Last week the Arkansas Lottery released its financial statements for the month of July.
The report shows the Lottery took in over $41.2 million last month, but gave only $4.5 million to college scholarships — 11% of the Lottery’s total revenue for the month.
The Lottery’s scholarship budget for a single month hasn’t been this bad since February of 2016, when the Arkansas Lottery paid less than $4.5 million to scholarships.
As far as we can tell, July was the Arkansas Lottery’s third-worst month in the past five years when it came to scholarship funding.
The Arkansas Lottery made, on average, over $1.3 million every day last month. There’s simply no good reason the Lottery can’t give students more than 11 cents out of every dollar.
Below is a breakdown of Arkansas Lottery revenue and scholarship funding from the past five years.
Month
|
Gross Lottery Revenue
|
Paid to Scholarships
|
% Gross Revenue
|
July, 2014
|
30,925,067.43
|
5,928,447.99
|
19.2%
|
August
|
31,571,412.10
|
5,296,965.80
|
16.8%
|
September
|
30,710,493.31
|
4,317,227.10
|
14.1%
|
October
|
32,959,739.29
|
5,939,625.59
|
18.0%
|
November
|
30,617,278.28
|
5,577,035.16
|
18.2%
|
December
|
34,507,731.54
|
5,474,318.77
|
15.9%
|
January, 2015
|
35,433,619.67
|
7,287,773.28
|
20.6%
|
February
|
41,770,314.46
|
6,161,343.01
|
14.8%
|
March
|
37,367,453.25
|
6,898,524.35
|
18.5%
|
April
|
33,866,970.54
|
5,881,005.95
|
17.4%
|
May
|
35,689,036.10
|
5,409,050.48
|
15.2%
|
June
|
33,815,559.59
|
8,278,928.14
|
24.5%
|
July
|
31,665,651.14
|
5,784,683.09
|
18.3%
|
August
|
31,265,177.55
|
5,490,094.00
|
17.6%
|
September
|
36,134,389.63
|
6,624,967.11
|
18.3%
|
October
|
35,261,533.80
|
6,020,642.32
|
17.1%
|
November
|
32,226,599.28
|
5,725,139.09
|
17.8%
|
December
|
38,670,746.09
|
6,425,754.66
|
16.6%
|
January,
2016
|
58,746,249.00
|
13,831,359.75
|
23.5%
|
February
|
40,790,144.05
|
4,474,356.06
|
11.0%
|
March
|
40,579,421.05
|
5,758,892.84
|
14.2%
|
April
|
37,516,802.47
|
7,392,837.00
|
19.7%
|
May
|
38,485,146.05
|
6,606,164.94
|
17.2%
|
June
|
34,983,951.24
|
11,249,220.37
|
32.2%
|
July
|
38,237,293.92
|
8,714,386.39
|
22.8%
|
August
|
35,091,022.09
|
5,498,714.86
|
15.7%
|
September
|
33,113,391.64
|
5,773,076.42
|
17.4%
|
October
|
34,061,993.14
|
5,165,040.54
|
15.2%
|
November
|
37,042,079.72
|
6,570,979.51
|
17.7%
|
December
|
35,352,159.35
|
4,596,532.22
|
13.0%
|
January,
2017
|
37,062,291.39
|
7,947,546.21
|
21.4%
|
February
|
41,176,854.60
|
6,698,099.62
|
16.3%
|
March
|
43,405,541.56
|
6,204,704.75
|
14.3%
|
April
|
38,671,617.14
|
7,845,827.56
|
20.3%
|
May
|
38,185,263.61
|
7,068,770.18
|
18.5%
|
June
|
38,517,227.85
|
13,193,652.18
|
34.3%
|
July
|
36,885,396.81
|
6,661,762.99
|
18.1%
|
August
|
49,320,459.23
|
8,912,741.54
|
18.1%
|
September
|
36,405,731.14
|
6,755,333.93
|
18.6%
|
October
|
39,802,740.53
|
5,667,305.74
|
14.2%
|
November
|
36,186,107.78
|
6,691,228.00
|
18.5%
|
December
|
44,716,219.32
|
6,583,355.77
|
14.7%
|
January,
2018
|
44,063,056.11
|
8,230,861.00
|
18.7%
|
February
|
39,389,927.57
|
5,947,647.50
|
15.1%
|
March
|
53,523,320.61
|
7,945,570.02
|
14.8%
|
April
|
42,064,194.78
|
7,192,997.10
|
17.1%
|
May
|
40,447,182.69
|
8,037,624.80
|
19.9%
|
June
|
37,685,874.97
|
13,364,612.64
|
35.5%
|
July
|
42,413,352.70
|
5,066,628.73
|
11.9%
|
August
|
40,343,279.62
|
6,175,998.40
|
15.3%
|
September
|
35,198,809.72
|
7,783,450.82
|
22.1%
|
October
|
57,575,285.62
|
11,259,040.31
|
19.6%
|
November
|
37,700,016.00
|
6,821,411.01
|
18.1%
|
December
|
45,859,642.73
|
6,650,791.54
|
14.5%
|
January,
2019
|
40,574,813.28
|
7,848,495.62
|
19.3%
|
February
|
41,060,111.75
|
8,198,257.31
|
20.0%
|
March
|
51,988,380.67
|
8,552,307.04
|
16.5%
|
April
|
43,951,257.94
|
8,176,383.34
|
18.6%
|
May
|
41,158,346.08
|
8,396,193.42
|
20.4%
|
June
|
38,413,526.87
|
13,482,789.59
|
35.1%
|
July
|
41,239,173.79
|
4,523,930.75
|
11.0%
|
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