WASHINGTON — Lotteries are a key source of revenue for 44 states nationwide, but players' evolving tastes and record-low interest rates have contributed to put lotteries in a precarious position, according to the head of the industry's leading interest group.

"The national challenges are huge, said Buddy Roogow, president of the North American Association of State and Provincial Lotteries and executive director of the District of Columbia Lottery & Charitable Games Control Board.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.