Under HJR1005, Lottery Could Take in Less, Pay Out More

A couple of weeks ago we wrote a blog post about how much money the typical lottery player is spending on lottery tickets in Arkansas. We’ve also written extensively about Rep. Clemmer’s amendment requiring the Arkansas Lottery to allocate at least 35% of its revenue for scholarships—currently the Lottery only pays out about 21.5%.  We also told you about Louisiana’s lottery, which brought in about $100 million less in 2010 than Arkansas’ lottery did during its first 12 months, but still paid out almost $30 million more for education than Arkansas did for scholarships.  Here are a few follow-up stats on what Arkansas can expect if it follows in Louisiana’s footsteps by enacting Rep. Clemmer’s amendment.

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Arkansas’ Lottery Failing While Louisiana’s Succeeding

FOR IMMEDIATE RELEASE Wednesday, March 2, 2011

Family Council President Jerry Cox issued a statement Wednesday in response to the Lottery Oversight Committee’s decision to cut lottery scholarships by 10 percent.

“This is why we’ve always believed the Arkansas Lottery was a poor way to fund scholarships,” Cox said, “because they claim their purpose is to fund education, but the reality is they end up blowing hundreds of million of dollars on advertising and high-paid executives, and the students wanting to go to college take the backseat.

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