Yesterday the Arkansas Lottery released its monthly financial report for August.
According to the report, the Arkansas Lottery took in nearly $35.1 million in August, but paid out less than $5.5 million in scholarship funds; that’s about 15.7% of the Lottery’s revenue.
For reference, the Arkansas Lottery paid 18.6% of its revenue to scholarships in August of 2013; 16.8% in August of 2014; and 17.6% in August of 2015. That makes August of 2016 one of the more dismal months for scholarships at the Arkansas Lottery.
Below is a breakdown of lottery funds for Fiscal Year 2017, which began in July.
|Month||Gross Lottery Revenue||Paid to Scholarships||% Gross Revenue|