The Arkansas Lottery recently released its financial report for the month of April. The report shows the Arkansas Lottery took in more than $65.5 million last month. However, less than $12.3 million went to scholarships — about 19 cents out of every dollar the Arkansas Lottery made. The report also shows the Arkansas Lottery spent […]
Despite Banner Month, Lottery Gives Little to Scholarships, Most to Prizes
The Arkansas Lottery recently released its monthly financial report for March 2021. The report reveals that the Arkansas Lottery spent only 12% of its gross revenue on scholarships — despite bringing in a record-setting $67.9 million in March. More than 70% of the Lottery’s revenue went to prizes instead. For perspective, the typical state lottery […]
Good Legislation Filed to Increase Arkansas Lottery’s Scholarship Budget
On Wednesday Sen. Charles Beckham (R – McNeil) and Rep. Richard Womack (R – Arkadelphia) filed S.B. 649. This is a really good bill that requires the Arkansas Lottery to increase the percentage of its revenue budgeted for scholarships over the next six years. Right now the Arkansas Lottery allocates around 16% of its gross […]