Earlier this month the Arkansas Lottery released its financial report for November 2015, revealing that for the fifth month in a row the Arkansas Lottery paid roughly 17%-18% of its gross revenue to college scholarships.
According to the report, the Arkansas Lottery took in $32.2 million in November, but only paid out $5.7 million to college scholarships; that’s about 17.8% of lottery revenue for the month. Below is a breakdown of the numbers for Fiscal Year 2016.
| Month (FY16) | Gross Lottery Revenue | Paid to Scholarships | % Gross Revenue |
| July | $31,665,651.14 | $5,784,683.09 | 18.3% |
| August | 31,265,177.55 | 5,490,094.00 | 17.6% |
| September | 36,134,389.63 | 6,624,967.11 | 18.3% |
| October | 35,261,533.80 | 6,020,642.32 | 17.1% |
| November | 32,226,599.28 | 5,725,139.09 | 17.8% |
| Total | $166,553,351.40 | $29,645,525.61 | 17.8% |
In fact out of the past 17 months, there have been only 8 times the Arkansas Lottery allocated more than 18% of its revenue for scholarship funding.
Below is a breakdown of lottery revenue and scholarship allocation for the past 17 months.
| Month | Gross Lottery Revenue | Paid to Scholarships | % Gross Revenue |
| July, 2014 | $30,925,067.43 | $5,928,447.99 | 19% |
| August | 31,571,412.10 | 5,296,965.80 | 17% |
| September | 30,710,493.31 | 4,317,227.10 | 14% |
| October | 32,959,739.29 | 5,939,625.59 | 18% |
| November | 30,617,278.28 | 5,577,035.16 | 18% |
| December | 34,507,731.54 | 5,474,318.77 | 16% |
| January, 2015 | 35,433,619.67 | 7,287,773.28 | 21% |
| February | 41,770,314.46 | 6,161,343.01 | 15% |
| March | 37,367,453.25 | 6,898,524.35 | 18% |
| April | 33,866,970.54 | 5,881,005.95 | 17% |
| May | 35,689,036.10 | 5,409,050.48 | 15% |
| June | 33,815,559.59 | 8,278,928.14 | 24% |
| July | $31,665,651.14 | $5,784,683.09 | 18.3% |
| August | 31,265,177.55 | 5,490,094.00 | 17.6% |
| September | 36,134,389.63 | 6,624,967.11 | 18.3% |
| October | 35,261,533.80 | 6,020,642.32 | 17.1% |
| November | 32,226,599.28 | 5,725,139.09 | 17.8% |
| Total | $575,788,026.96 | $102,095,771.23 | 17.7% |
