Last week the Arkansas Lottery released its financial report for the month of July.
The report shows Fiscal Year 2019 is off to a dismal start for the Lottery.
The Arkansas Lottery took in more than $42.4 million last month, but paid out less than $5.1 million to scholarships. That’s less than 12% of all the money the Lottery made.
Below is a breakdown of Lottery revenue and scholarship funding for the month of July.
Month | Gross Lottery Revenue | Paid to Scholarships | % Gross Revenue |
July | $42,413,352.70 | $5,066,628.73 | 11.9% |