Arkansas Lottery Continues to Give Scholarships Less Than 20 Cents On The Dollar

Arkansas Lottery

Last week the Arkansas Lottery posted its revenue and expenses for the month of May.

The report shows the Arkansas Lottery took in nearly $40.5 million last month, but paid out about $8 million for scholarships–19.9% of its total income for the month.

So far this year the Arkansas Lottery has given a paltry 17% of its income to college scholarships. The average state lottery gives 30%.

Below is a breakdown of lottery income and scholarship allocation so far this fiscal year.

Month Gross Lottery Revenue Paid to Scholarships % Gross Revenue
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%
Total $462,804,336.57 $78,626,428.39 17.0%

Photo Credit: By Roman Oleinik [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)], from Wikimedia Commons

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