Recently the Arkansas Lottery released its monthly financial report for January.
The report shows the Arkansas Lottery took in over $44 million in January alone, but gave Arkansas’ college scholarship fund a paltry $8.2 million — less than 19 cents out of every dollar the Arkansas Lottery made.
Unfortunately this is nothing new.
For years the Arkansas Lottery has consistently made tens of millions of dollars each month, but has budgeted small amounts of money for the college scholarships it is supposed to fund; in December the Arkansas Lottery allocated less than 15% of its gross revenue for scholarships.
You can see a breakdown of the Arkansas Lottery’s financial figures so far this fiscal year below.
|Month||Gross Lottery Revenue||Paid to Scholarships||% Gross Revenue|