For the second month in a row this year, the Arkansas Lottery allocated less than 19% of gross revenue for scholarships. This comes as the Arkansas Lottery transitions from the purview of the Arkansas Lottery Commission to the Department of Finance and Administration.
Below is a breakdown of lottery revenue for Fiscal Year 2015:
Month | Gross Lottery Revenue | Paid to Scholarships | % Gross Revenue |
July | $30,925,067.43 | $5,928,447.99 | 19.2% |
August | 31,571,412.10 | 5,296,965.80 | 16.8% |
September | 30,710,493.31 | 4,317,227.10 | 14.1% |
October | 32,959,739.29 | 5,939,625.59 | 18.0% |
November | 30,617,278.28 | 5,577,035.16 | 18.2% |
December | 34,507,731.54 | 5,474,318.77 | 15.9% |
January, 2015 | 35,433,619.67 | 7,287,773.28 | 20.6% |
February | 41,770,314.46 | 6,161,343.01 | 14.8% |
March | 37,367,453.25 | 6,898,524.35 | 18.5% |
Total | $305,863,109.33 | $52,881,261.05 | 17.3% |