The drop in gas prices and closure of Arkansas’ three casinos amid the coronavirus pandemic has fueled the Arkansas Scholarship Lottery fund, as the lottery set a record for total revenue in the month of April. At the end of each fiscal year, under state law, the lottery is required to transfer the balance of the unclaimed prize reserve fund, minus $1 million, to college scholarships.
The amount raised in April for college scholarships totaled $8.3 million, up from $8.1 million last year. Lottery Director Bishop Woosley said lower gas prices and the closing of casinos likely had a positive impact on lottery sales since other forms of entertainment are currently closed.
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