The Arkansas Lottery gave 18.6 cents of every dollar it made in September to college scholarships, according to a report released today.
Since July, the Lottery has made $122.6 million, but has paid out $22.3 million to scholarships — a little over 18% of its total revenue.
Since 2014, the Arkansas Lottery has spent roughly 18% – 19% of its revenue on scholarships. For perspective, the average state lottery allocates 30%.
Below is a breakdown of lottery revenue so far this year.
Month | Gross Lottery Revenue | Paid to Scholarships | % Gross Revenue |
July | $36,885,396.81 | $6,661,762.99 | 18.1% |
August | 49,320,459.23 | 8,912,741.54 | 18.1% |
September | 36,405,731.14 | 6,755,333.93 | 18.6% |
Total | $122,611,587.18 | $22,329,838.46 | 18.2% |