Financial reports filed with the Arkansas Governor’s Office show the state-run lottery has spent nearly 70% of its revenue on prizes in Fiscal Year 2022.
Recent reports show the Arkansas Lottery has taken in approximately $434.6 million. Of that money, some $301.3 million went to prizes.
For perspective, the typical state-run lottery budgets approximately 60% of its revenue for prizes.
The Arkansas Lottery could pay millions of dollars more to scholarships every year if it simply would reduce its prize budget and raise its scholarship budget.
Unfortunately, the Lottery has shown little interest in doing that.
You can find recent financial reports from the Arkansas Lottery here.
Photo Credit: Powerball and Mega Millions Lottery Billboard in Missouri by Tony Webster, on Flickr.
