are talking about a proposal that would put a tax on lottery tickets. The money would be used to shore up Kentucky's financially troubled pension system, but the proposal doesn't have some lottery players feeling lucky.

Kentucky leaders are trying to find new ways to handle the problem with pensions. One way House Speaker Greg Stumbo is considering to pay down pension liability is taxing your tickets. Lottery tickets may soon be sold with state sales tax added.

"They already tax everything else, and they just increased taxes. Not the state, but federal did. Taxes just increased anyways so no I don't really think they should tax lottery tickets on top of everything else," explained Jack's BP Service customer and Madison County resident Chris Vick.

Opinions on the possible ticket tax are mixed. Speaker Stumbo estimates the tax could bring in more than $100 million. He believes that money could stabilize the state's retirement system.

Speaker Stumbo will present the idea to House Democrats Monday afternoon.


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