Lottery sales continue decline | Arkansas Blog

Thursday, February 20, 2014

Lottery sales continue decline

Posted By on Thu, Feb 20, 2014 at 7:33 AM

click to enlarge DECLINING SALES: Scratch-offs fade as lottery revenue source.
  • DECLINING SALES: Scratch-offs fade as lottery revenue source.
The state Lottery Commission yesterday heard another report on declining revenues and again lowered expectations on profits expected to put into lottery college scholarships.

This was inevitable and predicted here before the lottery was underway. The thrill is gone. We are nearing the point, too, where scholarship payouts from the lottery will be outstripped by inflationary increases in tuition and other costs, though defenders would say, yes, but it's still money.

Pressure will grow to add keno, video lottery terminals and other up-to-date ways to separate people from their money more efficiently. Those are stopgap measures. The problem is the explosion of options for gambling, not just the busy duopoly casinos at Oaklawn and Southland, but on-line games and betting options of almost limitless permutations.

The scratch-off ticket is, increasingly, the gambling drug of choice for only the very poorest of Arkansas. Even they seem to be catching on that it's a poor bet.

Tags: , , , ,


Sign up for the Daily Update email
Favorite

Comments (8)

Showing 1-8 of 8

Add a comment

 
Subscribe to this thread:
Showing 1-8 of 8

Add a comment

More by Max Brantley

  • Now, the main event

    I write Tuesday morning, before polls close on primary and judicial election contests.
    • May 24, 2018
  • Police identify remains as those of Ebby Steppach

    KARK/Fox 16 reports that Little Rock police have identified skeletal remains found Tuesday in a west Little Rock park as those of Ebby Steppach, the 17-year-old who's been missing since her car was found in that park abandoned in 2015.
    • May 23, 2018
  • UAMS presents balanced budget

    UAMS, pressed by financial problems for several years, told the University of Arkansas Board of Trustees today that it had a $1.5 billion operating budget that doesn't call for deficit spending.
    • May 23, 2018
  • More »

Readers also liked…

  • Arkansas: Land of .......

    Welcome to Arkansas: Land of cowardly politicians, discriminatory laws, inhumane turkey drops and lots and lots of Trump voters.
    • Oct 8, 2016
  • French Hill votes against disaster aid to Puerto Rico

    Republican U.S. Rep. French Hill alone among Arkansas's House delegation voted last week against a measure that provided $36.5 billion in disaster aid, a portion  for hurricane-ravaged Puerto Rico as well as money for wildfire response and to support the flood insurance program.
    • Oct 14, 2017
  • UPDATE: Hutchinson moves to cover himself on cut to War Memorial Stadium

    Gov. Asa Hutchinson apparently felt the burn from KARK's exclusive Tuesday night on his plans to cut state support of War Memorial Stadium in half beginning July 1, 2018. He has a so-far secret plan to make the stadium self-sustaining. We bet that doesn't include state support.
    • Oct 20, 2016

Most Viewed

Most Recent Comments

Slideshows

 

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