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% |
