The Arkansas Scholarship Lottery has been providing scholarships to students since 2009, offering opportunities for about 30,000 students annually in Arkansas. The scholarships are limited to students attending Arkansas schools, including state schools, the University of Arkansas System, ASU System, and some private schools like Hendrix University. The lottery features popular games such as scratch-offs, Powerball, and Mega Millions with significant payouts potential. Winners can choose between lump sum or annuity payouts, with taxes automatically withheld for lump sum winners. The organization’s biggest expense is payout prizes, based on sales and operating expenses. Retailers selling tickets receive 5% of sales, 1% bonus for selling winning tickets up to $50,000, and another 1% for cashing tickets. In 15 years, the Arkansas Lottery has awarded over $1.4 billion in scholarships through more than 770,000 scholarships. This initiative is a significant contributor to helping students achieve higher education goals. Through continued support from ticket sales, the Arkansas Scholarship Lottery will keep providing educational opportunities for students in the state.
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Arkansas Scholarship Lottery continues to thrive
