Wednesday, July 16, 2014

ARKANSAS LOTTERY COMMITTEE BLAMES POOR FOR LOW SALES



The Arkansas Scholarship Lottery’s revenue dropped in fiscal 2014 by $29.5 million from fiscal 2013 to $410.6 million as the amount raised for college scholarships slipped by $8.9 million to $81.4 million. 

It’s the second consecutive year that the lottery’s revenue and net proceeds for college scholarships have dropped. The lottery projects that net proceeds will drop again in fiscal 2015, which began July 1st.

State Sen. Robert Thompson, D-Paragould, who is co-chairman of the lottery oversight committee, said Tuesday night that the lottery’s final figures for fiscal 2014 “were not great, but that was expected as poor people are not buying scratch off’s like we thought they would.” Lottery Director Bishop Woosley has proposed that bake sales be held to help offset the loss in revenue.