The Arkansas Lottery released its financial reports for the month of May last week.
The report shows the Lottery took in a little over $41.1 million, but paid out less than $8.4 million for scholarships — about 20% of the Lottery’s gross revenue for the month.
So far this fiscal year, the Arkansas Lottery has given student less than 18 cents out of every dollar it has made.
Nationwide, the typical state lottery pays out about 30% of its revenue to education.
Below is a breakdown of the Arkansas Lottery’s income and scholarship funds so far this fiscal year.
|Month||Gross Lottery Revenue||Paid to Scholarships||% Gross Revenue|