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Arkansas lottery profits up $3.4M for fiscal 2012

4:03 PM, Jul 11, 2012   |    comments
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LITTLE ROCK, Ark. (AP) - The Arkansas lottery finished the 2012 fiscal year with a profit of $97.6 million, a boost of $3.4 million from a year earlier.

But the improvement announced Wednesday included a $2 million payment from an instant ticket vendor that followed the renegotiation of its contract with the state Lottery Commission.

Even after the $2 million, profits were up by $1.4 million for the fiscal year that ended June 30.

The year was difficult for the lottery, first facing a highly critical state audit and then the resignation of its director. New Director Bishop Woosley took over in February and led the agency for only the last 4½ months of the fiscal year.

Woosley says he's trying to further boost sales by promoting draw games, such as Powerball and Mega Millions.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)