Last week the Arkansas Lottery posted its revenue and expenses for the month of May.
The report shows the Arkansas Lottery took in nearly $40.5 million last month, but paid out about $8 million for scholarships–19.9% of its total income for the month.
So far this year the Arkansas Lottery has given a paltry 17% of its income to college scholarships. The average state lottery gives 30%.
Below is a breakdown of lottery income and scholarship allocation so far this fiscal year.
|Month||Gross Lottery Revenue||Paid to Scholarships||% Gross Revenue|
Photo Credit: By Roman Oleinik [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)], from Wikimedia Commons