At midnight Saturday, the Arkansas Scholarship Lottery
ended its 2012 Fiscal Year more than $10 Million ahead of its previous annual
sales. The Arkansas Lottery Commission
Monday announced yearly sales of almost $475 Million—unaudited results were
$474,076,726. With a week to go before
the ALC staff completes the June scholarship accounting process, Lottery
officials are taking the good sales news as a positive sign that scholarship
dollars will flow.
“The people of Arkansas voted in favor of starting a
lottery because they wanted our citizens to have a better chance of going to
college and getting a degree,” ALC Chairman Ben Pickard said. “Ten million dollars more in sales was not
easy to achieve. I commend the great
work of the lottery staff for getting through a difficult year and keeping their
eye on the ball to get this done. All of
us know our only mission is to maximize scholarship dollars.”
Lottery Director Bishop Woosley said he was optimistic
that scholarship funding this year will outstrip those of previous years. “We’ve done a little better in the sale of
our more profitable draw tickets. Three
years of experience has taught us how to best focus advertising dollars and the
preferences of Arkansas players. With
the 64,708 scholarships produced thus far, it appears the people of Arkansas are
getting more familiar with their lottery and see that it is doing a lot of
good,” Woosley said. “I don’t want to
get ahead of our financial people, but I think we’re going to see a healthy
total for this year’s scholarship fund.”
The Lottery in Arkansas sold its first ticket September
29, 2009, meaning its first Fiscal Year (2010) accounted for nine months of
sales. The total that year was $373
Million with scholarship funding of $82.8 Million. Fiscal Year 2011 saw sales of
$464,019,351, producing scholarship funding of $94.2 Million.
FY2010
Total -
$373,127,552
Instants - $324,641,494
(87%)
Terminal-generated -
$48,486,058 (13%)
Scholarship Fund: $82,799,809
FY2011
Total -
$464,019,351
Instants - $390,114,991
(84.1%)
Terminal-generated -
$73,904,360 (15.9%)
Scholarship Fund: $94,229,349
FY2012
(unaudited)
Total -
$474,076,725.50
Instants - $392,345,002
(82.8%)
Terminal-generated -
$81,731,723.50 (17.2%)
Scholarship Fund First 11 Months: $88,403,303
Posts
No comments:
Post a Comment