Arkansas lottery sees increases in revenue, amount raised for scholarships in May

in Lottery

The Arkansas Scholarship Lottery’s revenue in May increased by about $700,000 over a year ago to $41.1 million and the amount raised for college scholarships edged up by about $360,000 to $8.3 million.

The lottery’s scratch-off ticket revenues last month dipped from a year ago, while the draw-game revenues increased over a year ago, according to a monthly report sent to the lottery oversight committee and Gov. Asa Hutchinson.

Through the first 11 months of the fiscal year, the lottery’s revenues totaled $477.8 million and the amount raised for college scholarships reached $84.9 million.

Last year, lottery Director Bishop Woosley projected fiscal year 2019 revenues of $482.9 million and net proceeds for college scholarships at $85.9 million.

In fiscal year 2018, the lottery collected a record $500.4 million in revenue. The lottery also raised $91.9 million for college scholarships — the third largest in a fiscal year.

The record amount of net proceeds for college scholarships raised by the lottery was $97.5 million in fiscal year 2012.

https://www.arkansasonline.com/news/2019/jun/10/arkansas-lottery-sees-increases-revenue-amount-rai/