Report: Lottery Scholarship Funding Down From Last Year

April 13, 2017 | Posted in Arkansas Lottery | By

This week the Arkansas Lottery released its financial report for the month of March.

The report shows the Arkansas Lottery took in roughly $43.4 million, but paid out $6.2 million to scholarships–about 14 cents of every dollar.

Overall, despite being the Arkansas Lottery’s most lucrative month this fiscal year, the Lottery’s scholarship budget was very weak.

In fact, lottery scholarship funds are down nearly $3 million so far this fiscal year over this time last year.

Below is a breakdown of the Lottery’s income and scholarship funding since Fiscal Year 2017 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%
December 35,352,159.35 4,596,532.22 13.0%
January, 2017 37,062,291.39 7,947,546.21 21.4%
February 41,176,854.60 6,698,099.62 16.3%
March 43,405,541.56 6,204,704.75 14.3%
Total $334,542,627.41 $57,169,080.52 17.1%