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Drink more. Save the economy. Iowa collects big bucks from alcohol sales

on 20/11/12 at 7:00 am

Booze News

Increased liquor consumption and a state law change affecting the sale of spirits at Iowa convenience stores resulted in a record year for alcohol revenue to the state, officials said Thursday.

The Iowa Alcoholic Beverages Division collected and generated a record $115 million in revenue for fiscal 2012, while dealing with increased delivery locations during the first year since legislation removed restrictions on gas stations selling spirits.

Total spirits sales were more than $242 million, a $21 million increase that was 6 percent over the previous year. Liquor sales in Iowa were the highest since fiscal year 1988, when the state became the exclusive wholesaler of spirits. In addition to revenue from spirits profits, funds generated by taxes on wine and beer, license fees and civil penalties also increased, ABD Administrator Stephen Larson said.