OKLAHOMA CITY (AP) — The Oklahoma Lottery is expected to generate $2.5 million less in education revenue next year due to the slumping economy and a new lottery in neighboring Arkansas.
The lottery's board adopted a $180.9 million budget yesterday for the fiscal year that begins July 1. It includes a projected $66.7 million in revenue for public education in the state and about $101.7 in prize payouts.
Lottery Commission Executive Director James Scroggins says that this year, the lottery will meet its projected $69.2 million contribution to public education in spite of the faltering economy.
Scroggins says revenue is expected to decline next year due to the economy and the new Arkansas Lottery, which is expected to begin near the end of the year.
Oklahoma News
June 10, 2009
Lottery education dollars slipping
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