Million-dollar day | Arkansas Blog

Tuesday, September 29, 2009

Million-dollar day

Posted By on Tue, Sep 29, 2009 at 11:28 AM

The Arkansas lottery sold $1.2 million dollars worth of tickets the first day and paid out about $700,000 in winnings. The payoff, below 60 percent, isn't so hot for gamblers, but good for scholarship funds. At the first-day rate, that would produce more than $180 million a year, but it's premature to make such a projection. (Also, I think overhead expenses take about $200,000 out of the $500,000 -- $60,000 in sales commissions alone -- so make it about $108 million.)

Says Lt. Gov. Bill Halter, father of the Arkansas Lottery:

“Arkansas made history yesterday by generating an estimated $300,000 in scholarship funding in 24 hours … a terrific start.  Congratulations to the Arkansas Lottery Commission and the Scholarship Lottery staff for executing a smooth lottery startup in record time.”

UPDATE: There were 140 $1,000 winners and a single $20,000 winner on the first day.

From the ArkTimes store


Comments (20)

Showing 1-20 of 20

Add a comment

Subscribe to this thread:
Showing 1-20 of 20

Add a comment

More by Max Brantley

Readers also liked…

  • The long and winding road: No exception yet for 30 Crossing

    The Arkansas highway department's representative on the Metroplan board of directors told the board today that the department is requesting an exception to the planning agency's cap on six lanes for its 30 Crossing project to widen Interstate 30 from six to 10 (and more) lanes.
    • Jun 29, 2016
  • The LR chamber does the public's business. Is it accountable? Blue Hog on the case.

    Matt Campbell, lawyer and Blue Hog Report blogger, has sent a Freedom of Information Act request to Jay Chessir, director of the Little Rock Regional Chamber of Commerce, and Mayor Mark Stodola related to the publicity stunt yesterday  built around withdrawing from the mayor's rash pronouncement that the city would seek an Amazon HQ2 project even though the city  didn't meet the company's criteria.
    • Oct 20, 2017
  • Deputy killed, police chief wounded in Sebastian County. Suspect in custody

    40/29 TV reports that two law officers were shot about 7 a.m. today near Hackett in Sebastian County and at mid-afternoon came word that one of them had died. Later in the day a suspect was taken into custody in the shooting.
    • Aug 10, 2016

Most Shared

  • In the margins

    A rediscovered violin concerto brings an oft-forgotten composer into the limelight.
  • Donald Trump is historically unpopular — and not necessarily where you think

    My colleagues John Ray and Jesse Bacon and I estimate, in the first analysis of its kind for the 2018 election season, that the president's waning popularity isn't limited to coastal cities and states. The erosion of his electoral coalition has spread to The Natural State, extending far beyond the college towns and urban centers that voted for Hillary Clinton in 2016. From El Dorado to Sherwood, Fayetteville to Hot Springs, the president's approval rating is waning.
  • Arkansans join House vote to gut Americans with Disabilities Act

    Despite fierce protests from disabled people, the U.S. House voted today, mostly on party lines, to make it harder to sue businesses for violating the Americans with Disabilities Act. Of course Arkansas congressmen were on the wrong side.

Most Recent Comments


© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation