Arkansas Scholarship Lottery’s revenue dipped by $19.7 million from the same period last fiscal year to $321 million as draw-game ticket revenue dropped and scratch-off ticket revenue inched up.

During the first eight months of fiscal 2020, draw-game revenue dropped by $22.9 million from the same period in fiscal 2019 to $51.7 million and scratch-off ticket revenue increased by $3.2 million over the same period in fiscal 2019 to $268.7 million.

The lottery started selling tickets on Sept. 28, 2009, and has helped finance Arkansas Academic Challenge Scholarships for more than 30,000 students in each of the past nine fiscal years.

For fiscal 2020, Woosley has projected total revenue at $497 million and net proceeds — the amount raised for scholarships — at $89.3 million.

“We are down in revenue by almost $2.8 million versus the budget,” Woosley said. “We are up $4.7 million in instant tickets versus the budget and down $7.6 million in draw games versus the budget.

“Thus far, we are down $1.5 million versus our net proceeds budget for the year,” said a company spokesperson.