Record-breaking year for Arkansas Scholarship Lottery

    The Arkansas Scholarship Lottery has record breaking sales for the fiscal year. (Photo KATV)

    It's been a record-breaking year for the Arkansas Scholarship Lottery and its winners.

    With the lottery's fiscal year ending June 30, it brought in approximately $499.7 million in sales and $500.5 million in revenue.

    This meant more money for scholarships with proceeds at nearly $92 million.

    “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.”

    The lottery also gave out nearly $342 million in prizes - the highest amount ever paid out to players. Retailer commissions were more than $28 million.

    As of 2:23 p.m., the Mega Millions lottery sits at $306 million and you can see the winning numbers Tuesday night on Channel 7 News at 10.

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