The Arkansas Lottery is continuing to set aside very little money for college scholarships, according to a report released this week.
In July the state-run Lottery took in nearly $49.8 million, but paid only $8.6 million to college scholarships — about 17 cents out of every dollar the Lottery made.
July marks the beginning of the Arkansas Lottery’s new fiscal year.
To date, the Arkansas Lottery has maintained a pattern of budgeting an extraordinary amount of money for prizes and other expenses while setting aside relatively little money for students.
Photo Credit: Powerball and Mega Millions Lottery Billboard in Missouri by Tony Webster, on Flickr.
