May 12, 2015 | Posted in Arkansas Lottery | By

Yesterday the Arkansas Lottery released its financial report for the month of April.

According to the summary, the Arkansas Lottery took in roughly $33.9 million in April, and paid out $5.9 million–about 17% of its gross revenue–for scholarships.

Scholarship funds were down by more than $1 million from March, when the Lottery allocated $6.9 million for college scholarships.

Since July 1, 2014, the Arkansas Lottery has sold roughly $339.7 million worth of tickets, and has allocated $58.8 million for scholarships–again, about 17% of its revenue.

At this rate, the Arkansas Lottery ought to finish Fiscal Year 2015 with $71 – $75 million in its college scholarship fund–significantly less than the $81.2 million lottery officials initially budgeted for scholarships this year.

You can see a full breakdown of lottery revenue and scholarship allocation for Fiscal Year 2015 below.

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%
April 33,866,970.54 5,881,005.95 17.4%
Total $339,730,079.87 $58,762,267.00 17.3%

 

Jerry is the founder and president of Family Council. He began Family Council in 1989 after a successful effort to amend the Arkansas Constitution to prevent the use of public funds for abortions. He and his wife reside in Little Rock. They have four sons.