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%

October Second-Lowest Month for Lottery Scholarships This Year

November 11, 2016 | Posted in Arkansas Lottery | By

According a report released by the Arkansas Lottery yesterday, October was the lowest month for lottery scholarship funding since February, even though the Arkansas Lottery made more money in October than it did in September.

The Arkansas Lottery took in more than $34 million in October, but paid out less than $5.2 million in scholarships. That’s the Lottery’s lowest scholarship allocation since February of this year.

For perspective, the Arkansas Lottery managed to pay nearly $5.8 million in scholarships in September, despite taking in $33.1 million. In other words, in September the Arkansas Lottery made less money, but paid out more in scholarships than it did in October.

So what is going on at the Arkansas Lottery? It’s hard to say, but one point we continue to come back to over and over again is the Lottery’s apparent inability to prioritize scholarship funding over its vendor contracts, marketing, salaries, and other expenses. Scholarships simply seem to be the last line-item in the Arkansas “Scholarship” Lottery’s budget.

You can read the October report here. Below is a breakdown of lottery ticket sales and scholarship funds this year:

Month Gross Lottery Revenue Paid to Scholarships % Gross Revenue
January $58,746,249.00 $13,831,359.75 23.5%
February 40,790,144.05 4,474,356.06 11.0%
March 40,579,421.05 5,758,892.84 14.2%
April 37,516,802.47 7,392,837.00 19.7%
May 38,485,146.05 6,606,164.94 17.2%
June 34,983,951.24 11,249,220.37 32.2%
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%
Total $391,605,414.65 $69,299,008.63 17.7%