Arkansas Lottery Earns $12 Per Second, Still Failing
From July 1 through November 30, 2014, the Arkansas Lottery earned an average of $11.86 every second–but the Lottery is still failing.
According to financial reports published on the Arkansas Lottery’s website, the lottery earned roughly $156.8 million in gross revenue during the first five months of its fiscal year that began last July. That’s an average of $1 million every day! However, lottery revenue is still more than $7 million behind budget.
Even more concerning, the Lottery is more than $2.5 million behind in scholarship funding for the year, and appears–once again–to have reduced the percentage of gross revenue paid out for scholarships.
| Month | Gross Lottery Revenue | Paid to Scholarships | % Gross Revenue |
| July | $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% |
| Total | $156,783,990.41 | $27,059,301.64 | 17.3% |
