The Arkansas Lottery recently released its financial report for the month of January.
The report shows the Arkansas Lottery took in nearly $63 million, but paid only $10.9 million to scholarships — approximately 17.3 cents out of every dollar the lottery made.
The report also indicates the Arkansas Lottery spent 66.3% of its revenue on prizes for lottery players.
For perspective, the typical state-run lottery spends about 30% of its revenue on education and about 60% on prizes.
Below is a breakdown of lottery revenue and scholarship spending so far this fiscal year.
|Month||Gross Lottery Revenue||Paid to Scholarships||% Gross Revenue|