Posts Tagged ‘Arkansas Scholarship Lottery’
Oklahoma lottery lags in profits
Oklahoma’s lottery ranks eighth in the nation in the percentage of proceeds going to government use, but in terms of actual dollars going to the government it ranks 33rd among the nation’s 42 state lotteries, the Tulsa World reports.
Oklahoma lottery officials blame the disparity on a legal requirement that 35 percent of net sales go to the Oklahoma Education Lottery Fund, which they say limits what the lottery can offer in prizes.
Arkansas’ lottery has no legal minimum that must be spent on college scholarships, but officials say they expect the Arkansas Academic Challenge Scholarship Program to receive about 25 percent of sales.
Ceremonial lottery ticket sale planned
Lottery officials say a ceremonial sale of the state’s first lottery ticket is planned for 12:01 a.m. Monday, the time when retailers across the state are allowed to begin selling scratch-off tickets.
The ceremony will be at the Murphy USA gas station at the intersection of Chenal Parkway and Arkansas 10 in west Little Rock. Guests and other observers will gather at 11:30 p.m.
Powerball tickets are scheduled to go on sale Oct. 31.
