Arkansas Lottery revenue continues slump - KAIT-Jonesboro, AR-News, weather, sports

Arkansas Lottery revenue continues slump

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LITTLE ROCK, AR (AP) - According to new revenue projections, the amount of money to be paid out in Arkansas Lottery scholarships is expected to drop by more than $6 million this year.

The Arkansas Lottery Commission amended its revenue projections Wednesday from $89.5 million to less than $82.8 million. That amounts to a reduction of nearly $6.8 million in the amount paid out in college scholarships to Arkansas students.

Lottery Director Bishop Woosley warned that the state's lottery could soon become a "dinosaur" if changes aren't made.

The Arkansas Democrat-Gazette reports (http://bit.ly/1bOBJ9p ) that the biggest decline in projected revenue comes from scratch-off tickets, which came in about 20 percent below budget last month.

The Arkansas Department of Higher Education says it's still reviewing the revised revenue projections to determine the effect on college students.
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Information from: Arkansas Democrat-Gazette, http://www.arkansasonline.com

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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