Earlier this month the Arkansas Lottery released its financial report for March.
The report shows the Arkansas Lottery took in nearly $52 million, but paid out only a little over $8.5 million for college scholarships — about 16.5% of all the money it made.
For perspective, the typical state lottery gives education programs about 30% of the money it makes. Louisiana’s lottery spends 35%.
During the recent legislative session, lawmakers rejected two proposals that would have incrementally increased the percentage of lottery revenue students receive to 25% by the year 2025.
Below is a breakdown of lottery revenue and scholarship spending so far this fiscal year.
|Month||Gross Lottery Revenue||Paid to Scholarships||% Gross Revenue|