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Lottery Proceeds For Scholarships Down $3.8 Million

Arkansas Lottery director Bishop Woosley says he will likely revise downward the amount of money the lottery will take in for college scholarships.
LITTLE ROCK, AR - Arkansas Lottery director Bishop Woosley says he will likely revise downward the amount of money the lottery will take in for college scholarships.

Woosley said Wednesday the lottery will likely not meet it's goal of approximately $90 million transferred to the Arkansas Department of Higher Education when the 2014 fiscal year ends on June 30.

"I never want to panic because we've been in a position before were net proceeds were down and we ended up exceeding what we thought we were going to do," Woosley says.

Woosley also told the Arkansas Lottery Commission on Wednesday that the lottery lost money on a game for the first time ever.

The million dollar raffle game drawn earlier this month ended up costing the lottery $284,000.

Woosley says many states end up breaking even or losing on raffle games.

"I don't take anything off the table," Woosley says. "It's one of those things after each game, whether its a success or a failure, we go back and determine what we did right and wrong. We'll do that with this one just like we do other ones."

Scratch off tickets sales were down by more than 20% in December.  However, online ticket sales, for games like Powerball were up more than 32%, in large part to the jackpot run in MegaMillions during December.

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