Consultant lays out 'ambitious' vision for Arkansas Lottery
A consultant for the Arkansas Scholarship Lottery envisions ticket sales steadily increasing from $450 million in the current fiscal year to $615 million by fiscal 2021 and net proceeds for scholarships rising from $85 million to $109 million in the same period.
Camelot Global Services' self-described ambitious five-year business plan proposes many changes, including overhauling the portfolio of scratch-off and draw-game tickets, increasing the lottery's $5 million marketing budget to $7.5 mi ...
Mar 13, 2016, 11:33 am - Lottery News forum
Falling lottery sales pinch college scholarships
The ticket-buying frenzy that erupted over January's $1.6 billion Powerball jackpot wasn't enough to reverse a long-running trend: Proceeds from lottery games aren't keeping pace with the higher education costs they were supposed to pay.
Now lawmakers in at least eight states have made or are considering making dramatic cuts to scholarship programs funded by lotteries. The programs, aimed at opening access to college by providing nearly free tuition, include one at the University of New Mexic ...
Mar 3, 2016, 12:23 pm - Lottery News forum
Arkansas Lottery marks 5th anniversary
With over 150,000 Arkansas students awarded almost half a billion dollars in lottery-funded Academic Challenge Scholarships, the Arkansas Scholarship Lottery is celebrating five full years of big wins and big opportunities as an engine for higher education and an educated, higher-earning workforce.
Before that first ticket was bought at 12:01 a.m. on September 28, 2009, we could only guess at what this lottery could do for our state, Arkansas Scholarship Lottery Director Bishop Woosley said. ...
Oct 7, 2014, 9:25 am - Lottery News forum
Arkansas Lottery paid out $1 billion in prizes in 3 years
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 Ac ...
Feb 19, 2013, 2:32 pm - Lottery News forum
Florida Lottery education spending investigated
Lottery money still invested in education, but targeted differently than it used to be
Florida Lottery education dollars that used to go mainly to K-12 education are now being spread into several different educational initiatives, raising the ire of local Superintendents, but pleasing those who feel that education spending should be more diverse.
Nearby 4 billion dollars was spent on the Florida Lottery last year. It's money lawmakers promised would go to education. But according to infor ...
Feb 7, 2012, 10:04 am - Lottery News forum
Arkansas Lottery forecasts $5M drop in scholarship money
Arkansas' lottery is on track to bring in roughly $5 million less for scholarships than last year, the games' interim director said Tuesday, as lawmakers prepare to consider whether to reduce the amounts of the scholarships next year.
Interim Lottery Director Julie Baldridge told the lottery's legislative oversight committee that the lottery is on track to raise $89 million for college scholarships for the fiscal year that began July 1. That's a drop from the $94.2 million the games raised in ...
Dec 7, 2011, 3:02 pm - Lottery News forum
Tenn. legislators float idea that lower prizes will bring in more money
Task force says 'bad idea'
Some Tennessee legislators are eying a reduction in prize payouts for Tennessee lottery players while letting them buy tickets with debit or credit cards.
The proposals are among ideas that are being floated as a way to generate more money that can be used for college scholarships.
Both were criticized at a meeting last week of the Senate Lottery Stabilization Task Force with a lottery official suggesting that a cut in prizes could be a bad business decision a ...
Oct 31, 2011, 7:38 pm - Lottery News forum
Tenn. lawmakers float ideas to improve lottery revenues
Tennessee state Senate minority leader is calling on fellow lawmakers to find ways to increase lottery revenues instead of cutting back on the scholarship program, while Gov. Bill Haslam has assigned his staff to consider a broad range of options for stabilizing the game's finances.
Jim Kyle, D-Memphis, said in a letter released Wednesday that while the Tennessee Higher Education Commission estimates that the lottery will deplete its sizable reserves by 2024, it also says annual losses could ...
Sep 29, 2011, 9:36 am - Lottery News forum
N.M. lottery celebrates anniversary, tackles challenges
Amid revenue shortfall, officials launch new campaign to boost ticket sales
New Mexico Lottery officials this month are celebrating the 15th birthday of the lottery program with a special anniversary scratcher ticket and a new ad campaign.
Amid a revenue shortfall and the possibility that the lottery's scholarship money could be out of cash by 2014, the celebration is bittersweet.
This is a new era for us because we don't know how many people are going to play the lottery from now on, ...
Apr 25, 2011, 7:27 am - Lottery News forum
Ark. Lottery panel votes for changes to unclaimed prize money
The legislative Lottery Oversight Committee voted today to recommend a fix for a 2010 law change that Arkansas lottery officials say hampers their ability to maximize ticket sales.
During last year's fiscal session, the Legislature changed the state lottery law to add unclaimed prize money to net profits.
Lottery Director Ernie Passailaigue said after the session that the change meant the lottery could not use some of the unclaimed money on efforts to boost prizes and sales in response to ...
Feb 16, 2011, 10:50 pm - Lottery News forum