Today the Arkansas Lottery published financial reports for the month of March. The documents show the Arkansas Lottery took in approximately $40.6 million in March, but paid less than $5.8 million to scholarships–in other words, only about 14.2% of the Lottery’s gross revenue actually went to scholarships.
Since Fiscal Year 2016 started in July, the Arkansas Lottery has grossed more than $345 million, but only $60.1 million has gone to scholarships–about 17.4% of its total revenue.
Below is a breakdown of the Arkansas Lottery’s figures for Fiscal Year 2016.
| Month | 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% |
| December | 38,670,746.09 | 6,425,754.66 | 16.6% |
| January, 2016 | 58,746,249.00 | 13,831,359.75 | 23.5% |
| February | 40,790,144.05 | 4,474,356.06 | 11.0% |
| March | 40,579,421.05 | 5,758,892.84 | 14.2% |
| Total | $ 345,339,911.59 | $ 60,135,888.92 | 17.4% |
