Arkansas Lottery Giving Students Less Than 18 Cents of Every Dollar

Arkansas Lottery,

The Arkansas Lottery released its financial reports for the month of May last week.

The report shows the Lottery took in a little over $41.1 million, but paid out less than $8.4 million for scholarships — about 20% of the Lottery’s gross revenue for the month.

So far this fiscal year, the Arkansas Lottery has given student less than 18 cents out of every dollar it has made.

Nationwide, the typical state lottery pays out about 30% of its revenue to education.

Below is a breakdown of the Arkansas Lottery’s income and scholarship funds so far this fiscal year.

Month Gross Lottery Revenue Paid to Scholarships % Gross Revenue
July $42,413,352.70 $5,066,628.73 11.9%
August 40,343,279.62 6,175,998.40 15.3%
September 35,198,809.72 7,783,450.82 22.1%
October 57,575,285.62 11,259,040.31 19.6%
November 37,700,016.00 6,821,411.01 18.1%
December 45,859,642.73 6,650,791.54 14.5%
January,2019 40,574,813.28 7,848,495.62 19.3%
February 41,060,111.75 8,198,257.31 20.0%
March 51,988,380.67 8,552,307.04 16.5%
April 43,951,257.94 8,176,383.34 18.6%
May 41,158,346.08 8,396,193.42 20.4%
Total $477,823,296.11 $84,928,957.54 17.8%

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Arkansas Lottery Still a Failure: March Report

Arkansas Lottery,

Earlier this month the Arkansas Lottery released its financial report for March.

The report shows the Arkansas Lottery took in nearly $52 million, but paid out only a little over $8.5 million for college scholarships — about 16.5% of all the money it made.

For perspective, the typical state lottery gives education programs about 30% of the money it makes. Louisiana’s lottery spends 35%.

During the recent legislative session, lawmakers rejected two proposals that would have incrementally increased the percentage of lottery revenue students receive to 25% by the year 2025.

Below is a breakdown of lottery revenue and scholarship spending so far this fiscal year.

Month Gross Lottery Revenue Paid to Scholarships % Gross Revenue
July $42,413,352.70 $5,066,628.73 11.9%
August 40,343,279.62 6,175,998.40 15.3%
September 35,198,809.72 7,783,450.82 22.1%
October 57,575,285.62 11,259,040.31 19.6%
November 37,700,016.00 6,821,411.01 18.1%
December 45,859,642.73 6,650,791.54 14.5%
January, 2019 40,574,813.28 7,848,495.62 19.3%
February 41,060,111.75 8,198,257.31 20.0%
March 51,988,380.67 8,552,307.04 16.5%
Total $392,713,692.09 $68,356,380.78 17.4%

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