John Foster of Maumelle buys a lottery ticket Jan. 12, 2022, at the Murphy Express at the corner of Chenal Parkway and Markham Street in Little Rock.
(File Photo/Arkansas Democrat-Gazette/Staci Vandagriff)
Bolstered by more than $1 billion Powerball and Mega Millions jackpots, the Arkansas Scholarship Lottery's revenues in March increased from $54.2 million a year ago to $58.7 million.
The amount raised by the lottery for college scholarships for the month increased from $8.2 million to $12.3 million, the lottery reported this week in its monthly report to Gov. Sarah Huckabee Sanders and the Legislative Council's lottery oversight subcommittee.
The large Powerball and Mega Millions jackpots are the main reason for the increased amount raised for college scholarships, lottery Gaming Director Mike Smith said Friday. Ticket sales for draw-game ticket sales such as Powerball and Mega Millions are more profitable to the lottery than scratch-off ticket sales.
The lottery's draw-game ticket revenues surged from $9 million in March of 2023 to $14 million last month, while the lottery's scratch-off ticket revenues dipped slightly from $45.1
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