Arkansas lottery dials back budget projections - KAIT-Jonesboro, AR-News, weather, sports

Arkansas lottery dials back budget projections

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LITTLE ROCK, AR (AP) - The Arkansas Lottery Commission has dialed back its budget projections for money raised for scholarships by $3 million.

The Arkansas Democrat-Gazette reports (http://bit.ly/1q2l45G ) the commission unanimously approved a revised budget Wednesday that reduces that projection to $78.2 million for the fiscal year. Lottery officials think fiscal 2015 will see the lowest amount of scholarship proceeds since the lottery started selling tickets in 2009.

The panel also lowered ticket revenue projections by $12.5 million. It estimates ticket revenues will now be around $416.8 million.

Three regional claim centers are expected to close after the commission voted Wednesday to cut them. It will make an extra $381,000 available for college scholarships.

The lottery has watched revenues fall for two straight years and is under pressure to raise more money for scholarships.
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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 This material may not be published, broadcast, rewritten or redistributed.)
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