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Arkansas Lottery paid out $1 billion in prizes in 3 years

Arkansas LotteryArkansas Lottery: Arkansas Lottery paid out $1 billion in prizes in 3 years
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LITTLE ROCK, Ark. — The Arkansas Scholarship Lottery today announced that total prizes awarded to players in Arkansas have exceeded the astonishing $1 billion mark early Monday.

As of Tuesday morning, the prize total was calculated at exactly $1,001,373,313.

The Arkansas Lottery has been selling tickets for only three years and five months — since September 28, 2009.

Lottery Director Bishop Woosley said the Lottery has produced just over $321 million for the Education Trust Fund to finance 94,000 Arkansas Academic Challenge Scholarships.  He added that the Lottery has sold more than $1.5 billion in tickets and paid commissions of about $85 million to the 1873 Lottery retailers around Arkansas.

"The purpose of the Lottery is to produce scholarships," Woosley said.  "When people have fun playing and have a good chance to win prizes, it drives sales and powers the scholarships. That's why we never forget our players.  It's been fun to see so many Arkansans win $1,000, $20,000 — or even $2,000,000 or $25,000,000 — since we opened our doors.  Surpassing $1 billion in prizes didn't seem possible in 2009.  Winning these prizes makes a difference in people's lives."

Woosley praised the convenience and grocery stores, liquor stores, gift shops, produce markets, newsstands, and other Arkansas businesses that sell the tickets.  "Without our retailers, we wouldn't sell a single ticket or fund a single scholarship," he said.  "Prizes drive sales, and the more sales, the more scholarships."

All net proceeds of the Arkansas Lottery go to fund college scholarships for Arkansas students at in-state two- or four-year institutions of higher learning.

Press Release, Lottery Post Staff

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21 comments. Last comment 1 year ago by jamella724.
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mightwin's avatar - questns

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January 5, 2011
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Posted: February 19, 2013, 2:49 pm - IP Logged

94,000 scholarships that pretty good. Wonder how much each one is?


    United States
    Member #116272
    September 7, 2011
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    Posted: February 19, 2013, 3:07 pm - IP Logged

    Google says:

    Year First Awarded4 Year School2 Year School
    2010-11$5000$2500
    2011-12$4500$2250
    2012-13$4500

    $2250

    http://www.adhe.edu/divisions/financialaid/pages/fa_acs.aspx


      United States
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      Posted: February 19, 2013, 3:11 pm - IP Logged

      Sounds like a great lottery if they paid $1 billion in prizes on $1.5 billion in sales.

        Grovel's avatar - f800e6a39fbfea795d1dcbb09f2244
        Little Rock, AR
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        December 19, 2008
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        Posted: February 19, 2013, 3:16 pm - IP Logged

        I wish some of that money had gone to me. There is always tomorrow I guess.


          United States
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          Posted: February 19, 2013, 3:28 pm - IP Logged

          I will avoid the lottery insanity. I will play the lottery today. LOL

            noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
            Bay Area/ California
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            December 12, 2012
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            Posted: February 19, 2013, 4:04 pm - IP Logged

            Giving back a billion $$  is music to both the ears of those receiving & giving it..l wonder though if this person is a " real" Bishop or if that is just his name, cause money & religion can sometimes lead one down the road to perdition whether one is a spokeperson or not. .... Just saying.

              dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
              Oklahoma
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              Posted: February 19, 2013, 4:50 pm - IP Logged

              Congratulations Arkansas checked your website you all have some decent games & scratch- off better than Oklahoma..

              I Love Pink & Green 1908

                mightwin's avatar - questns

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                Posted: February 19, 2013, 5:19 pm - IP Logged

                Since the purpose of the lottery is to produce scholarships,  the schools in Arkansas generally are doing ok financially then?

                  maximumfun's avatar - Lottery-064.jpg

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                  Posted: February 19, 2013, 5:28 pm - IP Logged

                  equity financing for scholarships.  novel idea.

                    mightwin's avatar - questns

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                    Posted: February 19, 2013, 5:29 pm - IP Logged

                    I remember elementary school in the late 80's first day of school we got all the school supplies needed for the year. Now my kids get a nice long list of everything we need to buy for the year. Our school district has been in the red for around 5 million a year for awhile now ( not sure how they keep goin). I don't think it will ever be like it was when I went to school but I do wonder how we've gone downhill so fast.

                      maringoman's avatar - kobold
                      Massachusetts
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                      Posted: February 19, 2013, 7:00 pm - IP Logged

                      I like the idea of scholarships. Wtg Arkansas lottery! Nothing like going to college on a full-ride scholarship. Its one endless party Cheers


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                        Posted: February 19, 2013, 7:39 pm - IP Logged

                        Since the purpose of the lottery is to produce scholarships,  the schools in Arkansas generally are doing ok financially then?

                        I don't think the money helps the schools, but rather students who want to go to school.


                          United States
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                          Posted: February 19, 2013, 7:40 pm - IP Logged

                          I like the idea of scholarships. Wtg Arkansas lottery! Nothing like going to college on a full-ride scholarship. Its one endless party Cheers

                          I Agree! Let the good times roll.


                            United States
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                            September 7, 2011
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                            Posted: February 19, 2013, 7:41 pm - IP Logged

                            I remember elementary school in the late 80's first day of school we got all the school supplies needed for the year. Now my kids get a nice long list of everything we need to buy for the year. Our school district has been in the red for around 5 million a year for awhile now ( not sure how they keep goin). I don't think it will ever be like it was when I went to school but I do wonder how we've gone downhill so fast.

                            Perhaps $4.00 a gallon for gas had something to do with it. What?