A Few Fast Facts on the Arkansas Lottery
The Arkansas Lottery just wrapped up Fiscal Year 2014. Year-end reports were posted on the agency’s website, recently. To summarize, here are a few fast facts on the Arkansas Lottery:
- The Arkansas Lottery took in roughly $411 million in revenue from July 1, 2013 to June 30, 2014.
- Approximately 19.8% of lottery revenue went for scholarships (yes, that’s still one of the lowest percentages in the nation).
- During the month of June, the Arkansas Lottery sold approximately $30.5 million worth of tickets.
- During the month of June, roughly 82% of lottery ticket revenue came from scratch-off tickets; about 6.5% came from Powerball; the rest came from other games.
- The Arkansas Lottery spent roughly $81.5 million on college scholarships this year; this is $8.4 million less than last year and $16 million less than the year before.
- Overall, lottery revenue for the year was roughly $49 million less than budgeted.
- Scholarship funding came out $8.1 million less than budgeted.
There is a silver lining in all these facts and figures: The fact that lottery revenue continues to decline means Arkansans are losing fewer and fewer of their hard-earned dollars playing the lottery.