Lottery budget for scholarships to be $116 million for 2011
Posted: March 17, 2010 at 11:16 a.m.
LITTLE ROCK — The Arkansas Lottery Commission has approved its budget plan for the coming year and says it expects to have $116 million to devote to college scholarships.
The panel said at a meeting Wednesday it expects 2011 sales to total $479 million, with $302 million going out as prizes.
In five months of operation, the lottery has taken in $227 million, and it is projected to gross $241 million in its remaining seven months of its fiscal year.
The commission on Wednesday approved the summer launch of a new raffle game. Also, panel chairman Ray Thornton says he won’t seek another term as chair.
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