This week the Arkansas Lottery released its financial report for the month of March.
The report shows the Arkansas Lottery took in roughly $43.4 million, but paid out $6.2 million to scholarships–about 14 cents of every dollar.
Overall, despite being the Arkansas Lottery’s most lucrative month this fiscal year, the Lottery’s scholarship budget was very weak.
In fact, lottery scholarship funds are down nearly $3 million so far this fiscal year over this time last year.
Below is a breakdown of the Lottery’s income and scholarship funding since Fiscal Year 2017 began last summer:
|Month||Gross Lottery Revenue||Paid to Scholarships||% Gross Revenue|