According to a report published last week, the Arkansas Lottery budgeted less than eighteen cents of every dollar it made for scholarships in November.
The Arkansas Lottery grossed over $37 million in November, but paid less than $6.6 million in scholarships. That’s about 17.7% of the Lottery’s gross revenue.
Unfortunately this is not a new story. Month after month, year after year we have seen the Arkansas Lottery budget pathetic amounts of money for scholarships.
Below is a breakdown of the numbers so far for Fiscal Year 2017, which began last summer.
|Month||Gross Lottery Revenue||Paid to Scholarships||% Gross Revenue|