Arkansas Lottery And Vendor Cannot Agree On Contract

Nov 25, 2014

Arkansas lottery officials and a vendor cannot agree on terms for a contract extension.

Intralot Inc. had agreed to cut its share of revenue in a new three-year contract, but the company and the Arkansas Scholarship Lottery couldn't agree on a start date for the new pact.

Lottery commissioners were to have approved the deal Monday, but canceled their meeting, according to the Arkansas Democrat-Gazette newspaper of Little Rock.

Intralot thought the new rate would kick in when a current seven-year contract expires in August 2016. Arkansas lottery officials thought it would take effect immediately.

Intralot now receives 2.45 percent of ticket sales and would take 2.11 percent under the new deal. Lottery auditors say the change should save the state $1.4 million a year.