Contact Us 417-256-1025
Ozark Area Network
Horse TraderOzark Regional News Talk RadioKUKU Oldies 100KKDY 102.5KSPQ Q94 Jack FM96.9 The Fox

(Little Rock) (AP) – The Arkansas lottery generated $89.1 million for college scholarships in the fiscal year that ended June 30, but that’s about 10% less than projected in the budget the lottery proposed the year before.

Numbers released Wednesday show that gamblers bought almost $42 million less in scratch tickets for the fiscal year.

Because of revenue shortfalls, legislators this year altered the formula for scholarship awards, giving university freshmen $2,000, with the amount rising by $1,000 annually through their senior year.

Lottery director Bishop Woosley has been working to promote draw games, such as Powerball and Mega Millions. Those games had revenue almost $1 million more than expected but still accounted for only 17% of spending by players.

Gross revenue was $440 million compared to the projected $481 million.

Comments are closed.