Arkansas Lottery Continues Posting Low Scholarship Figures

February 10, 2017 | Posted in Arkansas Lottery | By

Today the Arkansas Lottery released its financial report for the month of January.

The report shows the Lottery took in over $38 million, and paid out less than $8 million to scholarships. This makes January one of the Arkansas Lottery’s better months, but scholarship funding is still low, with less than 21.5% of the Arkansas Lottery’s gross revenue actually being spent on college scholarships.

Lottery Scholarship Funds Supplemented with Tax Dollars

Right now the Arkansas Lottery is on track to pay out roughly $80 million in funding for Arkansas’ Academic Challenge Scholarship–which many refer to as the “Lottery Scholarship”–this fiscal year.

The State of Arkansas will pay another $25 million allocated by the Arkansas Legislature for Academic Challenge Scholarships.

Every year, the Arkansas Legislature’s Joint Budget Committee votes to supplement Arkansas’ Academic Challenge scholarships with state revenue. On average, nearly one-fourth of the the state’s “Lottery Scholarship” money doesn’t come from the Lottery at all. It comes from taxpayers.

There’s simply no way around it: The Arkansas Lottery continues to put up inexcusable numbers each month.

Below is a breakdown of lottery figures so far this fiscal year.

Month Gross Lottery Revenue Paid to Scholarships % Gross Revenue
July, 2016 $38,237,293.92 $8,714,386.39 22.8%
August 35,091,022.09 5,498,714.86 15.7%
September 33,113,391.64 5,773,076.42 17.4%
October 34,061,993.14 5,165,040.54 15.2%
November 37,042,079.72 6,570,979.51 17.7%
December 35,352,159.35 4,596,532.22 13.0%
January, 2017 37,062,291.39 7,947,546.21 21.4%
Total $249,960,231.25 $44,266,276.15 17.7%

Arkansas Lottery December Report: Scholarships Hit New Lows

January 11, 2017 | Posted in Arkansas Lottery | By

This week the Arkansas Lottery posted its financial report for the month of December.

According to the report, the Arkansas Lottery took in nearly $35.4 million, but paid out less than $4.6 for scholarships–about 13% of the Lottery’s total revenue for the month.

As we have written repeatedly, the Arkansas Lottery budgets a pathetic percentage of revenue for scholarships as it is, but these numbers are particularly dismal. For example, the Arkansas Lottery made more money in December than it did in August, September, or October, but it paid it out far less for scholarships than it did any of those months. In fact, according to our records, December of 2016 was one of the worst months for scholarships at the Arkansas Lottery ever.

You can read the Lottery’r report here. Below is a breakdown of the Lottery’s revenue and scholarship spending this fiscal year.

Month Gross Lottery Revenue Paid to Scholarships % Gross Revenue
July 38,237,293.92 8,714,386.39 22.8%
August 35,091,022.09 5,498,714.86 15.7%
September 33,113,391.64 5,773,076.42 17.4%
October 34,061,993.14 5,165,040.54 15.2%
November 37,042,079.72 6,570,979.51 17.7%
December 35,352,159.35 4,596,532.22 13.0%
Total $212,897,939.86 $36,318,729.94 17.1%

November Report: Lottery Gives Less Than 18 Cents on the Dollar to Scholarships

December 12, 2016 | Posted in Arkansas Lottery | By

According to a report published last week, the Arkansas Lottery budgeted less than eighteen cents of every dollar it made for scholarships in November.

The Arkansas Lottery grossed over $37 million in November, but paid less than $6.6 million in scholarships. That’s about 17.7% of the Lottery’s gross revenue.

Unfortunately this is not a new story. Month after month, year after year we have seen the Arkansas Lottery budget pathetic amounts of money for scholarships.

Below is a breakdown of the numbers so far for Fiscal Year 2017, which began last summer.

Month Gross Lottery Revenue Paid to Scholarships % Gross Revenue
July $38,237,293.92 $8,714,386.39 22.8%
August 35,091,022.09 5,498,714.86 15.7%
September 33,113,391.64 5,773,076.42 17.4%
October 34,061,993.14 5,165,040.54 15.2%
November 37,042,079.72 6,570,979.51 17.7%
Total $177,545,780.51 $31,722,197.72 17.9%