Last month the Arkansas Lottery released its financial report for the month of November.
The report shows the Arkansas Lottery took in $37.7 million, but paid out $6.8 million for scholarships — about 18 cents out of every dollar the Arkansas Lottery made in November.
This is nothing new. Since Day One, the Arkansas Lottery has failed to budget a meaningful amount of money for college scholarships, even though Arkansans were promised that a statewide lottery would provide at least $100 million in scholarship funding each year.
As of right now, the Arkansas Lottery is on track to pay out roughly $85 million in college scholarships in Fiscal Year 2019.
Below is a breakdown of lottery revenue and scholarship proceeds so far this fiscal year.
||Gross Lottery Revenue
||Paid to Scholarships
||% Gross Revenue
1-11-19 10:11 a.m. kawx.org