At the Arkansas Lottery: Little Has Changed Except Leadership
The Associated Press recently ran a news story about the new Lottery Director’s plans for the Arkansas Lottery.
Mr. Woosley’s plans sound pretty good at the outset: He wants to try to reduce costs, and see if he can squeeze more scholarship money out of the lottery’s bureaucracy. Not bad, right? We’ve been calling for the same thing for over two years now.
Report Finds 2/3 of States Fail to Meet Gambling Revenue Promises
An interesting article came out this week on gambling and the revenue projections touted by states–like Arkansas–who have legalized forms of gambling with the intention of helping the economy or generating government revenue.
According to the article,
“A Stateline analysis of 13 states that have legalized casinos, racetrack casinos, known as racinos, or lotteries in the past 10 years found that more than two-thirds of them failed to live up to the initial promises or projections made by political and industry champions of legalizing gambling.”