Wednesday, August 10, 2016

Lottery reports revenue increase in July

Posted By on Wed, Aug 10, 2016 at 12:16 PM

click to enlarge lotto.jpg
The Arkansas lottery reported today that lottery ticket sales were up more than $6.5 million in July compared with July 2015, thanks in part to big sales of tickets in the national Powerball and Mega Millions games.

But scratch-off ticket sales were also up 8 percent, or more than $2 million, against the same month a year ago.

The lottery reported $38.2 million in sales in July and $29.3 million expenses (the bulk in payment of winning tickets), for a $8.9 million net operating income to support college scholarships.

By way of comparison: The lottery, in its first July of operation in July 2010 reported $35 million in revenue and $26.6 million in operating costs, for a gross profit of $8.3 million. On-line games that year produced only $5 million in sales that month, a figure almost doubled in July 2016.

Tags: , , ,

Favorite

Speaking of...

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

More by Max Brantley

Readers also liked…

  • In defense of Planned Parenthood and abortion rights

    An op-ed in today's New York Time by Katha Pollitt says what I've been struggling to say about the reaction to the attack on women's reproductive rights launched by means of the undercover videos made by anti-abortion activists.
    • Aug 5, 2015
  • Lawyers plead for mercy in Fort Smith forum shopping case

    Twelve of the lawyers facing punishment by federal Judge P.K. Holmes in Fort Smith for moving a class action case against an insurance company out of his court to a state court where it was speedily settled have filed their argument against sanctions.
    • Jun 16, 2016
  • Maddie's Place makes a believer out of a skeptic

    After a long hiatus, I return to Maddie's Place in Riverdale and find the food is a lot tastier than I remembered.
    • Aug 19, 2015

Most Shared

Visit Arkansas

Forest bathing is the Next Big Thing

Forest bathing is the Next Big Thing

Arkansas is the perfect place to try out this new health trend. Read all about the what, why, where and how here.

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation