According to a report published last week, the Arkansas Lottery budgeted less than eighteen cents of every dollar it made for scholarships in November.
The Arkansas Lottery grossed over $37 million in November, but paid less than $6.6 million in scholarships. That’s about 17.7% of the Lottery’s gross revenue.
Unfortunately this is not a new story. Month after month, year after year we have seen the Arkansas Lottery budget pathetic amounts of money for scholarships.
Below is a breakdown of the numbers so far for Fiscal Year 2017, which began last summer.
| Month | Gross Lottery Revenue | Paid to Scholarships | % Gross Revenue |
| July | $38,237,293.92 | $8,714,386.39 | 22.8% |
| August | 35,091,022.09 | 5,498,714.86 | 15.7% |
| September | 33,113,391.64 | 5,773,076.42 | 17.4% |
| October | 34,061,993.14 | 5,165,040.54 | 15.2% |
| November | 37,042,079.72 | 6,570,979.51 | 17.7% |
| Total | $177,545,780.51 | $31,722,197.72 | 17.9% |
Related posts:
AR Lottery Gave Less Than 19 Cents of Every Dollar to Scholarships in November
AR Lottery Gives Scholarships Less Than 23 Cents on the Dollar in July
AR Lottery Gives Scholarships Less Than 20 Cents of Every Dollar in October
Lottery Gives Students Less Than 14 Cents of Every Dollar Despite Good December