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 |
| 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% |
| October | 39,802,740.53 | 5,667,305.74 | 14.2% |
| November | 36,186,107.78 | 6,691,228.00 | 18.5% |
| December | 44,716,219.32 | 6,583,355.77 | 14.7% |
| January, 2018 | 44,063,056.11 | 8,230,861.00 | 18.7% |
| February | 39,389,927.57 | 5,947,647.50 | 15.1% |
| March | 53,523,320.61 | 7,945,570.02 | 14.8% |
| April | 42,064,194.78 | 7,192,997.10 | 17.1% |
| May | 40,447,182.69 | 8,037,624.80 | 19.9% |
| Total | $462,804,336.57 | $78,626,428.39 | 17.0% |
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
Related posts:
AR Lottery Gives Scholarships Less Than 23 Cents on the Dollar in July
November Report: Lottery Gives Less Than 18 Cents on the Dollar to Scholarships
AR Lottery Gave Less Than 19 Cents of Every Dollar to Scholarships in November
AR Lottery Gives Scholarships Less Than 20 Cents of Every Dollar in October