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.
Read Tuesday's Arkansas Democrat-Gazette for full details.