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Arkansas Lottery Watch

Updated: Apr 15

Interest in the Arkansas lottery proposal seems to be picking up at last. A couple of things that are floating around out there today:

The Arkansas Farm Bureau came out against the state lottery proposal yesterday (along with announcing their support for the measure to ban gay and unmarried couples from serving as foster parents, and some other stuff). (KTHV-Ch. 11)

The director of the Oklahoma lottery expresses concern that an Arkansas lottery, if the Natural State dedicates a greater percentage of revenues to prize pay-outs, could detract from his state’s lotto mojo. (AP)

Columnist John Brummett argues in favor of the Arkansas lottery, and introduces this novel argument: “It’s unclear why we would deny a poor man’s right to a lottery ticket while we bail out with hundreds of billions of taxpayer dollars a large financial corporation’s failed gambling on fancy lottery tickets called derivatives.” I’m pretty sure that this means that Brummett has no more of an idea of what a derivative is than I do.

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