Last week the Arkansas Lottery released its monthly report detailing revenue and expenses for October.
The Lottery reportedly took in $39.8 million, but paid less than $5.7 million to scholarships — about 14.2% of the Lottery’s revenue for the month.
Overall, the Arkansas Lottery’s income is higher than it was this time last year. Lottery revenue is up nearly $22 million compared to 2016, but scholarship funding has risen by only $2.8 million.
As we have said for years: The Arkansas Lottery’s problem is not income; it’s priorities. The Lottery needs to prioritize scholarship funding. As it stands, students get a pathetic 17 cents of every dollar the Lottery makes.
Below is a breakdown of Lottery revenue so far this fiscal year.
|Month||Gross Lottery Revenue||Paid to Scholarships||% Gross Revenue|
|July||$ 36,885,396.81||$ 6,661,762.99||18.1%|
|Total||$ 162,414,327.71||$ 27,997,144.20||17.2%|
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.