Ark. lottery forced to revise budget after law change found

Comment #6

rdgrnr — Fri, 16 Apr 2010 03:05:13 GMT

Don't feel bad about that private company getting your lottery money, it's even worse here.

Here, when we go through a red light or speed and get caught by a camera we pay half our fine to the local PD and half to some private company called Redflex in Australia.

We pay a fine to some private Australian company for speeding in the United States.

How would you like them apples

Comment #5

savagegoose — Thu, 15 Apr 2010 22:35:08 GMT

here in australia , a private company runs lotto in some states. and now they claim they get to keep unclaimed prizes. as the lottery here is played in a pool of state ownd and privately owned companies. all playing for the same games. i winder how they decide where the unclaimed prize goes

Comment #4

JAP69 — Sun, 11 Apr 2010 16:33:03 GMT

With nationalization of the student loans by the fed gov't this past week could give the feds the idea to nationalize the funds profited by state lotteries.

Comment #3

Onlyoneme — Sun, 11 Apr 2010 16:09:38 GMT

omg..........lol

Comment #2

KY Floyd — Fri, 09 Apr 2010 19:44:24 GMT

It seems to me that when a state legislature passes a law that specifically affects state agenies, the legislature should notify those agencies. That makes a lot more sense than requiring every agency in the state to track every peice of legislation to see if any affect their agency.

Comment #1

Raven62 — Fri, 09 Apr 2010 13:32:46 GMT

Seems like the Lottery Director should have been aware of the change made by the Legislature before the change was made not after.

Ark. lottery forced to revise budget after law change found

Lottery Post — Fri, 09 Apr 2010 12:45:36 GMT

Arkansas' lottery director said Wednesday he wasn't aware that the Legislature changed how money from unclaimed prizes is to be managed a move that required lottery officials to revise their 2011 budget.

The revised lottery budget allocates $11 million less for scholarships and overall revenue is projected to drop by $14 million. However, the lottery has been taking in money above projections, and the original scholarship budget target of $116 million could still be met.

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