August 10, 2016 | Posted in Arkansas Lottery | By

According to financial reports published by the Arkansas Lottery this morning, the Arkansas Lottery gave 22.8% of its revenue to college scholarships last month.

The report shows the Arkansas Lottery took in $38,237,293.92, and paid $8,714,386.39 to scholarships.

Sadly, the fact the Arkansas Lottery set aside nearly 23% of its revenue last month for scholarships makes July, 2016, one of the Lottery’s better months as far as scholarships go.

The report shows nearly 64% of the Arkansas Lottery’s revenue last month (about $24.3 million) went to prizes.

In Fiscal Year 2016, which ended last June, the Arkansas Lottery spent roughly 18.7% of its revenue on scholarships; about 68% of its revenue went to prizes.

Below is a breakdown of the Arkansas Lottery’s finances since July, 2015.

Month Gross Lottery Revenue Paid to Scholarships % Gross Revenue
July, 2015 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%
April 37,516,802.47 7,392,837.00 19.7%
May 38,485,146.05 6,606,164.94 17.2%
June 34,983,951.24 11,249,220.37 32.2%
July, 2016 38,237,293.92 8,714,386.39 22.8%
Total $494,563,105.27 $94,098,497.62 19.0%

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.