Lottery Celebrates Record – Breaking Year

Arkansas Scholarship Lottery
The Arkansas Scholarship Lottery’s fiscal year ended June 30th, and it is celebrating record-breaking sales and revenue for the year. Sales reached $499,704,976, and revenue was $500,490,212.

ASL Director Bishop Woosley said the best part of having record-breaking sales and revenues is it means more money for scholarships. Proceeds to scholarships were just shy of $92 million–the third highest amount since 2012 when more than $97 million went to help fund the Academic Challenge Scholarship.
“Our mission is to maximize proceeds to scholarships in a responsible way,” Woosley said. “With outstanding sales and revenues, we are doing just that. We have provided more than $781 million for the Academic Challenge Scholarship program, which equates to more than 275,000 scholarships. And that number will exceed 300,000 next month when the Arkansas
Department of Higher Education awards scholarships to Arkansas students for the 2018-2019 school year.”    MORE
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