Today the Arkansas Lottery posted its financial report for the month of April.
According to the report, the Arkansas Lottery took in $38.7 million last month, but paid only $7.8 million to scholarships–roughly 20 cents of every dollar it made.
These figures are well below the national average. The typical state lottery pays at least 30% of its gross revenue for its intended purpose. The Arkansas Lottery gave only 20% of its gross revenue to scholarships last month.
Overall this fiscal year, the Arkansas Lottery has spent about 17.4% of its revenue on scholarships. By contrast, the Lottery has spent 68% of its revenue on prizes.
Below is a month-by-month breakdown of the Lottery’s figures.
|Month||Gross Lottery Revenue||Paid to Scholarships||% Gross Revenue|