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...

  • Legislative committee refuses to OK lottery ad contract UPDATE

    January 18, 2017
    A review subcommittee of the Joint Budget Committee this morning failed to "review," or approve, the $34.5 million contract with CJRW to take over the Arkansas Lottery's marketing, which had been held by Mangan Holcomb. But that isn't the end of it. /more/
  • Challenges of lottery ad contract rejected

    January 5, 2017
    The latest on the contest of award of the contract to handle advertising for the Arkansas Lottery is a letter from the state procurement director,, Edward Armstrong, rejecting challenges to the proposed award of the business to CJRW. /more/
  • Protest filed over lottery's ad firm choice

    December 15, 2016
    Kyle Massey at Arkansas Business has a good rundown on a developing controversy in the advertising world — the Arkansas Lottery Commission's award of its advertising work to CJRW. /more/
  • Winners, losers

    December 15, 2016
    The Arkansas Lottery limps along with generally static revenue. It is under-producing money for college scholarships and the awards continue to lose ground against college tuition increases required by declining state general revenue support. /more/
  • Lottery ticket worth $1 million

    October 24, 2016
    William Tinzie of Forrest City claimed a $1 million prize with a $20 Golden Ticket purchased at Jordan's Kwik Stop in Wynne. /more/
  • Pine Bluff lottery ticket worth $1 million

    August 9, 2016
    Stacy Tackett of Pine Bluff won $1 million in a drawing from losing lottery tickets, the Play It Again contest, the state lottery announced. Her loser, which turned into a winner, was purchased at a Valero outlet in Pine Bluff. According to the lottery, she'll buy a  truck, set up trusts for her children and save the rest. /more/
  • Arkansas lottery up over previous year, still down from startup

    July 11, 2016
    Arkansas lottery sales in the year ending June 30 were up sharply over the previous year, if well below projections for scholarship proceeds when the lottery was established as well as earliest results /more/
  • Lottery revenue continues to improve against last year

    June 10, 2016
    The Arkansas Lottery reports that it netted $6.6 million in May for scholarships, about $200,000 above budget. That put revenue for the first 11 months of the budget year at $74.1 million, about $5 million above budget and $10 million above last year. /more/
  • Ray Thornton dies at 87

    April 13, 2016
    Arkansas Business reports the death this morning of Ray Thornton, 87, a former congressman, Arkansas Supreme Court justice and president of the University of Arkansas and Arkansas State University. /more/
  • Powerball pot tops $1.3 billion

    January 10, 2016
    No one won last night's grand prize in the Powerball lottery drawing and the pot for Wednesday's drawing on new ticket purchases now stands at $1.3 billion, or a lump sum payment for a single winner of $806 million. /more/
  • More »

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

  • The assault on Obamacare begins

    Donald Trump Friday night signed an executive order directing government to scale back Obamacare to the extent possible. Though the signing was mostly symbolic, it likely has implications for Arkansas.
    • Jan 21, 2017
  • Two dead in North Little Rock shooting

    two people were fatally wounded about 9 p.m. Friday in a home in the 1400 block of Division Street, North Little Rock.
    • Jan 21, 2017
  • 2nd Amendment meets the 1st in Fayetteville on campus carry

    They've had a forum in Fayetteville today on Rep. Charlie Collins' fervent desire to force more pistol-packing people onto the campus at the University of Arkansas (and every other college in Arkansas.) He got an earful from opponents.
    • Jan 20, 2017
  • More »

Readers also liked…

Most Shared

  • Sarah Huckabee Sanders to be deputy White House press secretary

    Donald Trump announced additional White House staff today, notably including Sarah Huckabee Sanders, deputy assistant to the president and principal deputy press secretary.
  • Legislation filed for $10 million school voucher program

    The legislation to vastly expand transfer of state tax dollars to private schools came before the school choice day event I mentioned earlier.
  • Pork and more

    Some notes on disparate topics before I take a vacation break.
  • Trumpeting

    When President-elect Trump announced he would, in a few days, force Congress to enact comprehensive health insurance for everyone, poor or rich, that would provide better and cheaper care than they've ever gotten, you had to wonder whether this guy is a miracle worker or a fool.
  • Putin and Trump

    Here's a thought exercise: What do you suppose would happen if Russian strongman Vladimir Putin decided to clarify remarks he reportedly made about Donald Trump during the election campaign?

Visit Arkansas

1.73-carat diamond found at Crater of Diamonds State Park

1.73-carat diamond found at Crater of Diamonds State Park

Jack Pearadin and Doug Nelsen found a 1.73-carat diamond after nearly a year of searching the park's field.

Most Viewed

Most Recent Comments

Blogroll

 

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