LITTLE ROCK, Ark. (AP) - The Arkansas Higher Education Department says more than 12,000 lottery-funded college scholarships were awarded for the fall semester.
Interim director Shane Broadway said Wednesday at an Arkansas Lottery Commission meeting that a $10 million shortfall in projected lottery profits won't affect awards this year - but may affect future awards.
Commission members complained costs are too high and are costing students scholarships.
Lottery director Ernie Passailaigue said cutting prize amounts would lead to fewer tickets sold - thus reducing the amount available for scholarships even further. He says boosting prizes for numbers games such as Powerball and similar games will help increase profits.
But that's a tall order. Arkansas has the highest per-person sales in the country of instant tickets, which have a lower profit margin than numbers games.
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