AR Lottery Gives Scholarships Less Than 20 Cents of Every Dollar in October
Last week the Arkansas Lottery released its financial reports for the month of October.
The reports show the Arkansas Lottery took in more than $57.5 million last month. However it paid less than $11.3 million for scholarships — less than 20 cents out of every dollar it made.
State lotteries prey on the poor and pull tens of millions of dollars out of the state economy.
Below is a breakdown of lottery revenue and scholarship funding 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% |
| Total | $175,530,727.66 | $30,285,118.26 | 17.3% |
