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Arkansas Lottery anticipates drop in revenue next year

Arkansas LotteryArkansas Lottery: Arkansas Lottery anticipates drop in revenue next year

Delays participation in Decades of Dollars game

LITTLE ROCK, Ark. — The Arkansas Lottery Commission approved a new budget Wednesday that takes into account expected reductions in revenue.

Under the budget for the fiscal year that begins July 1, operating revenue would be $459 million, compared to $464 million for the current fiscal year, with $100 million in net proceeds, down from $105 million.

Lottery Director Ernie Passailaigue said the budget for the upcoming year is based on actual revenue.

The commission also agreed to move forward with a new $20 instant ticket game that will give players a chance to win $1 million and is expected to begin in May. Passailaigue said the new ticket will attract people with higher incomes and will help the commission meet this year's revenue expectations.

"This $20 ticket will be a very good thing and will help us expand our player base," he said, adding that the money generated from ticket sales will also help raise more money for the scholarship fund.

Edgar A. Kully, an owner of market-research firm Crestwood Associates, told commission members about the findings of a demographic study the company carried out for the Arkansas Lottery. It found that 42 percent of Arkansas adults had participated in the state lottery in some way since the first tickets were sold in September 2009. He said the most popular games are the instant or "scratch" games.

According to Kully, 77 percent of lottery participants support the idea of lottery proceeds going to a good cause, 89 percent of all players are 25 years or older and 74 percent of players come from households with an income of $25,000 or greater.

"The majority of players in Arkansas perceive the experience positively," Kully said. Only 2 percent of the study's participants had negative opinions about the lottery, he said.

The commission postponed action on a contract that would allow Arkansas lottery customers to take part in a multi-state regional game called Decades of Dollars, after some commissioners said they needed more time to review the proposal. Lottery spokeswoman Julie Baldridge said the contract would be considered at a special teleconference meeting Friday.

AP

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5 comments. Last comment 6 years ago by sully16.
Page 1 of 1
beaudad's avatar - animaniacs26
Mid Atlantic States
United States
Member #60043
April 3, 2008
1422 Posts
Offline
Posted: March 11, 2011, 10:36 pm - IP Logged

It is good to see Arkansas coming up with a way to get help.........the Lottery would be a great way to raise money.....beaudad!!! I also like the million dollar idea......actually they should give away 1.75 million....that way after taxes....a millionaire is a millionaire.........I often wondered......if a person is a million dollars in debt......would that make them a millionaire???????

" I don't have a gambling problem,  I have a problem winning!"

    Avatar
    United States
    United States
    Member #60097
    April 5, 2008
    3957 Posts
    Offline
    Posted: March 11, 2011, 10:37 pm - IP Logged

    It is good to see Arkansas coming up with a way to get help.........the Lottery would be a great way to raise money.....beaudad!!! I also like the million dollar idea......actually they should give away 1.75 million....that way after taxes....a millionaire is a millionaire.........I often wondered......if a person is a million dollars in debt......would that make them a millionaire???????

    LOL

    Big Wins For All!

      Bondi Junction
      Australia
      Member #57242
      December 24, 2007
      1102 Posts
      Offline
      Posted: March 12, 2011, 12:30 am - IP Logged

      The Arkansas lottery should take a page out of the Massachusetts lottery's book, and start a subscription service allowing people for all over the US to participate in it's lottery. It would raise much-needed additional revenue.

      We all get a lot out of lotteries!

        bobby623's avatar - abstract
        San Angelo, Texas
        United States
        Member #1097
        January 31, 2003
        1394 Posts
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        Posted: March 12, 2011, 12:44 pm - IP Logged

        Arkansas needs to dispose of their lottery computers and adopt ball machines!

          sully16's avatar - sharan
          Ringleader
          Michigan
          United States
          Member #81740
          October 28, 2009
          40296 Posts
          Online
          Posted: March 12, 2011, 4:44 pm - IP Logged

          Maybe they need people who make fiscally sound decisions.

          Did you exchange a walk on part in the war ?

          For a lead role in a cage?

           

                                                      From Pink Floyd's " Wish you were here"