Beebe on the lottery | Arkansas Blog

Saturday, January 9, 2010

Beebe on the lottery

Posted By on Sat, Jan 9, 2010 at 6:58 AM

Here's a good bit more from Gov. Mike Beebe's radio show musings yesterday about whether money spent on the lottery has diverted money from other spending that might have produced general tax revenues. He noted, too, Tennessee's recent experience with lottery revenues falling short of expectations on funding college scholarships. He said of the lottery:

“Apparently it’s performing pretty well. … It might be performing so well that people aren’t spending money in other places they might have spent it,” Beebe said on his monthly call-in show on the Arkansas Radio Network.

... “Obviously if people are spending money at the levels that apparently it’s coming in, then if they’ve got just a limited amount of money, then … they’re not spending it on something else,” Beebe said Friday. “I don’t know if you can quantify that, or how we can, but we’re looking at trying to see if we can figure out what that number actually is.”

We'll have a bottom line on the lottery in a decade or so. Odds favor a replication of the South Carolina experience -- college students there are paying a greater portion of rising college costs than they were before the college scholarship lottery came on the scene. It's an old story. The California lottery was supposed to save education financing there. Don't look. It's a disaster area.

It's a rare state that has experienced a steady growth curve on lotteries without more expenditures on advertising, new games, more gambling. It will be interesting, too, to study demographic spending patterns versus demographics of scholarship recipients. Will there be a disproportionate transfer of lottery revenues (a tax,  essentially) from lower income groups to higher income groups? Lots of time to talk about it. Forever, really. The majority love the lottery. It's not likely to be deauthorized.

 


Favorite

Comments (16)

Showing 1-16 of 16

Add a comment

 
Subscribe to this thread:
Showing 1-16 of 16

Add a comment

More by Max Brantley

  • Kane Webb leaving Parks and Tourism for Walmart

    Kane Webb is departing as director of the state Parks and Tourism Department to take a job as director of executive communications at Walmart headquarters in Bentonville. Cynthia Dunlap will be the agency's interim director.
    • Dec 12, 2018
  • Wednesday: Headlines and the open line

    The video news roundup and the open line.
    • Dec 12, 2018
  • Michael Cohen gets three years

    Michael Cohen, Donald Trump's former lawyer, was sentenced to three years in federal prison today for a variety of crimes, including accusations related to paying hush money to Trump mistresses to keep their stories out of circulation during the 2016 election campaign. Can't wait for the Trump tweet storm.
    • Dec 12, 2018
  • More »

Readers also liked…

  • Among the last words from Kenneth Williams: 'Finger Lickin' Good Fried Chicken'

    What's purported to be a final-words essay from condemned prisoner Kenneth Williams was distributed today by Deborah Robinson, a freelance journalist in Arkansas.  He reflects on his execution, his victims, reactions of inmates and big servings of fried chicken, which he says are given to all inmates on execution days.
    • Apr 27, 2017
  • Trump tariffs hit farmers hard

    Well, the trade war has begun and the early returns for farmers are not good — sharp reductions in the prices for soybeans and corn. You may have heard that Arkansas, which overwhelmingly supported Donald Trump, has some agricultural interests, particularly in soybeans.
    • Jul 6, 2018
  • Police identify two women found fatally shot on Chicot Road

    Little Rock police have identified two women found dead of gunshot wounds in an SUV parked next to a vacant trailer in a mobile home park at 11500 Chicot Road.
    • May 16, 2017

Slideshows

  • Arkansas vs Ole Miss at War Memorial stadium in Little Rock, Saturday, Oct. 13, 2018. After leading for much of the game, Arkansas lost 37-33 when Ole Miss scored the game winning Touchdown with less that 2 minutes left. 
  • Margaret Clark Adventure Park
    New sculptures, preschoolers play area dedicated in Riverfront Park in Little Rock.

Most Recent Comments

 

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