Good & Bad From August Scholarship Lottery

On Tuesday, the Arkansas Scholarship Lottery announced it had raised $4.9 million for scholarships in August, the lowest amount of net proceeds in that month in 10 years of operations.

But total revenue for last month reached $40.89 million, the second-highest collection in the month of August.

A similar event occurred the month before, when the lottery also netted the lowest amount ever for college scholarships in any July while also taking in the second-best-ever amount of total revenue for that month.

July and August are the first two months of fiscal 2020.

In fiscal 2019, the lottery reported collecting more total revenue and raising more money for college scholarships than in any previous fiscal year.

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