This afternoon the Arkansas Lottery posted its financial report for the month of February.
According to the report, the Arkansas Lottery grossed nearly $41.2 million, but gave less than $6.7 million to scholarships–about 16 cents of every dollar it made.
A new bill filed last week by Sen. Joyce Elliott (D-Little Rock) would require the Lottery to set aside at least 25% of its gross revenue for scholarships; under that bill, the Arkansas Lottery would have given nearly $10.3 million to scholarships in February.
Unfortunately, the Arkansas Lottery continues to budget a paltry amount of money for scholarships each month. Below is a breakdown of the numbers for Fiscal Year 2017.
|Month||Gross Lottery Revenue||Paid to Scholarships||% Gross Revenue|