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Rising gas prices may impact lottery sales

Mar 14, 2022, 8:48 am

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Arkansas Lottery Director says they are not surprised about potential dip in sales

By Kate Northrop

With gas prices on the rise, players may be cutting back on their lottery spending in the near future.

State lotteries may begin to see a downward trend in their revenue stream in the upcoming months should lottery players start to rethink their budget to accommodate for rising gas prices.

The Arkansas Democrat-Gazette interviewed Vicki Skaggs of Benton, Arkansas, an office manager who says she's planning on reducing her lottery ticket purchases as a result of higher gas prices.

"You are going to be only able to afford to go to work and home," the player surmised on Thursday. She had just bought several scratch-off tickets totaling $20 at the Casey's gas station convenience store on North Reynolds Road in Bryant.

Normally, Skaggs will buy about $20 worth of lottery tickets every other day. However, her spending habits might change since she anticipates gas prices will soon surpass $5 a gallon.

According to the AAA Arkansas Weekend Gas Watch, the price of regular unleaded fuel in Arkansas was on average $3.90 per gallon. The record for the highest average price for the same type of fuel was seven cents higher, recorded in July 2008.

The Arkansas Lottery says they are prepared for the potential dip in sales revenue and that a decrease was to be expected. 

"As gas prices continue to, quite literally, jump daily, we expect to see additional taper," Lottery Director Eric Hagler told the Arkansas Democrat-Gazette on Thursday. "This was forecasted in our budget, so we are not completely surprised."

At least for the Lottery, there is a silver lining amidst the timing of hiking prices at the gas pump.

"On a positive note, tax returns are in the mail, and spring is around the corner," Hagler continued. "Historically, March delivers the highest performance, and we are seeking good sell-through of our games."

In February alone, the eighth month in the 2022 fiscal year, the Arkansas Lottery generated $42.3 million in sales, about $300,000 more than the same month last year. Online records made public by the Lottery show that the year-to-date sales top nearly $380 million. That's down from $388.1 million compared to the same time in 2021. So far this fiscal year, the Lottery has transferred $61.9 million to the state scholarship fund.

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39 comments. Last comment 2 months ago by JeetKuneDoLotto.
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Avatar
100
New York, NY
United States
Member #140628
March 23, 2013
11628 Posts
Offline

So the lottery is banking on tax refund checks to boost their revenue? How about paying out ALL the grand prizes on all the scratch off games? Instead of canceling them before. Not to worry, they'll just make 3 other $30 scratch off tickets to go along with the 5 they already have. Forget about the $2 scratchers, they're not even on the shelves anymore...I think people should worry more about real bills....ah dare to dream. ..

Sometimes you do the right thing just because it’s right.

Life's a game of mathematics, if you can't figure that out I don't know what to tell you.

    Tony Numbers's avatar - Lottery-022.jpg
    Bronx ny
    United States
    Member #158510
    August 25, 2014
    994 Posts
    Offline

    Lotteries hav some nerve complaining about decreased sales. They increased the purchase price on jackpot games, they increase the number of balls to make it harder to win. Thier greed forces them to add a midday draw in addition to the evening draw. They justify it by saying "We find that the betting public likes being cheated"

      Stat$talker's avatar - animated sphere.gif
      700 light yrs West of Milky Way Galaxy's Center
      United States
      Member #200642
      September 1, 2019
      2551 Posts
      Offline

      Lotteries hav some nerve complaining about decreased sales. They increased the purchase price on jackpot games, they increase the number of balls to make it harder to win. Thier greed forces them to add a midday draw in addition to the evening draw. They justify it by saying "We find that the betting public likes being cheated"

      Thumbs Up  True..!!.just like the corrupt bubblez in all Industries...they soon BURST..!!

      ...MATH... The final Stochastic frontier...

      These are the Lottery Voyages of Stat$talker..!!

      The ongoing Mission,..to seek out the Laws of "Probability Math"...

       to master its rules to invoke...to Conquer ALL Major Jackpots..!!

      ...To boldly go,... Where NO Player has gone before...!!

        andl's avatar - hSk1nCp

        United States
        Member #193179
        October 22, 2018
        27 Posts
        Offline

        Mega Millions and Powerball starting jackpot to be 10 million now? Lol.

          Raven62's avatar - binary
          25
          New Jersey
          United States
          Member #17842
          June 28, 2005
          156848 Posts
          Offline

          Instead of a Dollar and a Dream, It'll be Broke and:

          https://cartoonmovement.com/cartoon/dreaming-freedom

          A mind once stretched by a new idea never returns to its original dimensions!

          Catch-22: A dilemma or difficult circumstance from which there is no escape because of mutually conflicting or dependent conditions.

          Corruptissima re publica plurimae leges: When the republic is at its most corrupt the laws are most numerous.

          The best way to learn is to never stop being a student!

            QuickDrawDude's avatar - Lottery-031.jpg
            Indiana
            United States
            Member #175415
            June 15, 2016
            133 Posts
            Offline

            I think people would rather give up cigarettes and chewing tobacco rather than to give up buying scratch-off lottery tickets.

            It's a Cinderella story
            On a tumble of the dice - (Rush - The Big Money from Power Windows)

              Avatar
              Simpsonville
              United States
              Member #163182
              January 22, 2015
              2915 Posts
              Offline

              Briefly and I mean briefly went to their website.   Did not see anywhere where customers might enjoy the convenience of playing ON-LINE!

              Last week they had an update to mobile app and my phone wouldn't work with it anymore.   On the phone with IGT over the weekend to try to fix it.   Last night deleted the App, called IGT again and gal talked me though it.  The KLC website really needs updating as Android doesn't even have the features they screen shotted anymore!  Be that as it may so glad we have the convenience of mobile shopping!

                Avatar
                Simpsonville
                United States
                Member #163182
                January 22, 2015
                2915 Posts
                Offline

                Mega Millions and Powerball starting jackpot to be 10 million now? Lol.

                Ironically as much as I griped with the lower starting jackpots on MM & PB still playing as much as ever.    So tired of everything being blamed Covid-19, those lotteries know folks will still play.   So let's screw the players and make it less appealing to play.

                  Think's avatar - lightbulb
                  Marquette, MI
                  United States
                  Member #20540
                  August 20, 2005
                  1023 Posts
                  Offline

                  Hopefully all the lotteries will use this as an excuse to dump all their crappier games (like Poker Lotto here).

                  Michigan has 6 Jackpot games.  The Two multi state games plus the Fantasy Five, Classic 47, Fast Cash and the "Jack".

                  Hopefully those will get weeded also.  If they cut down on the number of Jackpot games the ones that are remaining will roll higher faster!

                  Off topic -

                  Andy nuther thing, how about dumping the gasoline taxes for awhile...the revenue is going to obviously drop anyway from the reduced sales so the governments should at least consider that too!

                  I better put this in my signature before the ministry of disinformation bans it!  I'd tweet it but I have never had a twitter or facebook account (and never will)

                  "Democracy Dies In Darkness" recognizes that a democracy cannot survive and thrive without an electorate informed with facts and truth by a free and independent press.

                  When government or corporate interests try to control or intimidate the media for their own purposes, it is the first steps toward a totalitarian or fascist state.

                  Paul Ivice

                    Avatar
                    New Member
                    Clinton twp Michigan
                    United States
                    Member #211849
                    December 13, 2020
                    15 Posts
                    Offline

                    The lottery is a rip-off they make so much money and they are complaining how about sales being down, come on man y'all are killing us. Sales are down because people are not winning! That's the main reason why sales are down people are not playing as much because they are losing their money!

                      Cassie8620's avatar - oGH0ok
                      1859.5948.7664.9749.
                      California
                      United States
                      Member #180563
                      March 13, 2017
                      5556 Posts
                      Offline

                      So the lottery is banking on tax refund checks to boost their revenue? How about paying out ALL the grand prizes on all the scratch off games? Instead of canceling them before. Not to worry, they'll just make 3 other $30 scratch off tickets to go along with the 5 they already have. Forget about the $2 scratchers, they're not even on the shelves anymore...I think people should worry more about real bills....ah dare to dream. ..

                      Soledad, I so agree. You're right.

                       

                      Some nerve they have.

                      $22,000 Won! Let's Go NC! Time 2 break the bank, baby! 

                      0525 1859 0599 0832 1117  0806 1035 1038 1449 2274 2777 2727

                      1859 1895 5819 6185 3062 5127 1117  1933  6023 4213 6023 6230

                      1995 8486 4886 8078 8489 8870 1853 1994 9581 8591 7664  8591

                        Cassie8620's avatar - oGH0ok
                        1859.5948.7664.9749.
                        California
                        United States
                        Member #180563
                        March 13, 2017
                        5556 Posts
                        Offline

                        The lottery is a rip-off they make so much money and they are complaining how about sales being down, come on man y'all are killing us. Sales are down because people are not winning! That's the main reason why sales are down people are not playing as much because they are losing their money!

                        hmmm.

                        i didn't look at it that way. I think the "less" playing, they will start to produce more winner's in ALL games.

                         

                        G-luck to you, Too badd$

                        $22,000 Won! Let's Go NC! Time 2 break the bank, baby! 

                        0525 1859 0599 0832 1117  0806 1035 1038 1449 2274 2777 2727

                        1859 1895 5819 6185 3062 5127 1117  1933  6023 4213 6023 6230

                        1995 8486 4886 8078 8489 8870 1853 1994 9581 8591 7664  8591

                          Avatar
                          ma
                          United States
                          Member #188574
                          March 15, 2018
                          118 Posts
                          Offline

                          Mega Millions and Powerball starting jackpot to be 10 million now? Lol.

                             I will not be that upset if I win only a 10 million dollar jackpot. I can make do with that even after taxes.


                            Belgium
                            Member #214858
                            April 17, 2021
                            2448 Posts
                            Offline

                            "regular unleaded fuel in Arkansas was on average $3.90 per gallon"

                            I only know per liter. 

                            american dry gallon = 4,40488377 liter

                            gallon (USA) = 3,78541178 liter

                            brittish gallon = 4,546092 liter

                            So that would be the second?

                            round2(3.9/3.78541178,5)"$ / liter"
                            =1.03027"$ / liter"

                            round2(1.03027/1.09,5)"EUR / liter"
                            =0.94520"EUR / liter"

                            Haven't seen anything under 1 euro for years I believe.