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Arkansas Gaming Summary

Background

Arkansas has legal betting on the lottery, pari-mutuel wagering on throroughbred and greyound racing, and electronic games of skill at horse and greyhound racing facilities.

 

Lottery

Development: Voters approved the Arkansas Lottery in November 2008, and tickets went on sale in September 2009.

Beneficiaries: The Arkansas Lottery provides scholarships and grants to Arkansas citizens for in-state colleges and universities. Scholarships are to be available for nonprofit, public and private, two-year and four-year colleges and universities.

For more information see the Arkansas Lottery website.

Arkansas Lottery data (fiscal year)
Year
Total Revenues
Prize Liabilities
Prize %
Net Revenue
Net %
2010
384,058,455
247,723,040
64.50%
81,991,994
21.35%
2011
464,019,351
307,454,705
66.26%
93,364,508
20.12%
2012
473,639,229
315,318,828
66.57%
94,500,321
19.95%
2013
440,109,276
292,124,182
66.38%
88,046,064
20.01%

Total revenue is total ticket sales plus interest earned on the lottery fund balance and miscellaneous revenue sources . Prize liability is the total amount of prize money paid back to winners. Net Revenue is the total revenue minus vendor and retailer commissions and prize payouts and operating expenses; it is equal to "operating income." Prize and net revenue percentages are taken from the total revenues.

Arkansas Gaming Timeline

 

2005: Legislature approves "electronic games of skill" at horse racing and greyhound racing franchises

2008: Voters approve a measure allowing for a statewide lottery in Arkansas

2009: In September, the first lottery tickets are sold


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Last modified Tuesday, 27-May-2014 14:56:23 PDT