This week the Arkansas Lottery released its financial report for the month of November.
The report indicates the Arkansas Lottery made more than $36.1 million in November, but paid less than $6 million to college scholarships.
So far this fiscal year the Lottery has given the state’s Academic Challenge Scholarship fund less than 15 cents out of every dollar the Lottery has made.
Last month the Arkansas Lottery spent more than four times as much on lottery ticket prizes as it did on scholarships.
Lottery revenue this year is down by only 2.6% over this time two years ago, but scholarship funding is down by 18% from 2017 and 23.7% from last year.
Below is a breakdown of Lottery revenue and scholarship spending so far this fiscal year.
|Month||Gross Lottery Revenue||Paid to Scholarships||% Gross Revenue|