The Arkansas Scholarship Lottery (ASL) has posted record sales for the fiscal year 2019 ended June 30. The Lottery made sales over $516.23 million, approximately 416 million more than the previous fiscal.
ASL Director Bishop Woosley said, “We broke the previous proceeds record of $97,582,528 set in 2012, which means more scholarship money for deserving Arkansas students this year.”
“Under the leadership of Gov. (Asa) Hutchinson and the Department of Finance and Administration (DFA) and along with our staff, we have worked hard to continue to operate as lean as possible, maximizing every opportunity to enhance proceeds responsibly, which is our mission.”
“We have provided more than $803 million for the Academic Challenge Scholarship program, which equates to more than 542,000 scholarships in our almost 10 years of existence,” he added.
“And that number will increase next month when the Arkansas Department of Higher Education awards scholarships to Arkansas students for the 2019-2020 school year.”
Recently Arkansas also launched sports betting. On Monday that the first legal sports bet was placed at Oaklawn Racing Casino Resort in Hot Springs, Arkansas.
Arkansas has been amongst the early adopters of legalized sports betting after the US supreme court legalized sports gambling last year.