Welcome Guest
Log In | Register )
You last visited December 3, 2016, 6:31 am
All times shown are
Eastern Time (GMT-5:00)

Arkansas builder donates $300K to get lottery started

Insider BuzzInsider Buzz: Arkansas builder donates $300K to get lottery started
51
Rating:

A Little Rock, Arkansas, developer said Tuesday he and his family has pledged $300,000 to Lt. Gov. Bill Halter's push to get state lottery proposed on the 2008 general election ballot.

John Bailey, owner of Bailey Properties, said he was willing to help finance a campaign for a proposed constitutional amendment because he believes a state lottery with all of the money going into college scholarships, would benefit the state and its economy.

"I just think it's a great idea," Bailey said, adding that he believes voters should have the opportunity to vote on the issue.

The announcement came as the proposal by Lt. Gov. Bill Halter is being rewritten to overcome drafting deficiencies the attorney general cited last week in rejecting the measure's popular name and ballot title.

Certification by Attorney General Dustin McDaniel is a prerequisite to beginning a petition drive to gather the signatures needed to place the measure on the ballot.

Many people across the state do not have the financial means to attend college on their own and need some assistance, Bailey said Monday.

"I know in my head and my heart that when Arkansas provides more scholarships through this initiative we will see more Arkansans achieve their full potential," he said.

Halter, who pledged to support a lottery amendment during his successful campaign for office last year but failed to win legislative support during this year's regular session, praised Bailey and his family for pledging financial support for a ballot initiative campaign.

"They have made an extraordinary commitment ... to let Arkansas voters decide for themselves whether to allow a scholarship lottery in the state of Arkansas," Halter said.

The lieutenant governor has estimated a state lottery would generate $100 million annually for scholarships. His proposed constitutional amendment would place the money in a trust for scholarships for Arkansans to attend colleges and universities in the state.

Last week, McDaniel wrote that the measure "is silent with respect to the management of such funds" and is unclear about who could receive the scholarships.

Halter said Tuesday the measure was being rewritten to address McDaniel's concerns and would be resubmitted.

If the measure is certified by the attorney general, Halter and supporters of the proposal would have until July 7, 2008, to collect 77,468 signatures of registered voters — 10 percent of the votes in the 2006 gubernatorial election — to place it on the general election ballot.

Larry Page, executive director of the Arkansas Faith and Ethics Council, one of the organizations opposing the lottery proposal, said the $300,000 pledge is not a concern.

"This is nothing new," he said. "We have campaigned against gambling before when those campaigns had a lot more money than we did. It's a classic grassroots intensity campaign that we do versus high intensity, high-funded campaigns."

Arkansas News Bureau

We'd love to see your comments here!  Register for a FREE membership — it takes just a few moments — and you'll be able to post comments here and on any of our forums. If you're already a member, you can Log In to post a comment.

5 comments. Last comment 9 years ago by justxploring.
Page 1 of 1
LOTTOMIKE's avatar - cash money.jpg
Tennessee
United States
Member #7853
October 15, 2004
11338 Posts
Offline
Posted: October 11, 2007, 2:23 am - IP Logged

i would love this to happen.just remember ball draws are the key to keeping loyal players.

    Avatar

    United States
    Member #10720
    January 23, 2005
    933 Posts
    Offline
    Posted: October 11, 2007, 10:43 pm - IP Logged

    I can already imagine the ad slogan for the AR Lottery: "Bill Clinton is from Arkansas. HE got lucky, and so can YOU!"

      POWERBALLPOOL's avatar - army
      New Member
      LOUISVILLE
      United States
      Member #55630
      October 11, 2007
      17 Posts
      Offline
      Posted: October 12, 2007, 12:36 pm - IP Logged

      LOLI Agree!

      The odds of winning the grand prize in powerball are 1 in 146,107,962.00The game sold $2,821,073,017 in FY06 (July 1, 2005 to June 30, 2006).The game sold $2,503,651,244 in FY07The odds of winning the grand prize if you covor all 42 numbers each week are greatly Increased on that one winning ticket.  To  1 in 3,563,608.83(same as the odds for matching 5 of 5.)Ever notice how its pools that often win?Is this the reason?your chances are 4,100%better of winning in a pool that covors all POWERBALL numbers than playing      100$   worth of quick picks at 100 in 146,107,962.00 odds.

       

       

       

       

       

        POWERBALLPOOL's avatar - army
        New Member
        LOUISVILLE
        United States
        Member #55630
        October 11, 2007
        17 Posts
        Offline
        Posted: October 12, 2007, 12:39 pm - IP Logged

        lotterys are good for states,when the money is wisely spent.i think im going to create a game and give the states 75% and use 25%for my nonprofit purpose.

        The odds of winning the grand prize in powerball are 1 in 146,107,962.00The game sold $2,821,073,017 in FY06 (July 1, 2005 to June 30, 2006).The game sold $2,503,651,244 in FY07The odds of winning the grand prize if you covor all 42 numbers each week are greatly Increased on that one winning ticket.  To  1 in 3,563,608.83(same as the odds for matching 5 of 5.)Ever notice how its pools that often win?Is this the reason?your chances are 4,100%better of winning in a pool that covors all POWERBALL numbers than playing      100$   worth of quick picks at 100 in 146,107,962.00 odds.

         

         

         

         

         

          justxploring's avatar - villiarna
          Wandering Aimlessly
          United States
          Member #25360
          November 5, 2005
          4461 Posts
          Offline
          Posted: October 12, 2007, 12:42 pm - IP Logged

          I can already imagine the ad slogan for the AR Lottery: "Bill Clinton is from Arkansas. HE got lucky, and so can YOU!"

          So don't blow it!