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Joined: 26 May 2020
Location: China
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Posts: 64
Posted: 27 May 2020 at 08:52 | IP Logged Quote xysoom

Impact of virus weighed as state lottery revenue dips

The Arkansas Scholarship Lottery has weathered the
coronavirus crisis for the most part so far, despite the
pandemic having a devastating impact on the nation's
lottery industry, lottery Director Bishop Woosley
said.Get more news about
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Lotteries have experienced varying degrees of sales
reductions due to covid-19, he said. States with shelter-
in-place orders or other restrictions on residents are
experiencing greater sales declines because lottery
players cannot easily get to retail locations to purchase
tickets, said Woosley, who is president of the North
American Association of State and Provincial Lotteries.
The Arkansas lottery's March revenue slipped by $4.1
million from a year ago to $47.8 million and the amount
raised for college scholarships dipped by $1.2 million to
$7.3 million, the lottery reported Friday in its monthly
report to Gov. Asa Hutchinson and the Legislative
Council's lottery oversight subcommittee.

Scratch-off revenue last month inched up by about
$866,000 over the same month a year ago to $41.6 million,
while draw-game revenue dropped by about $5 million, to
$6.1 million, the lottery reported. Draw games include
Powerball, Mega Millions, Natural State Jackpot, Cash 3,
Cash 4, Fast Play and Lucky for Life.

Woosley said that in March 2019, the Arkansas lottery was
bolstered by a $750 million Powerball jackpot and that's
why draw-game revenue was significantly larger then
compared with last month. Draw-game tickets are more
profitable to the lottery than scratch-off tickets.

"Otherwise, we had a very good month and actually beat
our instant ticket sales last March by around $800,000,"
he said in a written statement. Instant tickets also are
called scratch-off tickets.

"It is really amazing considering the turn of events of
the last 2 to 3 weeks of the month," Woosley said.

Arkansas had its first confirmed positive case of
coronavirus on March 11. Gov. Asa Hutchinson, who has
resisted requiring people to stay at home to ride out the
pandemic, has touted what he has called his "target
approach" to combating the virus.

The state lottery, which started selling tickets Sept.
28, 2009, has helped finance more than 30,000 Arkansas
Academic Challenge Scholarships in each of the past nine
fiscal years.So far in fiscal 2020, scratch-off revenue
reached $310.4 million -- an increase from $306.3 million
in the same period in fiscal 2019. Draw-game revenue
totaled $57.9 million -- a drop from $85.7 million in the
same period a year ago.

Woosley said that in this fiscal year, the largest
jackpot was $400 million, compared with a $1.5 billion
Mega Millions jackpot, Powerball jackpots of $750 million
and $700 million, and several other jackpots exceeding
$500 million in fiscal 2019.

"It is impossible to compete with those type of jackpots
when the draw-game jackpot levels are lower," he said.

During the first nine months of fiscal 2020, the lottery
has raised $57.5 million for college scholarships, down
from $68.3 million in the same period a year ago.
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